10208 N MCALISTER RD
Island City, OR, 97850 $ 1,375,000
Bedrooms-- Baths-- Sq 5,559 Monthly Estimate*
$ 8,682
for $1,375,000. This 5,559 square foot building was built in 1925 on a lot size of 4.04.
Commercial investment opportunity featuring a 17-space manufactured home park, two detached single family homes, a classic barn, and 4.04 commercially zoned acres with room for future development. Situated along N. McAlister Road/Highway 82 (Wallowa Lake Highway), this highly visible property benefits from consistent traffic traveling between La Grande and the communities of Imbler, Summerville, Elgin, Wallowa County, and Wallowa Lake. With two access points, excellent frontage, and outstanding exposure, the property is well positioned for its current income-producing use and future development. The two homes add flexibility and additional revenue potential. The primary residence is a spacious three bedroom, two bath home featuring a comfortable floor plan, enclosed wraparound porch, detached garage, and an expansive unfinished basement with abundant space for storage, hobbies, recreation, or future finishing. The second home is a remodeled two bedroom, one bath residence with a partially finished basement and an adjacent classic barn. Together, the homes are well suited for owner occupancy, an on site manager, or additional rental income. Mature shade trees, generous open space, and well maintained improvements give the property an established feel that is uncommon for an investment of this kind. The combination of the manufactured home park, two residences, and additional commercial acreage creates multiple income streams while providing room for future expansion or redevelopment, subject to buyer due diligence. Whether you're looking to expand your investment portfolio, operate an established income producing property with on-site living, or capitalize on the potential of one of the area's most visible commercial corridors, this property presents a rare opportunity with immediate cash flow and long-term upside. Call today for more information! *Lot lines are approximate*
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FeaturesGeneralSewer Cesspool PublicSewer
Heating ForcedAir Other WoodStove
Roof Metal Tile
Zoning IC-C1
Construction Materials ShakeSiding Stucco
Year Built 1925
Sale Includes Building Land Other
Property Subtype MobilePark
Tax Year 2025
Current Use MultiFamily Other RVParking
Parcel Number 4305 4306
Gross Income 104160.0
County Union
Operating Expense 27031.0
Property Type CommercialSale
HOA N
Status Active
Directions Island Avenue -> N Mcalister
City IslandCity
MLS Area _440
Lot Size Square Feet 175982.0
Listing Terms Cash Conventional
Tax Annual Amount 6483.0
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 02S3834-CD-00400 02S3834-CD-00200 02S3834-CD-00100
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ExteriorParking Features Covered OnSite
Water Source PublicWater
Number of Buildings 4
Building Area Total 5559.0
Lot Size Acres 4.04
Road Surface Type Other Paved
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* Excluded FeaturesList ByHigh Country Realty ProfessionalsBroker
Affordability Calculator
- Monthly Principal & Interest
- $8,682
- Monthly Property Taxes
- $540
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Island City, OR
Average List Price $962,500
Percent of Sale Price 30%
About Island City, OR 961 Population
11% Since 2002
$ 48,217 Median Income
41.93 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/24/2026 | $1,375,000 | | Listed Price |