500 NW Cherry Lane, Madras, OR 97741
$1,550,000
Property Type:
Commercial Sale
Square Footage:
3,000
Lot Size (sq. ft.):
219,542
Status:
Closed
Current Price:
$1,550,000
List Date:
4/13/2026
Last Modified:
9/16/2026
Overview
Description
Listing Details MLS# 220219163
General Property Information
- Building Area Total
- 3000
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 3
- Year Built
- 2019
- New Construction YN
- No
- Zoning
- AD - AirportDev
- Tax Annual Amount
- 22542.77
- Tax Year
- 2025
- Potential Tax Liability YN
- No
- Assessment YN
- No
- CC&R's YN
- Yes
- Preferred Escrow Company & Officer
- Western Title
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Additional Features:
3 Phase Electric; ADA Comply; Bath Common Area; Kitchen; Office Space
Common Walls:
No Common Walls
Construction Materials:
Steel Frame
Cooling:
Central Air; None
Flooring:
Carpet; Concrete; Vinyl
Foundation Details:
Slab
Heating:
Forced Air; Natural Gas
Levels:
Two
Roof:
Metal
Security Features:
Fire Sprinkler System
Existing Lease Type:
Month To Month
Business Type (AKA Sub Type):
Agriculture; Industrial
Easements:
Other
Exterior Features:
Rail Spur
Flood:
Unknown
Utilities:
Electricity Connected; Natural Gas Connected; Phone Connected
Government Overlay:
Airport Zone
Lot Features:
Fenced; Level
Miscellaneous Information:
Overhead/Dock Doors
Parking Features:
Gravel; Other
Structure Type:
Industrial
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 500
- Street Dir Prefix
- NW
- Street Name
- Cherry
- Street Suffix
- Lane
- County
- Jefferson
- State
- OR
- Postal Code
- 97741
- Subdivision Name
- N/A
Contract Information
- Original List Price
- 2100000
- Listing Contract Date
- 2026-04-13
Remarks and Miscellaneous
- Public Remarks
- Modern Industrial/Ag buildings. 16400 square foot building includes multiple offices, conference room, reception and two +/- 4800 square foot industrial suites. Also includes some second floor semi-finished storage areas. 5 large grade level roll up doors. Additional scale and scale house and large outdoor storage building (no heat) plastic skin metal frame concrete bunks. Was formerly a fertilizer distribution center, could have many uses going forward. In the Airport Development zone, allowing many agricultural and industrial uses. Owner leases adjacent property from City of Madras for rail spur access and additional yard area. New owner can negotiate similar lease| with the City if desired.
- Directions
- From US 26 west on Cherry Lane, property on right after RR tracks.
- Leased Components
- Adjacent lot is leased from City of Madras for rail spur access/additional yard area. Lease can be negotiated with City.
Status Change Information
- Close Date
- 2026-09-15
- Under Contract Date
- 2026-07-08
- Status Change Timestamp
- 2026-09-16
- Close Price
- 1550000
- Sold Price per SqFt
- 516.67
More Information
Currently Not Used
- List Price per SqFt
- 700
Business Details
- Business Included?
- No
Miscellaneous Information
- Backup Package Available
- Yes
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 40
Listing Office:
RE/MAX Key Properties
Last Updated: September - 16 - 2026
Information deemed reliable but not guaranteed.