1560 NE 1st Street, Bend, OR 97701
$2,430,000
Property Type:
Commercial Sale
Square Footage:
17,640
Lot Size (sq. ft.):
39,640
Status:
Closed
Current Price:
$2,430,000
List Date:
7/21/2026
Last Modified:
9/14/2026
Overview
Description
Listing Details MLS# 220225719
General Property Information
- Building Area Total
- 17640
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- Yes
- Year Built
- 1974
- New Construction YN
- No
- Zoning
- ME
- Tax Annual Amount
- 12497.37
- Tax Year
- 2025
- CC&R's YN
- No
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Common Walls:
No Common Walls
Cooling:
Zoned
Flooring:
Concrete
Foundation Details:
Slab
Heating:
Zoned
Levels:
One
Roof:
Membrane
Utilities:
Electricity Connected; Natural Gas Connected; Phone Available
Parking Features:
Asphalt
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1560
- Street Dir Prefix
- NE
- Street Name
- 1st
- Street Suffix
- Street
- County
- Deschutes
- State
- OR
- Postal Code
- 97701
- Subdivision Name
- N/A
Contract Information
- Original List Price
- 2550000
- Listing Contract Date
- 2026-07-20
Remarks and Miscellaneous
- Public Remarks
- 1560 NE 1st Street offers the opportunity to acquire a well-established, multi-tenant industrial investment in Bend's Midtown commercial district. Priced at just $144.56 per square foot, the property represents exceptional value for a fully leased industrial asset in Bend. The building includes 14 industrial suites totaling approximately 17,640 square feet, with eight 1,200-square-foot units and six 1,340-square-foot units. This small-bay configuration supports a diverse tenant mix and has historically maintained very low vacancy. The property is fully leased and currently generates $18,373 in gross monthly rental income. At a 6.56% capitalization rate, the asset provides immediate cash flow with additional value-add potential through professional property management, strategic renewals, and adjustments toward current market rents.
Status Change Information
- Close Date
- 2026-09-11
- Under Contract Date
- 2026-08-03
- Status Change Timestamp
- 2026-09-14
- Close Price
- 2430000
- Sold Price per SqFt
- 137.76
More Information
Currently Not Used
- List Price per SqFt
- 144.56
Business Details
- Business Included?
- No
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 14
Listing Office:
Compass Commercial Real Estate
Last Updated: September - 14 - 2026
Information deemed reliable but not guaranteed.