388 Commercial St NE, Salem, OR 97301 | MLS #841356

Listing provided courtesy of MOSAR COMMERCIAL PROPERTIESMLS# 841356

Contact Information: 971-273-7670

Highly visible retail/office/medical property building at lighted intersection of Commercial and Center. Seller would like to lease back for 5-year period with options to renew providing a 6,933 SF space for an owner occupant, plus basement storage. Great SBA loan lending option or an investment hold property.

Source: Willamette Valley MLS, MLS#: 841356

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Property Type

Commercial Sale
Lot

0.32 acres

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Median Age

33
Population Density

4,886
College Educated

25%
Estimated Median Income

$45,959
Estimated Total Home Owners

8,297
Estimated Total Renters

11,013
Owner / Renter Divide

43% / 57%
Estimated Average Household Size

3
Total Population

57,194
Community data courtesy of LiveBy, Inc.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* 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.

Life at 388 Commercial St NE

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
5/22/2026Source: Willamette Valley MLS	Added to Database	May 22, 2026
5/22/2026Source: Willamette Valley MLS	Added to Database	May 22, 2026