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$10,500,000
New Listing
198 Commercial St SESalem, OR 97301
For Sale|Office|Active
0
Beds
0
Total Baths
41,472
SqFt
$253
/SqFt
1956
Built
County:
Marion
Listing courtesy of COREY CLARK of CENTURY 21 NORTH HOMES (541) 350-0690
541-350-0690,
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Monthly Payment (Est.)
$47,905Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
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, a solid 6.53% 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!
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Listing Snapshot
Price
$10,500,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
41,472 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.46 Acres
Year Built
1956
MLS® Number
840891
Status
Active
Property Tax
$87,745
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 18 hours ago | Listing updated with changes from the MLS® | |
| 19 hours ago | Listing first seen on site |
General Features
Acres
0.46
Foundation
Slab
Property Sub Type
Office
SqFt Total
41472
Water Source
Public
Interior Features
Cooling
Central Air
Heating
Forced AirHeat PumpZoned
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Listing courtesy of COREY CLARK of CENTURY 21 NORTH HOMES (541) 350-0690
541-350-0690
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright 2026, Willamette Valley MLS.
Last checked: 2026-05-12 01:28 PM UTC
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright 2026, Willamette Valley MLS.
Last checked: 2026-05-12 01:28 PM UTC
Neighborhood & Commute
Source: Walkscore
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