For Sale
$1,000,000

144 Main StIndependence, OR 97351

Historic building, versatile spaces, high ROI potential

Overview

Added:
Dec 11, 2024
Days on market:
116
The Belt Building, a meticulously restored 5,150 square foot historic property in downtown Independence, Oregon, presents a unique investment opportunity. Built in 1890 and renovated in 2020, this iconic building, formerly home to Main Street Antiques, boasts a prime Main Street location directly across from Riverfront Park's fountain. The building offers versatile space, ideal for a variety of uses. The ground floor, zoned CR for retail or street retail use, is suitable for retail, office, or food service businesses. Upstairs, a spacious two-bedroom, one-bathroom apartment with laundry facilities provides additional income potential. A significant advantage is the oversized two-car garage with high ceilings and a restroom, offering potential for additional rental income or business storage. The property features alley access and a private courtyard. The building's structural integrity has been reinforced, ensuring a sound investment for years to come. This property is perfect for owner-users or investors seeking a high-return investment in a thriving downtown area. The potential exists to create three separate income streams from the main floor, the upstairs apartment, and the oversized garage.

Highlights

  • Historic 1890 building, 5,150 SF, renovated in 2020.
  • Potential for three separate units: main floor retail, upstairs apartment, and oversized garage.
  • CR zoning, suitable for retail or street retail uses.
  • Owner-user or investment opportunity.
  • Prime downtown Independence location.
  • Meticulously restored façade with structural upgrades.

Property Details for 144 Main St

Property type
Retail properties, Office properties
Square Feet
5,150 SF

Location Insight

City
Independence
County
Polk
State
Oregon
Latitude
44.852512312439
Longitude
-123.18451993459
144 Main St, Independence, Oregon

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144 Main St
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