Madras at Commercial St SE, Salem, OR 97306 | MLS #824520 | Cascade Hasson Sotheby’s International Realty

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Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIVMLS# 824520MLS ProviderContact Information: Agent: 503-587-4777
  • 529 days on site
  • 5 views

Sought after 1.21 gross acres on the corner of Madras and Commercial St SE - high visibility near a signalized intersection.Site has a SW slope and contains fill from the adjacent site, the Buyer to complete due diligence of the use and removal of the fill. South Salem is being redeveloped with new businesses and moremultifamily housing. The site is part of the South Gate OverlayZone.

Source: Willamette Valley MLS, MLS#: 824520

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  • Property Type
    Land
  • Lot
    1.21 acres

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  • Median Age
    38
  • Population Density
    969
  • College Educated
    51%
  • Estimated Median Income
    $71,775
  • Estimated Total Home Owners
    8,289
  • Estimated Total Renters
    4,098
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    3
  • Total Population
    32,741
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
7/31/2025Source: Willamette Valley MLS Price Reduction
$1,074,000 -3.7%
1/16/2025Source: Willamette Valley MLS Added to Database
January 16, 2025