198 Commercial St, Salem, OR, 97301

$8,825,000

198 Commercial St, Salem, OR 97301

For Sale

Office

Active

Last Updated: 06/17/2026

Details:

Building Size: 41,472 sqft

Lot Area: 19,883 acres

Year Built: 1956

MlsNumber: 840891

Offered by Broker

Corey Clark

North Homes Realty

Request Info to Unlock

Highlights:

Annual Tax: $ 87745.0
Heating Type: Heat Pump

Description:

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, Attractive 8% CAP Rate 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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