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Listing provided courtesy of United Real Estate Properties- MLS# 754714687MLS ProviderContact Information: [email protected]

187 W OREGON AVECreswell, OR 97426

Commercial · 4,196 Sq. ft. | 0.11 Acres
$375,000 Pending

187 W OREGON AVE Overview

Time on Site:
55 days
Visits:
7

This versatile 4,196 sq. ft. multi-use property in historic downtown Creswell offers a unique investment opportunity with solid income from an occupied 3-bedroom, 1-bath apartment and approximately 2,640 sq. ft. of shell space ready for your vision. Featuring a newer roof and zoned for downtown commercial use'with potential conversion to residential per city guidelines'this space is perfect for investors or owner-operators looking to capitalize on Creswell's charm and growth. Formally the Historic Creswell Theater, this property combines character with flexibility in a prime location. Apartment is currently rented for $1895 a month.

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187 W OREGON AVE Facts & Features

  • Type Commercial
  • Sq. ft. 4,196
  • Price/Sq.ft. $89
  • Lot 0.11 Acres

Details

General

Income/Expenses

  • Gross Income: 10845.0
  • Gross Scheduled Income: 22740.0
  • Operating Expense: 5690.0

Building Information

  • Year Built: 1920

Business Information

  • Current Use: Multi Family

Location/Region

  • Country: US
  • County Or Parish: Lane
  • MLS Area Major: 235 - Lane Co: South Lane Properties

Tax Information

  • Tax Annual Amount: 1864.92
  • Tax Year: 2025

General Information

  • Inclusions: Building
  • Listing Terms: Cash,Other
  • Parcel Number: 0835692
  • Property Condition: Existing
  • Property Sub Type: Business Opportunity
  • Property Type: Commercial Sale
  • Zoning: DC

Interior

Building Interior

  • Building Area Total: 4196.0

General Information

  • Heating: Wall Heater
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.11
  • Lot Size Square Feet: 4791.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Flat

General Information

  • Sewer: Public Sewer

187 W OREGON AVE Neighborhood

Community

97426 (Creswell) Demographics

41
Median Age
124
Population Density (per sq. mile)
40%
College Educated
$62,845
Estimated Median Income
2,846
Estimated Total Home Owners
912
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

187 W OREGON AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

187 W OREGON AVE Market Data

Based on the last 30 days in this zip code

$709,537
Average List Price
$329
Average Price per Square Foot
8
Properties Sold
108
Average Days on Market
50
Properties for Sale
Calculations provided by Reliance Network

187 W OREGON AVE History

Date Event Value Agent
5/9/2026Source: Regional MLS Status Change
Pending
5/5/2026Source: Regional MLS Added to Database
May 05, 2026