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Roth McGilcrest Building

$8,250,000

120 Liberty Street Northeast, Salem, OR 97301

Active
Last Updated: 09/03/2026

42,205 sqft

Building Size

0.48 acres

Lot Area

Details:
Building Size:    42,205 sqft
Lot Area:    0.48 acres
Description:

The Roth McGilcrest Building offers investors a turnkey, income-producing mixed-use asset in one of Salem's most sought-after addresses — combining the durability of ground-floor commercial leases with the premium rents and low turnover typical of boutique downtown residential units. Its historic character and adaptive-reuse renovation make it a standout, difficult-to-replicate asset in the downtown core.

Located in the heart of downtown Salem, The Roth McGilcrest Building offers a rare opportunity to lease space in a character-rich historic building just steps from the Capitol Mall, restaurants, and the Willamette River waterfront. Built in 1916, this two-story commercial building blends old-world charm with a functional, flexible layout — ideal for professional offices, nonprofits, and creative studios.

Map:
1 Space Available

447 State St, 447 Building

Available:
Immediately
Sublease:
No
SQFT
8,050
Lease Rate:
$1.80/sqft/mo
Lease Type:
Gross

This office space features 4 offices, a conference room, open workspace, and reception on the first floor, 5 offices on the mezzanine level and 6 offices, one large open workspace office, break room, kitchen, and conference room on the basement level.

Documents:
Title
Roth_McGilcrest_Building_Sale-Lease_Brochure.pdf
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Location
Gallery