1555 S Hwy 97, Redmond, OR 97756
$3,050,000
Property Type:
Commercial Sale
Square Footage:
6,523
Lot Size (sq. ft.):
31,799
Status:
Closed
Current Price:
$3,050,000
List Date:
7/22/2024
Last Modified:
2/10/2026
Overview
Description
Listing Details MLS# 220186834
General Property Information
- Building Area Total
- 6523
- Building Area Source
- Builder
- Building Area Units
- Square Feet
- # of Units Total
- 2
- Year Built
- 1978
- New Construction YN
- No
- Zoning
- C1
- Tax Annual Amount
- 25945.07
- Tax Year
- 2023
- CC&R's YN
- No
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Common Walls:
No Common Walls
Construction Materials:
Brick
Cooling:
Central Air
Flooring:
Laminate; Vinyl
Foundation Details:
Slab
Heating:
Forced Air
Levels:
One
Roof:
Composition; Membrane
Existing Lease Type:
NNN
Business Type (AKA Sub Type):
Dental; Medical
Tenant Pays:
Common Area Maintenance; Insurance; Interior Maintenance; Taxes
Easements:
Access
Utilities:
Electricity Connected; Natural Gas Connected; Phone Connected
Parking Features:
Concrete
Road Frontage Type:
Easement
Road Surface Type:
Paved
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
APOD; Rental Agreement
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1555
- Street Dir Prefix
- S
- Street Name
- Hwy 97
- County
- Deschutes
- State
- OR
- Postal Code
- 97756
Contract Information
- Original List Price
- 3050000
- Listing Contract Date
- 2024-07-22
Remarks and Miscellaneous
- Public Remarks
- Beautifully redeveloped medical building. Recipient of the Building a Better Central Oregon Award in 2020. Fully-leased by national credit tenants Intendent/Gentle Dental and Community Care Partners/BestMed. Prominent location with excellent highway exposure. Excess land (see zoning) and ample on-site parking. Located in Redmond, OR, ranked #5 on Miliken Institute's 2023 Best Performing Cities list.
Status Change Information
- Close Date
- 2025-03-17
- Under Contract Date
- 2024-11-14
- Status Change Timestamp
- 2025-03-18
- Close Price
- 3050000
- Sold Price per SqFt
- 467.58
More Information
Currently Not Used
- List Price per SqFt
- 467.58
Unit 1
- Tenant Name
- Gentle Dental
Unit 2
- Tenant Name
- BestMed
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Cap Rate Basis
- Current
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 60
Listing Office:
NAI Cascade
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.