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63444 Highway 237 85 Acres of Commercial Land Offered at $40,000,000 in La Grande, OR 97850

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INVESTMENT HIGHLIGHTS

  • Located just 1/4 mile from Island City and La Grande, offering convenient access to local services and amenities.
  • Zoned agricultural in a pro-growth county, making future development and rezoning more feasible.
  • Flat, usable 85-acre parcel with two homes, a large shop, and proximity to city water and sewer connections.
  • Near Amazon’s distribution center, presenting potential opportunities for employee housing.

EXECUTIVE SUMMARY

Located just 1/4 mile from Island City and La Grande, this 85-acre parcel offers direct access to city infrastructure and sits within a county supportive of growth and development. With two existing homes, a large shop, and flat terrain, it’s well-suited for a residential subdivision or senior housing. The property borders a golf course and is minutes from a hospital and university, making it a practical choice for builders seeking a well-located development site.

PROPERTY FACTS

Price $40,000,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hold For Development
  • Single Family Development
Total Lot Size 85.00 AC
No. Stories 1
Opportunity Zone Yes
Zoning A1 - Agriculture

1 LOT AVAILABLE

Lot

Price $40,000,000
Price Per AC $470,588.24
Lot Size 85.00 AC

This 85-acre flat, usable parcel near Island City and La Grande, Oregon, features two homes, a large shop, nearby utilities, and stunning mountain views.

DESCRIPTION

This 85-acre parcel features flat, usable land with mountain views and mature trees. Located just 1/4 mile from Island City and La Grande, Oregon, the property is currently zoned agricultural in a pro-growth county. It includes two homes, a large shop, and is near city water and sewer connections. The land borders a golf course and offers easy access to nearby medical facilities and Eastern Oregon University. Suitable for residential subdivision or senior living development.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03S38-601-0-107
Land Assessment
$77,403
Improvements Assessment
$169,350
Total Assessment
$246,753
  • Listing ID: 35930041

  • Date on Market: 5/21/2025

  • Last Updated:

  • Address: 63444 Highway 237, La Grande, OR 97850

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