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    FOR SALE
    Specialty properties

    815 NW Santiam Blvd, Mill City, OR 97360

    2,464 SF 0.55 ac lot Built 1950
    Entity Owned Free & Clear
    Property ID
    US71-0555491
    Property summary
    AI-generated overview

    This exceptional 2,464-square-foot retail property, located at 815 NW Santiam Blvd in Mill City, Oregon (97360), presents a unique investment opportunity. Situated on a 0.55-acre lot with Highway 22 frontage and two convenient access points, this single-story building boasts ample on-site parking and a pre-existing pole sign. Built in 1950 and extensively renovated in 2019, the property features a gross lease structure and is currently 100% occupied as open retail and production space. The interior retains some restaurant-grade equipment, including stainless steel appliances, a flat top, hood system, and a walk-in refrigerator/freezer, offering flexibility for various uses. Two restrooms are conveniently located within the space. Recent upgrades include a new roof, insulation, and HVAC system (installed 3-4 years ago). The property is zoned for Commercial Highway use (APN: 541959/958) and offers significant potential as a single or multi-tenant investment. The asking price is $525,000, translating to $213.07 per square foot. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a strong return on investment in a desirable location.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1950
    Total area 2,464 SF
    Lot 0.55 ac (23,958 SF)
    Zoning code UT5
    APN 093E30DB00500
    UPID US71-0555491
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rex Images Promotions (Bike/Boat/Book/etc) Store Printing Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    MAY M HARRIS LLC
    MAY M HARRIS LLC
    Zoning & alternative use
    UT5 · Mill City, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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