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Investment Highlights

  • Iconic Downtown Landmark
  • Submarket Retail Vacancy Below 1%
  • Signature Features | Stained Glass, Ornate Entrances, Original Historic Detailing
  • Recently Signed Premier Tenant - Bamboo Sushi
  • Signalized Corner Located on Bond St & Oregon Ave
  • Experienced Long-Term Management In Place

Executive Summary

The O’Kane Building is a historic multi-tenant retail and office investment property prominently located in the heart of downtown Bend, Oregon. This iconic landmark offers investors a rare opportunity to own a fully leased, architecturally significant asset with a long history of vibrant tenant occupancy and strong community presence.
Constructed in 1916 by prominent local entrepreneur Hugh O’Kane and designed by the renowned Beezer Brothers of Seattle, the O’Kane Building is listed on the National Register of Historic Places. The two-story Commercialstyle structure encompasses approximately 24,473 square feet on a prime 100’ x 140’ corner lot at the intersection of Oregon Avenue and Bond Street. Featuring distinctive Chicago School windows, leaded multi-paned transoms with the iconic stylized “Bend” art glass motif, and classical detailing, the building remains the largest historic commercial structure in downtown Bend.
The property is home to a diverse mix of ground-floor retail shops and restaurants alongside second-floor professional offices. The blend of longstanding, deeply rooted tenants alongside notable new arrivals like Bamboo Sushi speaks to the enduring demand at The O’Kane. Its prime downtown location places it at the center of Bend’s thriving tourist, dining, and shopping district, drawing consistent foot traffic from locals and visitors alike. The building has served as a cornerstone of central Oregon commerce for over
a century, originally functioning as a major retail hub and even hosting the first meetings of the Deschutes County Court.
Today, The O’Kane Building benefits from its unmatched visibility and accessibility in one of Oregon’s most dynamic markets. It occupies a central position in Bend, the fastest growing metro in the state, and its prominent location provides immediate proximity to Bend’s renowned restaurants, breweries, outdoor retailers, cultural attractions, and the scenic Deschutes River while also capitalizing on the area’s robust tourism and economic expansion.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,473 SF
Building Class
B
Year Built
1916
Price
$9,100,000
Price Per SF
$371.84
Cap Rate
6%
NOI
$545,881
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.76
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
CB
Frontage
145’ on Oregon Ave

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Bamboo Sushi began in 2008 when Kristofor Lofgren opened the world's first certified sustainable sushi restaurant in Portland, Oregon. The company pioneered environmentally responsible seafood sourcing through partnerships with the Marine Stewardship Council and Monterey Bay Aquarium. Bamboo Sushi serves contemporary Japanese cuisine featuring sushi rolls, nigiri, and small plates made with sustainable ingredients. Their business model emphasizes social responsibility and marine conservation. While starting in Portland, Bamboo Sushi now operates multiple locations across several states. The restaurant continues building its reputation on quality food and sustainability commitments.

  • Bond Street Bar & Grill
  • Services
  • -
  • -
  • -
  • -
  • Bridgewell Resources Llc
  • Wholesaler
  • -
  • -
  • -
  • -
  • Clean USA Power Inc
  • Construction
  • -
  • -
  • -
  • -
  • Clouz Houz
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Hound Creative Agency
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Ralston Architects Llc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Modified Gross
  • -

Ralston Architects is dedicated to high quality architectural services with emphasis on good design and common sense. Our team currently is composed of licensed architects, designers, an interiors designer, and administrative staff. The firm currently holds architectural licenses in Oregon, Washington, California, Arizona, Idaho, Utah, Massachusettes, Minnesota, Hawaii and Wisconsin.

  • Retailer
  • -
  • -
  • -
  • -

The Red Chair gallery Is a venue for Oregon Artists, providing opportunity for the exchange of ideas and the promotion of fine art and contemporary craft. The Red Chair gallery began in early 2010 when a group of Artists in the Bend area saw an opportunity for local artists to exhibit and sell their wares. This group of Artists consisted of potters, painters, jewelers, fiber artists, mosaic and glass artists . Once the concept was formalized, 30 Artists stepped up and became Members. Without their support the Gallery would not exist. The historic O’Kane Building located in Downtown Bend is home to the Red Chair gallery. It’s large, expansive windows and the natural light streaming into the gallery create the perfect platform for the variety of art presented. The Red Chair is owned by an Oregon Limited Liability Company, consisting of four Partners. Each Partner is also an Artist, creating a core group with the experience and hands on approach the gallery deserves.

