221 Oregon St Ontario, OR 97914
Property profile & analytics
221 Oregon St Ontario, OR 97914
- Commercial real estate
- 9,600 SF
- 0.11 lot acres
Property ID
US71-0854648
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 221 Oregon St
- Year built
- 1915
- Lot size
- 0.11 lot acres
- Property size
- 9,600 SF
- Zone code
- O-C3
- Property type
- Commercial real estate
- APN
- 18S4710BB 1300
- APU
- 18S4710BB1300
Description
This exceptional investment property, located at 221 Oregon St in downtown Ontario, Oregon (zip code 97914), presents a unique opportunity to acquire a mixed-use building with significant income potential. The 9,600 square foot building is currently 100% occupied, generating strong cash flow. The main level features a thriving local bar and a cell phone business operating under a modified lease agreement with a remaining term of two years. Ten upstairs studio apartments provide additional rental income, contributing to the property's robust financial performance. The multi-tenant structure offers diversification and built-in resilience. Situated in the heart of downtown Ontario, the property benefits from high visibility and convenient access to local amenities and transportation. This is an ideal investment for those seeking a stable, high-yield asset in a growing Oregon market. The asking price for this turnkey operation is $1,000,000. The property's prime location and diverse income streams make it a compelling investment opportunity with significant upside potential. This is a rare chance to acquire a well-established, profitable property in a desirable downtown location. The current tenants ensure immediate cash flow, minimizing vacancy risk. The property's strong occupancy rate and diverse tenant mix contribute to its financial stability and long-term value.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Malheur
- State
- Oregon
- Longitude
- -116.964
- Latitude
- 44.0247
- CBSA code
- 36620
- CBSA name
- ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,878
$35,102
$208,427
$243,529
-
$77,300
$610,910
$688,210
