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198 COMMERCIAL ST Salem, OR $ 8,825,000
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198 COMMERCIAL ST
$ 8,825,000
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198 COMMERCIAL ST

Salem, OR, 97301
$ 8,825,000
Bedrooms-- Baths-- Sq 41,472
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Property for Rent in Salem, OR

for $8,825,000. This 41,472 square foot property was built in 1956 on a lot size of 0.46.

Fully leased 41,472 sf Salem office building in one of kind location across the street from the Convention Center. Building has 3 leases with 95% of the building leased to Marion County Public Defender and State of Oregon Public Defense Fund. Interior of building had significant interior renovation between 2021-2025.

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Rental Active

Price

$ 8,825,000

Taxes

$ 87,744

Style

Office

Lot Size

0.46

Year Built

1956

Town/City

Salem

County/Region

Marion

MLS | Web ID

234489425
Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Zoning CBD
Year Built 1956
Sale Includes Building Land
Stories Count 2
Property Subtype Office
Tax Year 2025
Current Use Office
Parcel Number 589249
Gross Income 1020602.0
County Marion
Operating Expense 263832.0
Property Type CommercialSale
HOA N
Status Active
Directions Corner of Commercial St SE and Ferry across the street form Convention Center.
City Salem
MLS Area _174
Lot Size Square Feet 20037.0
Listing Terms Cash Conventional
Tax Annual Amount 87744.6
Property Condition UpdatedRemodeled
Lease Type YearsRemaining5to10 FullService
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SALEM BLOCK 34 LOT 5 FR 6 ACRES 0.46
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Exterior
Parking Features None
Water Source PublicWater
Building Area Total 41472.0
Lot Size Acres 0.46
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Internal Only
Street Number 1 198
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* Excluded Features
List By
Evans, Elder, Brown & Seubert

Broker

david@eebcre.com

Email

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/15/2026$8,825,000 Listed Price

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198 COMMERCIAL ST, Salem, OR, 97301 is a Property for Rent at $8,825,000 with 41,472 sqft and a lot size of 0.46. 198 COMMERCIAL ST was built in 1956. The property's zip code is 97301 which is in Salem, OR

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