815 Santiam BlvdMill City, OR 97360

Property Details for 815 Santiam Blvd

Year built

1950

Lot size

0.55 AC

Property size (Sq ft)

2,464 SF

Zone code

UT5

Property type

Specialty properties

APN

093E30DB00500

APU

093E30DB00500

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $702,152

  Hospitality

  $643,168

  Educational

  $535,108

  Medical

  $553,511

  Retail

  $832,390

Location Insight

City

Mill City

County

Marion

State

Oregon

Latitude

44.7577

Longitude

-122.486

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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