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Fenced EFU Farmland
For Sale
$390,000

TA 341853 Michigan City Ln NW, Salem, OR 97304

Bare Land, Salem, OR

Property SizeContact for details
Lot Size19.67 Acres
Days on Market147

Property Features for TA 341853 Michigan City Ln NW

General Information

Property type Land
Property subtype Other
Zoning EFU
Lot features Dimension Above, Lot: *
Directions Wallace Rd North, Left on Michigan City.
Standard status Active
APN 341853
Lot size 19.67 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 197

Utilities

Water source Well
Listing Agency: REALTY ONE GROUP WILLAMETTE VALLEY
Listed By: MIKE EASTLUND · License #200910041
Added: May 11 Changed: Oct 4 Last Checked: Oct 4 at 5:06PM
MLS# 840958

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 19.67-acre agricultural land parcel is designated EFU and offers level, usable ground with full perimeter fencing. A well is identified as the water source, and access is provided from a paved road. The property is suited to rural agricultural use, subject to buyer verification of permitted activities and applicable land-use requirements.

The parcel is adjacent to the city limits and carries a Salem, Oregon address in Polk County, combining a rural setting with proximity to town amenities. Buyer due diligence should confirm permitted uses and the property’s best use under EFU zoning.

Key Highlights

  • 19.67 acres of EFU‑designated agricultural land
  • Level, usable terrain with full fencing
  • Access from a paved road

Property Analytics

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Current Use

Agricultural land / Farmland

Suggested Use

Top Pick Building Supply Electrical Service Gym & Fitness Center Garden Center Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 97304, OR

34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
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Frequently Asked Questions

What type of property is this?
Agricultural land / Farmland - Level, fenced acreage with paved-road access and an on-site well.
Where is this agricultural land / farmland located?
The property is located at TA 341853 Michigan City Ln NW Salem, OR.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 19.67 acres of EFU‑designated agricultural land; Level, usable terrain with full fencing; Access from a paved road
More about this property
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