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144 S Main St 5,150 SF 100% Leased Retail Building Independence, OR 97351 $1,000,000 ($194.17/SF)

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Executive Summary

Introducing the iconic "Belt Building" in downtown Independence, OR. This historic property, known for housing Main Street Antiques, has been meticulously restored and structurally reinforced, making it a standout investment opportunity. The fully renovated building exudes character, while the versatile ground floor space is ideal for retail, office, or food service use. Upstairs, a spacious 2-bedroom, 1-bathroom apartment with laundry facilities offers additional value. With the added bonus of an oversized 2-car garage featuring high ceilings and a restroom, this property presents a unique and versatile opportunity for investors or business owners alike. Located with frontage on Main Street, the building is directly across the street from the fountain at Riverfront Park. Listing Broker has an ownership interest in the entity that owns the property.

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OM 144 S Main St 9-25

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Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

5,150 SF

Building Class

Year Built/Renovated

1890/2020

Price

$1,000,000

Price Per SF

$194.17

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

1.15

Lot Size

0.10 AC

Zoning

MUPC - Mixed Use Pedestrian Friendly

Parking

2 Spaces (0.39 Spaces per 1,000 SF Leased)

Frontage

29’ on Main Street

Property Taxes

Parcel Number	202815	Improvements Assessment	$322,120
Land Assessment	$118,870	Total Assessment	$440,990

Property Taxes

Parcel Number

202815

Land Assessment

$118,870

Improvements Assessment

$322,120

Total Assessment

$440,990

(971) 707-4646

Contact

Peter Braunworth
Coho Commercial

Listing ID: 34117529
Date on Market: 12/7/2024
Last Updated:
Address: 144 S Main St, Independence, OR 97351

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144 S Main St, Independence, OR for sale Building Photo- Image 1 of 40 — Front

144 S Main St, Independence, OR for sale Building Photo- Image 3 of 40 — 12_Peter_Braunsworth__144_S_Main_St12_mls

144 S Main St, Independence, OR for sale Building Photo- Image 4 of 40 — 11_Peter_Braunsworth__144_S_Main_St11_mls

144 S Main St, Independence, OR for sale Building Photo- Image 5 of 40 — 13_Peter_Braunsworth__144_S_Main_St13_mls

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144 S Main St, Independence, OR for sale Building Photo- Image 11 of 40 — Reception Desk1

144 S Main St, Independence, OR for sale Building Photo- Image 12 of 40 — Reception Desk2

144 S Main St, Independence, OR for sale Building Photo- Image 13 of 40 — Reception Desk 3

144 S Main St, Independence, OR for sale Building Photo- Image 14 of 40 — Reception Desk4

144 S Main St, Independence, OR for sale Building Photo- Image 15 of 40 — Conference Space1

144 S Main St, Independence, OR for sale Building Photo- Image 16 of 40 — Conference Space2

144 S Main St, Independence, OR for sale Building Photo- Image 17 of 40 — Small Conference Space

144 S Main St, Independence, OR for sale Building Photo- Image 18 of 40 — Small Conference Space2

144 S Main St, Independence, OR for sale Building Photo- Image 19 of 40 — Individual Office1

144 S Main St, Independence, OR for sale Building Photo- Image 20 of 40 — Individual Office2

144 S Main St, Independence, OR for sale Building Photo- Image 21 of 40 — Individual Office3

144 S Main St, Independence, OR for sale Building Photo- Image 22 of 40 — Individual Office4

144 S Main St, Independence, OR for sale Building Photo- Image 23 of 40 — Restroom area

144 S Main St, Independence, OR for sale Building Photo- Image 24 of 40 — built in shelving

144 S Main St, Independence, OR for sale Building Photo- Image 25 of 40 — Restroom area

144 S Main St, Independence, OR for sale Building Photo- Image 26 of 40 — Public Restroom

144 S Main St, Independence, OR for sale Building Photo- Image 27 of 40 — Back office

144 S Main St, Independence, OR for sale Building Photo- Image 28 of 40 — Sink

144 S Main St, Independence, OR for sale Building Photo- Image 29 of 40 — Former woodstove area

144 S Main St, Independence, OR for sale Building Photo- Image 30 of 40 — Backroom

144 S Main St, Independence, OR for sale Building Photo- Image 31 of 40 — Kitchen

144 S Main St, Independence, OR for sale Building Photo- Image 32 of 40 — Kitchen

144 S Main St, Independence, OR for sale Building Photo- Image 33 of 40 — Breakroom Kitchen

144 S Main St, Independence, OR for sale Building Photo- Image 34 of 40 — Independence Oct 2023

144 S Main St, Independence, OR for sale Building Photo- Image 35 of 40 — Independence Oct 2023_1

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144 S Main St, Independence, OR for sale Building Photo- Image 38 of 40 — Independence Oct 2023_7

144 S Main St, Independence, OR for sale Building Photo- Image 39 of 40 — Independence Oct 2023_9

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