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118 NE 4th St 118-120 NE 4th St 9,684 SF Vacant Office Building Mcminnville, OR 97128 $1,500,000 ($154.89/SF)
INVESTMENT HIGHLIGHTS
- Large event space with high ceilings
- Sewer connection to 4th St
- Vaulted ceiling in the East End Suite
- Can be divided into two suites
- 7-Year old metal roofs & new exterior paint in 2021
- Approval for assembly for the East End Suite
EXECUTIVE SUMMARY
Commercial building in downtown McMinnville including office and event space. It is divided into two suites (divided with fire wall separation), and a buyer has the option to occupy one or both. Each suite is separately metered and has 3-phase / 200 amp service. The most recent tenant, a church, vacated in September of 2025.
The East End is an open event space, previously used as a church sanctuary.
The West End includes offices of various sizes, a lobby, two multi-stall bathrooms, and a commercial kitchen with an 8 ft fume hood and a floor drain.
The property does not include parking, but the current church user has an agreement with nearby businesses to use their parking lots on
weekends.
The East End is an open event space, previously used as a church sanctuary.
The West End includes offices of various sizes, a lobby, two multi-stall bathrooms, and a commercial kitchen with an 8 ft fume hood and a floor drain.
The property does not include parking, but the current church user has an agreement with nearby businesses to use their parking lots on
weekends.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,684 SF
Building Class
B
Year Built
1975
Price
$1,500,000
Price Per SF
$154.89
Percent Leased
Vacant
Building Height
2 Stories
Typical Floor Size
4,842 SF
Building FAR
1.31
Lot Size
0.17 AC
Zoning
C-3 Commercial - Retail, restaurant, event, hospitality, office, some multifamily, some industrial
Parking
10 Spaces (1.03 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 150936 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $420,398 |
PROPERTY TAXES
Parcel Number
150936
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$420,398
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118 NE 4th St | 118-120 NE 4th St
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