Salem, OR Retail Space for Sale

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Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Independence, OR Silverton, OR Rickreall, OR

39 properties

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Updated: Sep 2

Cannabis Retail Property

1890 Capitol St NE, Salem, OR 97301

$613,900

1,440 sqft 0.15 AC lot

1,440‑square‑foot commercial building on a 0.15‑acre corner lot
Open retail and lobby area with two offices or supply rooms
Six onsite parking spaces plus adjacent street parking
Capitol Street location with 2015 traffic data exceeding 12,000 vehicles daily
Adjacent to Salem Clinic and zoned Comm

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Updated: Apr 21

Retail Space with CR Zoning

4055 Silverton Rd NE, Salem, OR 97305

$399,900

1,013 sqft 0.15 AC lot

1,013‑square‑foot retail property on a 0.15‑acre parcel
CR zoning
Built in 1950
Ductless heating system
Shingle roof

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Freestanding Retail Building

1695 Market St NE, Salem, OR 97301

$945,000

4,554 sqft

Signalized corner property with showroom, office, open-room, and kitchen areas inside a fully fenced commercial site.

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See what stands out in Marion County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Mixed-Use Commercial Building

388 Commercial St NE, Salem, OR 97301

$695,630

6,933 sqft

Property supports retail, office, and medical uses at a signalized intersection.

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NNN Retail Property

1220 12th St SE, Salem, OR 97302

$2,500,000

22,292 sqft

Fully occupied commercial building with IC zoning and a long-term NNN lease structure.

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Freestanding Retail Building with Parking

3965-3985 Rich Dr NE, Salem, OR 97305

$855,000

3,125 sqft 0.25 AC lot

Freestanding retail building is fully leased to two tenants and includes 17 striped parking spaces.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Full-Block Mixed-Use Property

400 High St NE, Salem, OR 97301

$8,899,999

170,000 sqft 2.65 AC lot

Vacant former department store with flexible CB zoning, structured parking, loading infrastructure, and a private mall connection.

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Retail Space with Private Offices

1245 Columbia St NE, Salem, OR 97301

$180,000

2,000 sqft

Flexible storefront space in a newer strip center with natural light and a functional office-support layout.

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Leased Multi-Tenant Strip Center

1200 Hawthorne Ave NE, Salem, OR 97301

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7,200 sqft 0.55 AC lot

Leased 7,200 SF retail strip center on 0.55 acres with multiple established tenants and on-site parking.

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Storefront Space with Signage

3380 Lancaster Dr NE, Salem, OR 97305

$165,337

1,554 sqft

Move-in-ready commercial space offers retail or professional service functionality with dedicated support areas.

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Lancaster Shopping Center Retail Space

1895 Lancaster Dr NE, Salem, OR 97305

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13,296 sqft

Medium-box retail space within a tenant mix anchored by Bottle Drop, Verizon, and RAC.

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Open-Plan Retail Space

3800 Lancaster Dr NE, Salem, OR 97305

$121,000

1,210 sqft

Flexible storefront layout with a rear ADA restroom and signage along Lancaster Dr NE.

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Lancaster Center Shopping Center

1991 Lancaster Dr NE, Salem, OR 97305

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5,251 sqft

Retail center featuring Bottle Drop, Verizon, and RAC as established occupants.

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Office Unit with Kitchenette

5044 Commercial St SE, Salem, OR 97306

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500 sqft

Modern office configuration with a private restroom and kitchenette for a small business setting.

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Ground-Level Office Unit

156 Front St, Salem, OR 97301

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740 sqft

Suite 140 includes an ADA restroom, kitchenette, HVAC, and shared parking.

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Retail Space with Drive-Through

4981 Portland Rd NE, Salem, OR 97305

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3,750 sqft

New-construction shell space includes a restroom and partition walls.

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Open-Plan Retail Space

1826 Lancaster Dr NE, Salem, OR 97305

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1,260 sqft

Open lobby space includes offices, a kitchen, storage, and a private restroom.

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Anchored Shopping Center

1901 Lancaster Dr NE, Salem, OR 97305

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3,000 sqft

Center includes Bottle Drop, Verizon, and RAC as established anchor tenants.

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Updated Retail Space

3270 Market St, Salem, OR 97302

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1,075 sqft

Lobby, workroom, dedicated entrance, restroom, and on-site parking support a practical commercial layout.

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Anchored Shopping Center Property

1915 Lancaster Dr NE, Salem, OR 97305

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3,000 sqft

Established co-tenancy includes Bottle Drop, Verizon, and RAC.

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Freestanding Two-Tenant Storefront

3695 Rich Dr NE, Salem, OR 97305

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3,125 sqft 0.25 AC lot

Fully leased retail building with established occupants and on-site parking near major retailers and residential neighborhoods.

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Storefront Property with Private Offices

5002 Commercial St SE, Salem, OR 97302

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2,109 sqft

Commercial Street exposure, shared pylon signage, and an ADA restroom support a flexible office-retail layout.

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Storefront Retail Space with Parking

1071 Commercial St SE, Salem, OR 97302

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1,500 sqft

Street-facing retail space offers signage potential, transit access, and on-site surface parking.

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Remodeled Mixed-Use Buildings

249 -255 Liberty Street Southeast, Salem, OR 97301

$8,226,000

Two adjoining downtown buildings support restaurant, office, residential, and retail occupancy.

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Salem, OR Retail Space Market Trends and Statistics

Explore 72 retail space for sale in Salem, OR, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 587,322 square feet of properties for sale, with an estimated market value of $26,801,766.

Sale prices for retail space in Salem, OR start at $121,000, averaging $2,233,480, and reaching up to $8,899,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 279K

Population Growth (5Y) +5.0%

Median Household Income $76,436

College Educated 19.3%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
97305	$76.2K
97302	$1.1M
97301	$3.6M

Taxes & Financing

Tax Rate (average for all types) 1.85%

Property Tax per SF $20.84 per SF

Tax Rate vs County Average 0.05 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marion County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Marion County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

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Salem, OR Retail Space for Sale

1890 Capitol St NE, Salem, OR 97301

4055 Silverton Rd NE, Salem, OR 97305

1695 Market St NE, Salem, OR 97301

388 Commercial St NE, Salem, OR 97301

1220 12th St SE, Salem, OR 97302

3965-3985 Rich Dr NE, Salem, OR 97305

400 High St NE, Salem, OR 97301

1245 Columbia St NE, Salem, OR 97301

1200 Hawthorne Ave NE, Salem, OR 97301

3380 Lancaster Dr NE, Salem, OR 97305

1895 Lancaster Dr NE, Salem, OR 97305

3800 Lancaster Dr NE, Salem, OR 97305

1991 Lancaster Dr NE, Salem, OR 97305

5044 Commercial St SE, Salem, OR 97306

156 Front St, Salem, OR 97301

4981 Portland Rd NE, Salem, OR 97305

1826 Lancaster Dr NE, Salem, OR 97305

1901 Lancaster Dr NE, Salem, OR 97305

3270 Market St, Salem, OR 97302

1915 Lancaster Dr NE, Salem, OR 97305

3695 Rich Dr NE, Salem, OR 97305

5002 Commercial St SE, Salem, OR 97302

1071 Commercial St SE, Salem, OR 97302

249 -255 Liberty Street Southeast, Salem, OR 97301

Salem, OR Retail Space Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

Property Size Breakdown

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