Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$8,000,000 -$825,000 (-9.35%) Price Reduced

  • For Sale
  • Active
  • Office
  • Updated 1 day ago
See This Home
Save This Home
See This Home
Save This Home
Fully leased 41,472 sf Salem office building in one of kind location across the street from the Convention Center. Building has 3 leases with 95% of the building leased to Marion County Public Defender and State of Oregon Public Defense Fund. Interior of building had significant interior renovation between 2021-2025.

Full Property Details for 198 Commercial St

General

  • Price: $8,000,000
  • Taxes: $87,744 (2025)
  • Status: Active
  • Type: Office
  • Source: RWMLS
  • MLS ID: 234489425
  • Updated: 10/14/2026
  • Added to Site: 122 day(s) ago

Parking

  • Parking Features: None

Location

  • County: Marion
  • Driving Directions: Corner of Commercial St SE and Ferry across the street form Convention Center.

Community

  • Community Name: 174 - Marion Co: Central Salem

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Stories/Levels: 2
  • Square Feet: 41,472
  • Current Bldg. Use: Office
  • Year Built: 1956
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.46
  • Lot Size (Sq. Ft.): 20,037
  • Lot Size: 15, 000 to 19, 999 SqFt

Financial Considerations

  • Operating Expenses: $263,832
  • Tax Amount: $87,744.6
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: SALEM, BLOCK 34, LOT 5 FR 6, ACRES 0.46
  • Property ID: 589249

Listed by Evans, Elder, Brown & Seubert (541) 345-4860, David Holland (541) 521-5203

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 198 Commercial St —

  • David Holland

    Evans, Elder, Brown & Seubert

    541-345-4860

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 198 Commercial St

School District:Salem-Keizer School District 24j
NameGradesDistance
Bush Elementary School
410 14th Street Southeast, Salem, OR 97301
K-50.9 mi
Leslie Middle School
3850 Pringle Road Southeast, Salem, OR 97302
6-82.8 mi
South Salem High School
1910 Church Street Southeast, Salem, OR 97302
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 198 Commercial St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Price Reduced
$8,000,000
-9.35%
MLS
6/15/2026
Listed
$8,825,000
35.77%
MLS
4/26/2021
Sold
$6,500,000
—
Public Record
Get Price Alerts and Save Property
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 for 198 Commercial St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$87,745
-11%
$4,474,147
-11%
2024
$99,070
3%
$5,045,750
3%
2023
$96,148
-9%
$4,898,793
-11%
2021
$105,087
-5%
$5,486,770
-3%
2022
$111,049
6%
$5,651,370
6%
2020
$104,334
7%
$5,340,060
3%
2019
$97,441
-3%
$5,184,530
3%
2018
$99,992
11%
$5,033,530
3%
2017
$90,246
5%
$4,886,930
3%
2016
$85,959
-1%
$4,744,600
3%
2015
$86,605
-3%
$4,606,410
-3%
2014
$88,922
2%
$4,744,950
3%
2013
$87,100
—
$4,606,750
—
View All
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 for 198 Commercial St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Evans, Elder, Brown & Seubert (541) 345-4860, David Holland (541) 521-5203

Just Listed near 198 Commercial St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1069 Chardonnay Lp NE, Keizer, OR 97303 - Photo 1 Just Listed
$595,000

1069 Chardonnay Lp NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,890
    Sq. Ft.
Listed By: BRIAN. MCVAY | Homesmart Realty Group - Keizer and APRIL. MCVAY | Homesmart Realty Group - Keizer
1201 Dearborn Ave NE, Keizer, OR 97303 - Photo 1 Just Listed
$405,000

1201 Dearborn Ave NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,497
    Sq. Ft.
Listed By: DAVID. GONZALEZ | Sundance Realty Llc
720 Ventura St N, Keizer, OR 97303 - Photo 1 Just Listed
$440,000

720 Ventura St N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,426
    Sq. Ft.
Listed By: BRIAN. MCVAY | Homesmart Realty Group - Keizer and APRIL. MCVAY | Homesmart Realty Group - Keizer
7825 Marie Ln, Keizer, OR 97303 - Photo 1 Just Listed
$635,000
Open House

7825 Marie Ln  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 5 days ago
  • 5
    Beds
  • 3
    Total Baths
  • 2,391
    Sq. Ft.
Listed by Opt, Drew Coleman and Opt, Sean Mele

Price Reduced near 198 Commercial St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1123 Jays Dr, Keizer, OR 97303 - Photo 1 Price Reduced
-$54,900 (-5.78%)
$895,000
Open House

1123 Jays Dr  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 3 days ago
  • 6
    Beds
  • 3
    Total Baths
  • 2,828
    Sq. Ft.
Listed by Rocha Realty LLC, Mayra Flor Rocha
4965 Elizabeth St N, Keizer, OR 97303 - Photo 1 Price Reduced
-$1,500 (-0.32%)
$473,499

4965 Elizabeth St N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,790
    Sq. Ft.
Listed By: EDEL. LOPEZ | Realty Of America, Llc
5437 Burbank St, Keizer, OR 97303 - Photo 1 Price Reduced
-$10,000 (-2.22%)
$439,900

5437 Burbank St  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,568
    Sq. Ft.
Listed by John L. Scott Salem, Sarah Sherwood
1826 Kinglet Way NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$10,000 (-2.6%)
$374,900

1826 Kinglet Way NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,200
    Sq. Ft.
Listed By: ERIC WELLARD and. BRIAN BEMIS | Re/Max Integrity - Salem

Recent Sales near 198 Commercial St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3372 Riverbend Rd, Salem, OR 97304 - Photo 1 Sold
$8,500,000

3372 Riverbend Rd  Salem, OR 97304

  • Agricultural Land
  • Closed
  • 445
    Acres
Listed and Sold by Keller Williams Realty Mid-Willamette, Paul J Terjeson
3372 Riverbend Rd, Salem, OR 97304 - Photo 1 Sold
$8,500,000

3372 Riverbend Rd  Salem, OR 97304

  • Single Family
  • Sold
  • 3
    Beds
  • 1
    Total Bath
  • 1,180
    Sq. Ft.
Listed by Keller Williams Realty Mid-Willamette, Paul Terjeson and Keller Williams Realty Mid-Willamette, Steve Helms
Sold by Keller Williams Realty Mid-Willamette, Paul Terjeson
3872 Liberty Rd, Salem, OR 97302 - Photo 1 Sold
$7,000,000

3872 Liberty Rd  Salem, OR 97302

  • Multi-Family
  • Sold
Listed and Sold by Pounder Realty LLC, Grayson Pounder
3372 River Bend Rd NW, Salem, OR 97304 - Photo 1 Sold
$8,500,000

3372 River Bend Rd NW  Salem, OR 97304

  • Single Family
  • Closed
  • 3
    Beds
  • 1
    Total Bath
  • 1,180
    Sq. Ft.
Listed By: PAUL. TERJESON | Keller Williams Realty -Albany and STEVE. HELMS | Keller Williams Realty -Albany
Sold by PAUL. TERJESON | Keller Williams Realty -Albany

198 Commercial St, Salem, OR 97301 (MLS# 234489425) is a Office property. 198 Commercial St is currently listed for $8,000,000 and was received on June 15, 2026. Want to learn more about 198 Commercial St? Do you have questions about finding other Office real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

Tour this property