1500 Mcgilchrist St SE Salem, OR 97302
For Lease
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This exceptional 4,005-square-foot industrial flex space is ideally situated on the McGilchrist corridor in Salem, Oregon, within Marion County. The property, classified as Class B, offers a versatile layout perfect for a variety of businesses. The space features a substantial 2,858-square-foot warehouse area, complemented by a 1,147-square-foot office/showroom. Constructed with durable concrete tilt-up construction, this multi-tenant building provides a solid and reliable workspace. The property's zoning, designated as Industrial General, allows for a broad range of uses, including but not limited to general wholesaling and manufacturing, warehousing and distribution, retail nurseries, lawn and garden supply stores, and financial institutions. Its convenient location on McGilchrist Street SE, with the zip code 97302, ensures easy access to transportation routes and key infrastructure. The asking rate is $0.98 per square foot. This property presents a compelling opportunity for businesses seeking a functional and well-located industrial space in Salem, Oregon. The address is 1500 McGilchrist St SE, Salem, OR 97302.
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American Lighting Supply General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IG · Salem, ORSalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.