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    Salem, OR
    Medical Premises

    Salem, OR Medical Office Space for Sale

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    Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Silverton, OR
    8 properties
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    Turn-Key Veterinary Clinic Building
    Updated: Jul 20
    Turn-Key Veterinary Clinic Building

    5498 Commercial St SE, Salem, OR 97306

    $575,000
    2,940 sqft 0.20 AC lot
    Freestanding commercial building delivered vacant, ready for tenant occupancy at closing or lease commencement.
    2,940 SF building on about 0.2 acres with an interior buildout designed for continued veterinary clinic use.
    Existing layout includes treatment areas, reception, and support spaces suited to veterinary or related healthcare/professional/service occupancies.
    Year built: 1959.
    Located on Commercial Street SE with reported average daily traffic of approximately 30,600 vehicles per day.
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    This listing looks promising.

    Here's a quick look at some key insights for

    5498 Commercial St SE, Salem, OR 97306

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $578K
      Above asking

    • Last Sold

      Jan 2019
      $260K

    • Property Type

      Veterinary, Animal Hospital
      Built 1959
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    Two-Suite Medical and Office Building
    Updated: Jul 20
    Two-Suite Medical and Office Building

    1515 - 1535 Liberty St SE, Salem, OR 97302

    Contact for pricing
    8,708 sqft 0.56 AC lot
    2‑story office building built in 1972 with approx. 8,708 SF total across two levels
    Main floor configured as 2 suites: medical suite (~3,923 SF) and professional office suite (~4,785 SF)
    0.56‑acre lot with 26 on‑site parking spaces
    Located on Salem’s Liberty Street corridor just south of Downtown Salem, minutes from Salem Hospital
    Direct access to Salem’s Cherriots transit line with a stop located along the corridor
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    Medical Office Building with Solar Panels
    Medical Office Building with Solar Panels

    1025 2nd Street Northwest, Salem, OR 97304

    Contact for pricing
    9,822 sqft

    2019-built medical office property with photovoltaic panels and a stabilized, 98% leased tenant roster.

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    Single-Story Medical Office Building
    Single-Story Medical Office Building

    702 Church St NE, Salem, OR 97301

    Contact for pricing
    8,350 sqft

    Single-story masonry medical office building with a mostly finished rear dry storage area, dropped ceilings, recessed lighting, and sprinklers.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Office/Medical Building Near State Capitol
    Office/Medical Building Near State Capitol

    1320 Chemeketa St NE, Salem, OR 97301

    Contact for pricing
    3,281 sqft

    Charming 1928 building suitable for office or medical use.

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    Well-Maintained Office Building For Sale
    Well-Maintained Office Building For Sale

    830 Saginaw St S, Salem, OR 97302

    Contact for pricing
    1,682 sqft

    Charming office building south of downtown Salem with recent upgrades.

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    Single-Story Medical Office Building
    Single-Story Medical Office Building

    966 12th St SE, Salem, OR 97302

    Contact for pricing

    10,018 SF single-story office building with three office/medical suites, reception areas, private exam rooms, and 46 parking spaces.

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    Medical Office Building with Exam Rooms
    Medical Office Building with Exam Rooms

    660 Capitol St, Salem, OR 97301

    Contact for pricing

    Medical office building with a reception area, seven exam/treatment rooms, and a second-floor lab and office layout.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 8 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Main Street Plaza Investment Opportunity
    Main Street Plaza Investment Opportunity

    306 Main St, Dallas, OR

    Contact for pricing
    10,414 sqft 0.91 AC lot

    100% leased multi-tenant commercial property in Dallas, Oregon.

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    Two-Level Multi-Tenant Office Building
    Two-Level Multi-Tenant Office Building

    306 Main St, Dallas, OR 97338

    Contact for pricing
    10,414 sqft 0.78 AC lot

    100% leased, two-level office building zoned CG-Commercial General in Dallas, Oregon.

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    Medical Office Adjacent to Hospital
    Medical Office Adjacent to Hospital

    450-456 Welch Street, Silverton, OR 97381

    Contact for pricing

    Medical office site immediately adjacent to Legacy Silverton Medical Center with access along Welch Street near major intersections.

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    Remodeled Commercial Building with Parking
    Remodeled Commercial Building with Parking

    612 N 1ST, Silverton, OR 97381

    $349,000
    1,331 sqft 0.18 AC lot

    Remodeled vintage building suitable for commercial or residential use.

