815 NW Santiam Blvd, Mill City, OR 97360
For Sale
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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.
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Rex Images Promotions (Bike/Boat/Book/etc) Store Printing Service
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
Property description
Physical attributes from public recordsZoning & alternative use
UT5 · Mill City, ORMill City. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.