229 N FIRST ST Drain, OR $ 325,000
229 N FIRST ST
$ 325,000
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229 N FIRST ST

Drain, OR, 97435
$ 325,000
Bedrooms-- Baths-- Sq 3,490

Monthly Estimate*

$ 2,001

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Commercial Property for sale in Drain, OR

for $325,000. This 3,490 square foot building was built in 1948 on a lot size of 0.2.

Great opportunity for office/retail use ideally located on a corner lot with lots of onsite parking, drive-up window. Upstairs has break room with refrigerator, restroom, and lots of storage. Former bank building in the heart of Drain's business district.

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Commercial Active

Price

$ 325,000

Property Type

Commercial

Taxes

$ 3,191

Style

Commercial

Lot Size

0.2

Year Built

1948

Town/City

Drain

County/Region

Douglas

MLS | Web ID

221296253

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Flat
Zoning C
Construction Materials Block T111Siding
Year Built 1948
Sale Includes Building Land Sign
Stories Count 2
Property Subtype Commercial
Tax Year 2025
Current Use Office
Parcel Number R21147
Gross Income 0
County Douglas
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions I-5 Exit #162 to Drain to corner of 1st and West C Street.
City Drain
MLS Area _265
Lot Size Square Feet 8712.0
Listing Terms Cash Rehab
Tax Annual Amount 3191.88
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 22-05W-17AB-04600
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Exterior
Parking Features OnSite Paved
Water Source PublicWater
Number of Buildings 1
Building Area Total 3490.0
Lot Size Acres 0.2
Road Surface Type Paved
Other Equipment SmokeDetector
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Internal Only
Street Number 1 229
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* Excluded Features
List By
All-Pro Realty Advisors, Llc

Broker

callmelony@gmail.com

Email

Affordability Calculator

$2,267
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,001
Monthly Property Taxes
$266
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$325,000 Listed Price

Map


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229 N FIRST ST, Drain, OR, 97435 is a Commercial Property for sale at $325,000 with 3,490 sqft and a lot size of 0.2. 229 N FIRST ST was built in 1948. The property's zip code is 97435 which is in Drain, OR