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Salem's Historic Grand

$4,575,000

181-195 High St NE, Salem, OR 97301

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Last Updated: 05/16/2025

38,450 sqft

Building Size

0.53 acres

Lot Area

Details:
Building Size:    38,450 sqft
Lot Area:    0.53 acres
Class:    B
Year Built:    1900
Floors:    3
Highlights:
  • 38,450 SF on 0.50 ac
  • Built in 1900
  • Sale price: $4,575,000
Description:

Built in 1900, Salem's Historic Grand consists of 38,450 SF of office, retail, theatre, restaurant and event spaces. Historically known as the Chemeketa Lodge No 1, Odd Fellows Building and now the Historic Grand, the central location has been a central meeting hub for gathering for over a century in Salem.
Current owners have invested about $2.5 million in infrastructure updates and theatre upgrades.
To review full financial package, email team@hancockre.com to sign Confidentiality Agreement.

Situated on the corner of High St NE and Court St NE, this property is the transition point between public and private business in Salem's downtown core. The property boasts traffic counts at 7,870 VPD and a vibrant tenant-mix.

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Documents:
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Lease Brochure
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Flyer_-_Full_Package_-_Salem_s_Historic_Grand_-_6.17.24.pdf
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Today's Available Mortgage Rates

181-195 High St NE, Salem, Oregon 97301

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 08/08/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$16,444 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $2,562,000 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$16,351 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $2,516,250 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$16,506 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $2,516,250 Loan Amount
Details
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