    View details

    Off-Market Properties in Salem, OR

    Consider similar Off-Market properties in Salem, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    800 Liberty SE St
    MEDICAL CLINIC

    800 Liberty SE St, Salem, OR 97302-4137

    $625,000
    Estimated value
    5,716 sqft 0.51 AC lot
    View details
    2525 12th SE St
    DENTAL BUILDING

    2525 12th SE St, Salem, OR 97302-2281

    $16,310,000
    Estimated value
    43,413 sqft 2.32 AC lot
    View details
    2525 12th SE St
    DENTAL BUILDING

    2525 12th SE St, Salem, OR 97302-2281

    $305,000
    Estimated value
    1,954 sqft 0.17 AC lot
    View details
    2485 12th SE St
    MEDICAL CLINIC

    2485 12th SE St, Salem, OR 97302-2151

    $750,000
    Estimated value
    14,332 sqft 1.24 AC lot
    View details
    966 12th SE St
    MEDICAL CLINIC

    966 12th SE St, Salem, OR 97302-2859

    $4,745,000
    Estimated value
    10,018 sqft 0.71 AC lot
    View details
    436 Lancaster NE Dr
    MEDICAL CLINIC

    436 Lancaster NE Dr, Salem, OR 97301-4728

    $1,450,000
    Estimated value
    3,279 sqft 0.31 AC lot
    View details
    2973 12th SE St
    MEDICAL CLINIC

    2973 12th SE St, Salem, OR 97302-3162

    $5,370,000
    Estimated value
    11,341 sqft 1.35 AC lot
    View details
    2720 Commercial SE St
    MEDICAL CLINIC

    2720 Commercial SE St, Salem, OR 97302-4495

    $3,400,000
    Estimated value
    18,015 sqft 0.73 AC lot
    View details
    350 Miller SE St
    MEDICAL CLINIC

    350 Miller SE St, Salem, OR 97302-4248

    $2,205,000
    Estimated value
    8,381 sqft 0.39 AC lot
    View details
    1105 Liberty SE St
    MEDICAL CLINIC

    1105 Liberty SE St, Salem, OR 97302-4142

    $1,135,000
    Estimated value
    9,549 sqft 0.84 AC lot
    View details
    590 Dearborn N Ave
    DENTAL BUILDING

    590 Dearborn N Ave, Salem, OR 97303

    $570,000
    Estimated value
    2,520 sqft 0.23 AC lot
    View details
    810 Liberty NE St
    DENTAL BUILDING

    810 Liberty NE St, Salem, OR 97301-2450

    $470,000
    Estimated value
    3,079 sqft 0.26 AC lot
    View details
    365 Washington SE St
    DENTAL BUILDING

    365 Washington SE St, Salem, OR 97302-4355

    $455,000
    Estimated value
    1,904 sqft 0.07 AC lot
    View details
    1005 13th SE St
    DENTAL BUILDING

    1005 13th SE St, Salem, OR 97302-2506

    $235,000
    Estimated value
    4,084 sqft 0.25 AC lot
    View details
    1600 State St
    MEDICAL CLINIC

    1600 State St, Salem, OR 97301-4257

    $8,615,000
    Estimated value
    31,707 sqft 1.03 AC lot
    View details
    1251 Lancaster NE Dr
    MEDICAL CLINIC

    1251 Lancaster NE Dr, Salem, OR 97301-1994

    $915,000
    Estimated value
    6,950 sqft 0.65 AC lot
    View details

    Salem, OR Medical Office Space Market Trends and Statistics

    Explore 72 medical office space for sale in Salem, OR, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 34,783 square feet of properties for sale, with an estimated market value of $575,000.

    Sale prices for medical spaces in Salem, OR average $575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 137
    Office buildings 67
    Medical Office Space 27
    Creative space 4
    Coworking space 1

    Demographics Overview

    Population 279K
    Population Growth (5Y) +5.0%
    Median Household Income $76,436
    College Educated 19.3%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97306 $575K
    97301 $6M

    Taxes & Financing

    Tax Rate (average for all types) 1.85%
    Property Tax per SF $20.84 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marion County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Marion County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 50,000 to 100,000 square foot range.

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    • 97301
    • 97302
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