1. Oregon
  2. Madras
  3. 15 NE 7th Street
$240,000

15 NE 7th Street, Madras, OR 97741

  • 1,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $240/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. Per city discussions, the property has potential for conversion into residential use following city codes - buyer to confirm. The 1,000sqft. building is on a corner lot with its own parking area. Subject to tenant lease; on a 1-year lease of $1,000/month. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.

Listing Status:
Active
Date Added:
July 23, 2025 at 05:00AM
Listing Office:
Tim Davis Group Central Oregon : 541-548-2400
MLS ID:
220206313
  • Flooring: CarpetVinyl
  • A/C: Heat Pump
  • Heating: Heat Pump

This listing courtesy of Tim Davis Group Central Oregon

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Madras Elementary School

215 SE 10th St, Madras, OR, 97741

Grades KG-5

0.29 miles away

J

Jefferson County Middle School

1180 SE Kemper Way, Madras, OR, 97741

Grades 6-8

1.07 miles away

M

Madras High School

390 SE 10th St, Madras, OR, 97741

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.