  • The Pottery Lounge Llc
  • Retailer
  • -
  • $12.00
  • Triple Net
  • Sep 2015
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -

Vector Volcano Classic Arcade is a dedicated arcade with the best classic video arcade and pinball games of the 80's and 90's. We strive to keep our games in their original condition with bright monitors, fine tuned controls, and maintained pinballs. Our arcade is family friendly with the spirit of the 70's and early 80's arcade environment. We serve local craft beer and are open to minors at all times during normal business hours.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services - - - -
Bond Street Bar & Grill Services - - - -
Bridgewell Resources Llc Wholesaler - - - -
Clean USA Power Inc Construction - - - -
Clouz Houz Professional, Scientific, and Technical Services - - - -
Hound Creative Agency Professional, Scientific, and Technical Services - - - -
Ralston Architects Llc Professional, Scientific, and Technical Services - - Modified Gross -
Retailer - - - -
The Pottery Lounge Llc Retailer - $12.00 Triple Net Sep 2015
Arts, Entertainment, and Recreation - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 117 NW Oregon Ave
  • 2,308 SF
  • Retail
  • In-Line
  • Now

Situated at the corner of NW Bond Street and NW Oregon Avenue, this space sits at the heart of downtown Bend's most active retail corridor. Downtown Bend is home to over a hundred locally owned shops, boutiques, restaurants, and galleries — a walkable district that draws residents and visitors year-round. The corner Bond Street and Oregon Ave is one of the district's signature retail addresses, with established specialty retail, jewelry, apparel, and Bamboo Sushi anchoring consistent foot traffic throughout the day and into the evening. The intersection of Bond and Oregon Avenue is a recognized community gathering point, hosting festival and other events. The Downtown Bend Business Association actively promotes the district, and a loyal base of local shoppers is reinforced by strong tourism and seasonal visitor traffic

  • 8
  • 255 SF
  • Office
  • -
  • Now
Space Size Space Use Position Available
117 NW Oregon Ave 2,308 SF Retail In-Line Now
8 255 SF Office - Now

117 NW Oregon Ave

Size
2,308 SF
Space Use
Retail
Position
In-Line
Available
Now

8

Size
255 SF
Space Use
Office
Position
-
Available
Now

117 NW Oregon Ave

Size 2,308 SF
Space Use Retail
Position In-Line
Available Now

Situated at the corner of NW Bond Street and NW Oregon Avenue, this space sits at the heart of downtown Bend's most active retail corridor. Downtown Bend is home to over a hundred locally owned shops, boutiques, restaurants, and galleries — a walkable district that draws residents and visitors year-round. The corner Bond Street and Oregon Ave is one of the district's signature retail addresses, with established specialty retail, jewelry, apparel, and Bamboo Sushi anchoring consistent foot traffic throughout the day and into the evening. The intersection of Bond and Oregon Avenue is a recognized community gathering point, hosting festival and other events. The Downtown Bend Business Association actively promotes the district, and a loyal base of local shoppers is reinforced by strong tourism and seasonal visitor traffic

8

Size 255 SF
Space Use Office
Position -
Available Now

Exceptionally walkable
90/100
Moderately drivable
70/100
Limited public transit
30/100
Exceptionally bikeable
90/100

Nearby Major Retailers

U.S. Bank
Wells Fargo Home Mortgage
Bank of America
Beach Hut Deli
Chase Bank
Charles Schwab
Starbucks
Jazzercise
Dutch Bros
Laughing Planet

Property Taxes

Property Taxes

Parcel Number
103337
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,263,550
  • Listing ID: 41466866

  • Date on Market: 7/28/2026

  • Last Updated:

  • Address: 115-125 NW Oregon Ave, Bend, OR 97703

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