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Property profile & analytics

447 State St Salem, OR 97301

  • Office Properties & Spaces
  • 8,050 SF
Value Estimation
Location Intelligence

Current Use by Public Records

  • Anthem Wealth Strategies - Ameriprise Financial Services, LLC / Financial Planner / Investment Service
  • Derek A Gilbert - Financial Advisor, Ameriprise Financial Services, LLC / Financial Planner / Investment Service
  • Anthem Strategists / Accountant / Bookkeeping Service
  • Sub to Garnoosh / Restaurant

Property Details for 447 State St

Property size
8,050 SF
Property type
Office Properties & Spaces
Property subtype
Coworking space

Description

This exceptional 8,050-square-foot office space in downtown Salem, Oregon, offers a unique blend of historic charm and modern amenities. Located at 447 State St, this tri-level building boasts soaring ceilings on the main level, creating an expansive and welcoming reception and lobby area. The main level also features four large private offices, a stunning conference room with a brick accent wall, and ample open workspace, easily adaptable to various business needs. A mezzanine level, overlooking the main floor, provides five additional private offices enclosed by glass walls. Both the main and mezzanine levels share common restrooms. The lower level offers a contemporary feel, including six private offices, a spacious conference room, a substantial IT room, a large breakroom, and a stylish lounge area. Two private restrooms are conveniently located on this level as well. Multiple access points throughout the building provide easy access to nearby establishments such as Ritter's and Archive Coffee & Bar. The property sits on a 0.16-acre lot and is zoned CB (Central Business). This prime location in Salem's Central Business District offers unparalleled convenience, with proximity to restaurants, shopping, entertainment, the Marion County Courthouse, and Riverfront Park. The space, totaling 8,050 square feet, is currently vacant and will be available for lease in December 2024. The gross lease rate is $2.30 per square foot, with pass-through increases on operating expenses. The property is suitable for a large business seeking a unique and trendy workspace in a vibrant downtown setting. Please note that the property is currently occupied, and tenants should not be disturbed.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Salem
County
Marion
State
Oregon
Longitude
-123.038
Latitude
44.94
More about this property
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