Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Coldwell Banker Holman Premier- MLS# 220224002MLS Provider

1028 Main StreetKlamath Falls, OR 97601

Commercial · 10,500 Sq. ft. | 0.09 Acres
$189,000 Active

1028 Main Street Overview

Time on Site:
5 days
Visits:
1

Historic redevelopment opportunity in downtown Klamath Falls. Formerly the iconic Arcade Hotel, this four-story commercial building offers approximately 10,500 sq.ft. and exceptional potential for investors, developers, or adaptive reuse projects. Original features include a distinctive brick façade, tall lobby ceilings, Douglas fir flooring, and original wood banisters. Upper floors have been taken down to the studs, creating a blank canvas for restoration. Recent improvements include roof repairs, debris removal, a new 400-amp meter main, new 400-amp sub panel, and a new sewer line in the building, providing a cleaner start for redevelopment. Zoned General Commercial with public utilities available. The building requires substantial rehabilitation, including seismic retrofit. Previously selected for Oregon Main Street Revitalization Grant funding. Buyer to perform all due diligence.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1028 Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 10,500
  • Price/Sq.ft. $18
  • Lot 0.09 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 1920

Location/Region

  • County Or Parish: Klamath
  • Subdivision Name: Klamath Falls -Nichols Addition

Tax Information

  • Tax Annual Amount: 3317.65
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 413733
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 10500.0

General Information

  • Basement: Partial,Unfinished
  • Common Walls: 1 Common Wall
  • Flooring: Hardwood,Other
  • Foundation Details: Concrete Perimeter
  • Interior Features: Vaulted Ceiling(s)
  • Levels: Three Or More,Multi/Split
  • Window Features: Wood Frames

Exterior

Parking Information

  • Parking Features: Alley Access,On Street

Lot Information

  • Additional Parcels: false
  • Lot Size Square Feet: 3920.4
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • View: City,Territorial

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick,Frame
  • Roof: Membrane

General Information

  • Number Of Units Total: 1
  • Sewer: Public Sewer

1028 Main Street Neighborhood

Community

97601 (Klamath Falls) Demographics

41
Median Age
39
Population Density (per sq. mile)
33%
College Educated
$45,392
Estimated Median Income
5,687
Estimated Total Home Owners
4,420
Estimated Total Renters
56% / 44%
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.

1028 Main Street Monthly Cost

$
$ %
%
$
$
* 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.

1028 Main Street Market Data

Based on the last 30 days in this zip code

$452,158
Average List Price
$218
Average Price per Square Foot
34
Properties Sold
111
Average Days on Market
234
Properties for Sale
Calculations provided by Reliance Network

1028 Main Street History

Date Event Value Agent
6/24/2026Source: Oregon Datashare Added to Database
June 24, 2026
10/20/2025Source: Oregon Datashare Status Change
Closed
8/19/2025Source: Oregon Datashare Status Change
Pending
6/2/2025Source: Oregon Datashare Added to Database
June 02, 2025