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$699,000
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Property Description
Own the historical crown jewel of Oakland, previous home of Tolly's Restaurant and Soda Fountain! Clientele from all over the nation have loved dining in this iconic establishment for years and years. Boasting a flexible layout, this space is perfectly suited for a variety of ventures, including a restaurant, soda shoppe, event venue, retail space, or wine tasting room in the famous Umpqua Valley wine region. With its central location and abundance of character, this property invites creativity and promises to be the cornerstone of unforgettable experiences. Great outdoor, pavered, gated courtyard with brick columns and wrought iron fencing offers opportunities for expanded seating, events or simply enhancing the overall atmosphere of the establishment.Enjoy the charm of yesteryear by owning this famous brick building, which is a county landmark! Please call for you private tour today!
Full Property Details
Full Property Details for 115 NE Locust St
General
- Price: $699,000
- Taxes: $3,937 (2023)
- Status: Active
- Type: Commercial Service
- Source: RWMLS
- MLS ID: 24108254
- Updated: 11/5/2025
- Added to Site: 644 day(s) ago
Additional Information
- Equipment: Fixtures, Furniture
Parking
- Parking Features: On Street
Location
- County: Douglas
- Driving Directions: I-5 to Oakland Exit 138/Stearns to Railroad tracks/ L on SE First to Locust
Community
- Community Name: 256 - Douglas Co: Sutherlin/north of Roseburg
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Construction: Brick
- Roof: Built-Up
- Stories/Levels: 2
- Square Feet: 5,764
- Current Bldg. Use: Food Service, Restaurant, Retail
- Year Built: 1890
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,018
- Lot Size: 10, 000 to 14, 999 SqFt
- Frontage: Paved
Financial Considerations
- Tax Amount: $3,937.67
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial Photo, Plot - Plat Map
- Legal Description: OAKLAND R R ADD, BLOCK 14, LOT W1/2 3 & 4 PTS 1 & 2, ACRES 0.18
- Property ID: R32275
Listed by RE/MAX Integrity (541) 673-3272, Jennifer Kramer (541) 580-6767
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Schools
Schools serving 115 NE Locust St
School District:Oakland School District 1
| Name | Grades | Distance |
|---|---|---|
Oakland Elementary School 499 Northeast Spruce Street, Oakland, OR 97462 | K-4 | 0.4 mi |
Lincoln Middle School, Oakland, OR 931 Old Town Loop Road, Oakland, OR 97462 | 5-8 | 0.5 mi |
Oakland High School 521 Northeast Spruce Street, Oakland, OR 97462 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 NE Locust St
Date
Details
Price
Change
Source
4/29/2025
Price Reduced
$699,000
-6.68%
MLS
4/17/2024
Listed
$749,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115 NE Locust St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,856
9%
$189,540
3%
2023
$2,618
3%
$184,020
6%
2021
$2,547
—
$173,458
—
2022
$2,542
—
$173,458
3%
2021
$2,547
6%
$168,406
3%
2019
$2,407
3%
$163,501
3%
2018
$2,339
—
$158,739
3%
2017
$2,335
3%
$154,116
3%
2016
$2,267
7%
$149,628
3%
2015
$2,121
3%
$145,270
3%
2014
$2,058
3%
$141,039
3%
2013
$1,998
—
$136,932
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 NE Locust St
115 NE Locust St, Oakland, OR 97462 (MLS# 24108254) is a Commercial Service property. 115 NE Locust St is currently listed for $699,000 and was received on April 17, 2024. Want to learn more about 115 NE Locust St? Do you have questions about finding other Commercial Service real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

