198 Commercial St SE

Salem, OR 97301
  • $8,500,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 41,472

    SqFt

About the Listing 243 - 20109

Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, Price reduced 8.3% CAP and over $2 million in recent renovations, blending historic character with modern upgrades. Anchored by A+ long term State of Oregon tenants, this is a rare opportunity to acquire a stable landmark asset in a prime Salem location!

Listing Highlights

Status Active
Days on Site 71
Property Type Commercial Sale
MLS ® 840891
Year Built 1956
Total Square Footage 41,472
Lot/Acreage 0.46
County Marion
Building Name 198 Commercial Street

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating: Central AC,Forced Air,Heat Pump,Zonal
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: City,Connected

Exterior Details

  • Garage Capacity: N/A
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $87,745
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2025

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Questions About..

198 Commercial St SE Salem, OR 97301

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Agent profile image in chat bubble
Agent profile image in chat header

Hannah Fouts-Sparks

| Sparks Property Group: Your trusted Oregon realtors | SMI Real Estate

Agent profile image in message

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way