$1,074,000
$41K PRICE DROP

0 Madras at Commercial St SE Salem, OR 97306

South Gateway Neighborhood

Estimated payment $6,796/month

Total Views 9,769
1.21 Acres
$887,603 Price per Acre
52,708 Sq Ft Lot

About This Lot

Sought after 1.21 gross acres on the corner of Madras and Commercial St SE - high visibility near a signalized intersection.Site has a SW slope and contains fill from the adjacent site, the Buyer to complete due diligence of the use and removal of the fill. South Salem is being redeveloped with new businesses and moremultifamily housing. The site is part of the South Gate OverlayZone.

Listing Agent

Alex Rhoten

COLDWELL BNKR/COMMERCIAL DIV License #841000042 Listed on: 12/10/2024

COLDWELL BNKR/COMMERCIAL DIV

Co-Listing Agent

Kelsi Sands

COLDWELL BNKR/COMMERCIAL DIV License #201224830

Property Details

Property Type

  • Land

Lot Details

  • 1.21 Acre Lot
  • Property is zoned MU-1

Schools

  • Battlecreek Elementary School

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Commercial Land
  • Syndicated Remarks: Sought after 1.21 gross acres on the corner of Madras and Commercial St SE - high visibility near a signalized intersection.Site has a SW slope and contains fill from the adjacent site, the Buyer to complete due diligence of the use and removal of the fill. South Salem is being redeveloped with new businesses and moremultifamily housing. The site is part of the South Gate OverlayZone.
  • Cross Street: Madras
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 887603.31

Schools

  • Elementary School: Battlecreek

Lot Info

  • Acres: 1.21
  • Price Per Acre: 887603.31
  • Zoning: MU-1
  • Approved for Manufactured Home: Unknown
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: 523721 See Notes

MLS Schools

  • Elementary School: Battlecreek

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $1,074,000 -3.7% --
12/10/2024 12/10/24 For Sale $1,115,000 -- --
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 824520

Willamette Valley MLS
Oregon Marion County Salem 97306 South Gateway

0 Madras at Commercial St SE, Salem, OR

This home is located at 0 Madras at Commercial St SE, Salem, OR 97306 and is currently priced at $1,074,000. 0 Madras at Commercial St SE is a home located in Marion County with nearby schools including Battle Creek Elementary School, Judson Middle School, and Sprague High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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. WVMLS Member Broker: Arlene Richardson

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Alex Rhoten
Listing Agent
Alex Rhoten
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COLDWELL BNKR/COMMERCIAL DIV
(971) 287-5452