1820 US-97, Madras, OR 97741
$3,500,000
Property Type:
Commercial Sale
Square Footage:
8,770
Lot Size (sq. ft.):
767,527
Status:
Active
Current Price:
$3,500,000
List Date:
4/18/2025
Last Modified:
7/14/2025
Overview
Description
Listing Details MLS# 220199891
General Property Information
- Building Area Total
- 8770
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 4
- Year Built
- 1975
- New Construction YN
- No
- Zoning
- MUE
- Tax Annual Amount
- 8572.26
- Tax Year
- 2024
- Potential Tax Liability YN
- No
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Chicago Title Shelley Bolfik
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Additional Features:
Common Area; Kitchen; Laundry Facility; Manager's Quarters; Office Space; Separate Electric Meters; Separate Gas Meters; Separate Water Meters
Common Walls:
No Common Walls
Construction Materials:
Frame
Cooling:
Central Air; Ductless
Flooring:
Carpet; Concrete; Laminate; Vinyl
Foundation Details:
Concrete Perimeter; Slab; Stemwall
Heating:
Ductless; Forced Air; Natural Gas
Interior Features:
High Speed Internet; Laminate Counters; Wired for Data
Levels:
One
Roof:
Composition; Metal
Security Features:
Carbon Monoxide Detector(s); Smoke Detector(s)
Window Features:
Aluminum Frames; Vinyl Frames
Business Type (AKA Sub Type):
Agriculture; Animal Grooming; Appliances; Arts and Entertainment; Athletic; Auto Service; Bakery; Bar/Tavern/Lounge; Butcher; Car Wash; Carpet/Tile; Child Care; Church; Clothing; Construction/Contractor; Convenience Store; Dance Studio; Deli/Catering; Dental; Distribution; Drugstore; Dry Cleaner; Education/School; Fast Food; Financial; Fitness; Florist/Nursery; Food & Beverage; Gas Station; Grocery; Hardware; Hobby; Hospitality; Ice Cream/Frozen Yogurt; Income/Investment; Industrial; Jewelry; Landscaping; Laundromat; Liquor Store; Locksmith; Manufacturing; Mixed; Music; Nursing Home; Printing; Professional Service; Professional/Office; Real Estate; Research & Development; Restaurant; Retail; Shopping Center; Sporting Goods; Storage; Transportation; Travel; Utility; Warehouse; Other
Flood:
Unknown
Utilities:
Cable Connected; Electricity Connected; Fiber Optics Available; Natural Gas Connected; Phone Connected
Lot Features:
Corner Lot; Fenced; Level; Pasture; Sloped
Other Structures:
Barn(s); RV/Boat Storage; Storage; Workshop
Parking Features:
Asphalt; Driveway; Gated; Gravel; Heated Garage; Parking Lot; RV Access/Parking; RV Garage; Storage; Workshop in Garage
Patio and Porch Features:
Deck
Road Frontage Type:
Shared Access
Road Surface Type:
Paved
Structure Type:
House; Mixed Use; Office; Retail; Warehouse
View:
Territorial
Power Production:
Hydro
Sewer:
Septic Tank
Water Source:
Public; Water Meter
Documents on File:
Environment Report; Seller Disclosure
Listing Terms:
Cash; Conventional; Owner Will Carry; Private Financing Available
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1820
- Street Name
- US-97
- County
- Jefferson
- State
- OR
- Postal Code
- 97741
Contract Information
- Original List Price
- 3500000
- Listing Contract Date
- 2025-04-17
Remarks and Miscellaneous
- Public Remarks
- ATTENTION INVESTORS! 17.62 Ac of MUE with amazing location at the corner of Colfax and US 97 and hwy 26 with an average daily vehicle count of over 17,000. Total of 2 parcels (1.19ac & 16.43ac) annexed into the city of Madras and sewer main is near the property line, This property is a huge opportunity. Property use includes Large retail complex or Travel Center, or Hotel or light manufacturing or vehicle dealership or ? Total of 8,770sq.ft. and includes the following: 2,217sq.ft. house, 1248sq.ft. Shop, 3,455sq.ft. Retail Store / Showroom, 1,850sq.ft. 3 bay finished shop. the larger property is currently used as residential and the smaller piece is used as MUE Commercial. All property can be used as MUE. Call your agent for the backup package and showing. Seller will also sell the parcels separately.
- Directions
- Property is located on the corner of Colfax and US 97 and HWY 26
Status Change Information
- Status Change Timestamp
- 2025-04-18
More Information
Currently Not Used
- List Price per SqFt
- 399.09
Business Details
- Business Included?
- No
Miscellaneous Information
- # of Grade Level Doors
- 5
- Backup Package Available
- Yes
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 50
- # of Carports
- Yes
Listing Office:
eXp Realty, LLC
Last Updated: July - 14 - 2025
Broker Attribution:
503-915-8271
Information deemed reliable but not guaranteed.