Property profile

1025 Cleveland Sq Loop Bend, OR 97702

OFF-MARKET
Commercial land
Property ID
US71-0658043
0.86 ac lot
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity in Bend, Oregon, presents a 1,483 square foot single-tenant space ideally suited for a restaurant. Situated on a 37,000 square foot lot at 1025 SE Cleveland Square Loop, this property boasts a highly visible location just north of Reed Market with frontage on 3rd Street. Its central Bend location provides easy access to Highway 97, ensuring high traffic and visibility. The property is currently under development, with completion anticipated in Fall 2025. The landlord will construct a "vanilla shell" building to the tenant's specifications, offering a generous tenant improvement allowance of $50 per square foot. This allows for significant customization to create a space perfectly tailored to the tenant's needs and brand. This is a unique chance to secure a prime retail location in a thriving Bend market. While Suites A & B are currently pending lease agreements, Suite C, encompassing the full 1,483 square feet, is available. Contact us to discuss lease rates and further details. The property is located in Deschutes County, Oregon, with a 97702 zip code.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.86 ac (37,462 SF)
APN 181204 CC 00506
UPID US71-0658043

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1025 Cleveland Sq Loop Bend, OR 97702-3430
Bend metro Census 1501 BEND, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2007
2 recorded transactions
2007
$1.5M
2004
$425,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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