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216-222 Commercial St NE 5,900 SF 75% Leased Retail Building Salem, OR 97301 $1,190,000 ($201.69/SF)
Executive Summary
Building has 3 separate tenant spaces with space 216 on the street level being connected to space 222 on the second floor via a stairwell. Past tenants include a beauty salon, men's clothing store, clothing resale shop, high-end jeweler, and an architectural office.
Current tenant in 216 and 222 is a co-working office. Space 220 is currently vacant. Building will be vacant on August 1.
Perfect for an owner/user!
Property Facts
Amenities
- 24 Hour Access
- Conferencing Facility
- Skylights
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
DOWNTOWN SALEM RETAIL/OFFICE SPACE AVAILABLE FOR LEASE! Located on Commercial St. and Court St. in downtown Salem. Perfect for a small business office or retail shop. NNN Lease: Tenant to pay proportionate share of property taxes, property insurance, common area maintenance. Utilities (gas and electricity) are separately metered. Currently estimated at $435/month. 3% annual rent escalations. Month-to-month lease with 60 days notice to vacate.
DOWNTOWN SALEM RETAIL/OFFICE SPACE AVAILABLE FOR LEASE! Located on Commercial St. and Court St. in downtown Salem. Perfect for a small business office or retail shop. NNN Lease: Tenant to pay proportionate share of property taxes, property insurance, common area maintenance. Utilities (gas and electricity) are separately metered. Currently estimated at $411.46/month. 3% annual rent escalations. Month-to-month lease with 60 days notice to vacate.
DOWNTOWN SALEM RETAIL/OFFICE SPACE AVAILABLE FOR LEASE! Located on Commercial St. and Court St. in downtown Salem. Perfect for a small business office or retail shop. Space has two ADA restrooms. NNN Lease: Tenant to pay proportionate share of property taxes, property insurance, common area maintenance. Utilities (gas and electricity) are separately metered. Currently estimated at $870/month. 3% annual rent escalations. Month-to-month lease with 60 days notice to vacate.
| Space | Size | Space Use | Position | Available |
| 216 | 1,500 SF | Office/Retail | - | Jul 2026 |
| 220 | 1,400 SF | Office/Retail | - | Jul 2026 |
| 222 | 3,000 SF | Office/Retail | - | Jul 2026 |
216
| Size |
| 1,500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Jul 2026 |
220
| Size |
| 1,400 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Jul 2026 |
222
| Size |
| 3,000 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Jul 2026 |
216
| Size | 1,500 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Jul 2026 |
DOWNTOWN SALEM RETAIL/OFFICE SPACE AVAILABLE FOR LEASE! Located on Commercial St. and Court St. in downtown Salem. Perfect for a small business office or retail shop. NNN Lease: Tenant to pay proportionate share of property taxes, property insurance, common area maintenance. Utilities (gas and electricity) are separately metered. Currently estimated at $435/month. 3% annual rent escalations. Month-to-month lease with 60 days notice to vacate.
220
| Size | 1,400 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Jul 2026 |
DOWNTOWN SALEM RETAIL/OFFICE SPACE AVAILABLE FOR LEASE! Located on Commercial St. and Court St. in downtown Salem. Perfect for a small business office or retail shop. NNN Lease: Tenant to pay proportionate share of property taxes, property insurance, common area maintenance. Utilities (gas and electricity) are separately metered. Currently estimated at $411.46/month. 3% annual rent escalations. Month-to-month lease with 60 days notice to vacate.
222
| Size | 3,000 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Jul 2026 |
DOWNTOWN SALEM RETAIL/OFFICE SPACE AVAILABLE FOR LEASE! Located on Commercial St. and Court St. in downtown Salem. Perfect for a small business office or retail shop. Space has two ADA restrooms. NNN Lease: Tenant to pay proportionate share of property taxes, property insurance, common area maintenance. Utilities (gas and electricity) are separately metered. Currently estimated at $870/month. 3% annual rent escalations. Month-to-month lease with 60 days notice to vacate.
Nearby Major Retailers
Property Taxes
| Parcel Number | 589224 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $281,150 |
Property Taxes
