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Listing provided courtesy of All-Pro Realty Advisors, LLC- MLS# 221296253MLS Provider

229 N FIRST STDrain, OR 97435

Commercial · 3,490 Sq. ft. | 0.20 Acres
$272,000 Active

229 N FIRST ST Overview

Time on Site:
147 days
Visits:
11

Great opportunity for office/retail use ideally located on a corner lot with lots of onsite parking, drive-up window. Upstairs has break room with refrigerator, restroom, and lots of storage. Former bank building in the heart of Drain's business district.

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229 N FIRST ST Facts & Features

  • Type Commercial
  • Sq. ft. 3,490
  • Price/Sq.ft. $78
  • Lot 0.20 Acres

Details

General

Income/Expenses

  • Gross Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1948

Business Information

  • Current Use: Office

Location/Region

  • Country: US
  • County Or Parish: Douglas
  • MLS Area Major: 265 - Douglas Co: North Douglas County

Tax Information

  • Tax Annual Amount: 3191.88
  • Tax Year: 2025

General Information

  • Inclusions: Building,Land,Sign
  • Listing Terms: Cash,Rehab
  • Parcel Number: R21147
  • Property Condition: Existing
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: C

Interior

Building Interior

  • Building Area Total: 3490.0

General Information

  • Cooling: Central Air
  • Heating: Forced Air
  • Other Equipment: Smoke Detector
  • Stories: 2

Exterior

Parking Information

  • Parking Features: On Site,Paved

Lot Information

  • Lot Size Acres: 0.2
  • Lot Size Square Feet: 8712.0
  • Number Of Buildings: 1
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Block,T-111 Siding
  • Roof: Flat

General Information

  • Sewer: Public Sewer

229 N FIRST ST Neighborhood

Community

97435 (Drain) Demographics

50
Median Age
22
Population Density (per sq. mile)
21%
College Educated
$54,583
Estimated Median Income
710
Estimated Total Home Owners
224
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
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.

229 N FIRST ST 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.

229 N FIRST ST Market Data

Based on the last 30 days in this zip code

$409,500
Average List Price
$273
Average Price per Square Foot
2
Properties Sold
130
Average Days on Market
10
Properties for Sale
Calculations provided by Reliance Network

229 N FIRST ST History

Date Event Value Agent
4/29/2026Source: Regional MLS Price Reduction
$272,000 -16.3%
2/2/2026Source: Regional MLS Added to Database
February 02, 2026