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15 NE 7th Street Madras, OR $ 235,000
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$ 235,000 Get more info
15 NE 7th Street
$ 235,000
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15 NE 7th Street

Madras, OR, 97741
$ 235,000
Bedrooms-- Baths-- Sq 1,000

Monthly Estimate*

$ 1,466

15 NE 7th Street, Madras, OR 97741 - Image 1
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Commercial Property for sale in Madras, OR

for $235,000. This 1,000 square foot building was built in 1978 on a lot size of 0.12.

Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. Per city discussions, the property has potential for conversion into residential use following city codes - buyer to confirm. The 1,000sqft. building is on a corner lot with its own parking area. Subject to tenant lease; on a 1-year lease of $1,000/month. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.

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Commercial Active

Price

$ 235,000

Property Type

Commercial

Taxes

$ 1,686

Style

Commercial Sale

Lot Size

0.12

Year Built

1978

Town/City

Madras

County/Region

Jefferson

MLS | Web ID

220206313
Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Roof Composition
Security Features Smoke Detector(s)
Construction Materials Frame
Exclusions Tenant's personal property
Year Built 1978
View Park/Greenbelt
Levels One
Tax Year 2025
County Jefferson
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Palmain
Status Active
City Madras
Zoning Description C2
Number Of Units Total 1
Lot Size Units Acres
Lot Size Square Feet 5227.2
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1686.4
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
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Interior
Flooring Carpet Vinyl
Common Walls No Common Walls No One Above No One Below
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Heat Pump True
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Exterior
Parking Features RV Access/Parking Parking Lot
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.12
Foundation Details Slab
Spa N
Building Area Total 1000.0
Lot Size Acres 0.12
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Internal Only
Street Number 1 15
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* Excluded Features
List By
J. Tim Davis

Listing Agent

Tim Davis Group Central Oregon

Broker

Affordability Calculator

$1,607
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,466
Monthly Property Taxes
$141
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
331058 Elementary School
330912 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/25/2025$235,000 -2.08% Price Down
7/23/2025$240,000 Listed Price

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15 NE 7th Street, Madras, OR, 97741 is a Commercial Property for sale at $235,000 with 1,000 sqft and a lot size of 0.12. 15 NE 7th Street was built in 1978. The property's zip code is 97741 which is in Madras, OR

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