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Listing provided courtesy of KITHKIN REAL ESTATE: 503-400-7730.

725 Shipping NE

Salem, OR 97301
  • $1,000,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 825699
UPDATED: 49 min ago
$1,000,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,260
    SQFT
  • $97
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Listing provided courtesy of KITHKIN REAL ESTATE: 503-400-7730. Listing information © 2025 Willamette Valley Multiple Listing Service



Description

Mixed-Used (MU-II) zoning has opened up many possibilities for this property. The 5,170 square-foot second story houses a ballroom, restrooms, full bar, kitchen, and storage. The 5,090 square-foot main level contains a "lounge", full bar, offices, kitchen, dining area, restrooms, and meeting rooms. A fenced and graveled storage yard could be used for parking, outdoor dining, food trucks, or new construction. Ideas for the existing building include a 12-unit apartment building (site plan has been approved), microbrewery or taphouse, coffee, event center, restaurant, bar, etc. The ballroom is still regularly being used, but the building will require significant improvements to utilize all areas. The Seller is open to a traditional sale and also is open to discussing creative partnerships or development ideas.

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Willamette Valley MLS logo © 2025 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2025-04-20T15:08:43.25.
www.willamettevalleyhouses.com/homes/160719263
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725 Shipping NE Salem, OR 97301

  • Price: $1,000,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 49 min ago
  • MLS #: 825699
0
Beds
0
Baths
0
½ Baths
0.24
Acres
10,260
SQFT
$97
$/SQFT
1950
Built
Neighborhood:
20 CENTRAL SALEM
County:
Marion
Area:
20 CENTRAL SALEM
Property Description
Mixed-Used (MU-II) zoning has opened up many possibilities for this property. The 5,170 square-foot second story houses a ballroom, restrooms, full bar, kitchen, and storage. The 5,090 square-foot main level contains a "lounge", full bar, offices, kitchen, dining area, restrooms, and meeting rooms. A fenced and graveled storage yard could be used for parking, outdoor dining, food trucks, or new construction. Ideas for the existing building include a 12-unit apartment building (site plan has been approved), microbrewery or taphouse, coffee, event center, restaurant, bar, etc. The ballroom is still regularly being used, but the building will require significant improvements to utilize all areas. The Seller is open to a traditional sale and also is open to discussing creative partnerships or development ideas.
Exterior Features

Building1 Info "Ballroom" Occupancy / "Lounge" Occupancy Fenced Yes Foundation Slab Frontage Feet 240 Railroad No Roof Other (Refer to Remarks) Siding Other (Refer to Remarks)

Property Features

Assessments Or Liens No Commercial Type Retail Confidentiality Agreement Required No Cross Street Cottage St NE Flood Plain No High Speed Comm Access Available Inclusions Personal Property New Construction No Owner Managed Yes Owner Occupied No Possession COE Property Name Knights of Columbus Property Use Type Any Use-All the Following Sewer City Source Of Square Feet Fee Suitable For Office Institutional/GovMedical OfficeOffice BuildingOffice-R&DOffice-Warehouse Suitable For Shopping Center Community CenterTheme/Festival Center Tax Amount 9815 Tax Years 24-25 Tenancy MultipleSingle Terms Seller Will Consider CashConventional Water CityConnected Zoning MU-II

© 2025 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2025 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2025-04-20T15:08:43.25.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of KITHKIN REAL ESTATE: 503-400-7730. Listing information © 2025 Willamette Valley Multiple Listing Service