Damonian Pike

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Listing provided courtesy of MOSAR COMMERCIAL PROPERTIES- MLS# 841356MLS ProviderContact Information: 971-273-7670

388 Commercial St NESalem, OR 97301

Commercial · 13,448 Sq. ft. | 0.32 Acres
$2,900,000 ACTIVE

388 Commercial St NE Overview

Time on Site:
38 days
Visits:
5

Highly visible retail/office/medical property building at lighted intersection of Commercial and Center. Seller would like to lease back for 5-year period with options to renew providing a 6,933 SF space for an owner occupant, plus basement storage. Great SBA loan lending option or an investment hold property.

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388 Commercial St NE Facts & Features

  • Type Commercial
  • Sq. ft. 13,448
  • Price/Sq.ft. $216
  • Lot 0.32 Acres

Details

General

Building Information

  • Year Built: 1911

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: 20 CENTRAL SALEM

Tax Information

  • Tax Annual Amount: 155563

General Information

  • Property Sub Type: Retail
  • Property Type: Commercial

Interior

General Information

  • Basement: Partial
  • Foundation Details: Continuous
  • Heating: Forced Air,Gas
  • Living Area: 13448

Exterior

Lot Information

  • Lot Size Acres: 0.32
  • Lot Size Square Feet: 13760
  • Water Source: City

General Information

  • Sewer: City

388 Commercial St NE Neighborhood

Community

97301 (Salem) Demographics

33
Median Age
4,886
Population Density (per sq. mile)
25%
College Educated
$45,959
Estimated Median Income
8,297
Estimated Total Home Owners
11,013
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

388 Commercial St NE Market Data

Based on the last 30 days in this zip code

$419,197
Average List Price
$258
Average Price per Square Foot
59
Properties Sold
70
Average Days on Market
246
Properties for Sale
Calculations provided by Reliance Network

388 Commercial St NE History

Date Event Value Agent
5/22/2026Source: Willamette Valley MLS Added to Database
May 22, 2026
5/22/2026Source: Willamette Valley MLS Added to Database
May 22, 2026