198 Commercial St SE $2,243,047

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    198 Commercial St SE Salem, OR 97302

    • 0 Beds
    • 0 Baths
    • 19,031 sq. ft.
    • Lease
    • MLS# 777725
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    Views: 61 Days On Site: 123

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    Property Details

    Highly visible office building located in downtown Salem, directly across from the convention center. Within walking distance to restaurants and shops. Parking available in the attached city owned parking garage. Suite sizes range from 2,850 SF - 19,031 SF.

    • General Features
      • Years of Lease 5
      • Status Note ACTIVE
      • County Marion
      • Handicap Amenities Yes
      • Landlord Responsible Water/Sewer, Electricity, Trash Removal, Gas, Interior Bldg Maintenance, Exterior Bldg Maintenance, Insurance, Base Year Taxes
      • Type Office
      • Tenant Responsible Janitorial
      • Lease Type FS-JS
      • Suitable For Office Creative/Loft, Institutional/Government, Office Building
    • Building Features
      • Kitchen X
      • Approx Available Sq Ft 19,031
      • Elevators X
    • Property Features
      • Acres 0.46
    • 2-10 Home Buyers Warranty
    • American Home Shield - Be sure with the Shield.

    Neighborhood

    97302 (Salem) Demographics

    40 Median Age
    1,617 Population Density (per sq. mile)
    46% College Educated
    $56,074 Estimated Median Income
    9,153 Estimated Total Home Owners
    6,765 Estimated Total Renters
    58% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    38,093 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $425,000 Median Sales Price
    116 Homes Sold
    98 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,243,047
        5/18/2021 8:53:00 AM New in Database Source: Multiple Listing Service New Value: $2,243,047

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        Meet Dina Schmidt

        Dina Schmidt

        Dina Schmidt Prosperity Mortgage Loan Officer

        James Watts

        James Watts

        James Watts Insurance Agent

        HomeServices Insurance offers access to a diverse network of top-rated national and regional insurance carriers including Travelers, Safeco, and Chubb. James and the HSI team provide the convenience of working directly with our real estate, mortgage and title partners to ensure all insurance documents are in place for a smooth, on-time closing. James and the HSI team understand the varied and unique coverages needed for the Pacific Northwest area and are able to leverage this knowledge to develop custom insurance strategies and options to better meet the evolving needs of our clients.

        Along with homeowner’s insurance, we are able to help our clients find great coverage for their other personal insurance needs including auto, umbrella, jewelry, watercraft, and more. 

        James has more than ten years of experience in the insurance and mortgage business making him uniquely qualified to assist clients with their insurance needs. James is a graduate of Western Oregon University where he played football. He and his family (wife and 2 kids) live in Keizer. James works out of Salem office, but will spend a significant amount of time in his ‘mobile office’ servicing client's needs.

        The data relating to real estate for sale on this website come in part from the Broker reciprocity program of the WVMLS and Berkshire Hathaway HomeServices Real Estate Professionals. Real estate listings held by other than Berkshire Hathaway HomeServices Real Estate Professionals are marked with the Broker reciprocity logo and detailed information about these properties includes the names of the listing brokers. Listing data is copyright of 2021 WVMLS. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.