Iraida B. Hermann, MBA

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Listing provided courtesy of RE/MAX Key Properties- MLS# 220219163MLS Provider

500 NW Cherry LaneMadras, OR 97741

Commercial · 3,000 Sq. ft. | 5.04 Acres
$2,100,000 Active

500 NW Cherry Lane Overview

Time on Site:
78 days
Visits:
6

Modern Industrial/Ag buildings. 16400 square foot building includes multiple offices, conference room, reception and two +/- 4800 square foot industrial suites. Also includes some second floor semi-finished storage areas. 5 large grade level roll up doors. Additional scale and scale house and large outdoor storage building (no heat) plastic skin metal frame concrete bunks. Was formerly a fertilizer distribution center, could have many uses going forward. In the Airport Development zone, allowing many agricultural and industrial uses. Owner leases adjacent property from City of Madras for rail spur access and additional yard area. New owner can negotiate similar lease| with the City if desired.

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500 NW Cherry Lane Facts & Features

  • Type Commercial
  • Sq. ft. 3,000
  • Price/Sq.ft. $700
  • Lot 5.04 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 2019

Location/Region

  • County Or Parish: Jefferson
  • Subdivision Name: N/A

Tax Information

  • Tax Annual Amount: 22542.77
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 13249
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 3000.0

General Information

  • Common Walls: No Common Walls
  • Flooring: Carpet,Concrete,Vinyl
  • Foundation Details: Slab
  • Levels: Two
  • Security Features: Fire Sprinkler System

Exterior

Parking Information

  • Parking Features: Gravel,Other

Lot Information

  • Additional Parcels Description: Additional parcel leased from City of Madras for Rail Spur
  • Additional Parcels: true
  • Lot Features: Fenced,Level
  • Lot Size Acres: 5.04
  • Lot Size Area: 5.04
  • Lot Size Square Feet: 219542.4
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Steel Frame
  • Roof: Metal

General Information

  • Exterior Features: Rail Spur
  • Number Of Units Total: 3
  • Sewer: Public Sewer

500 NW Cherry Lane Neighborhood

Community

97741 (Madras) Demographics

40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
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.

500 NW Cherry Lane Monthly Cost

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$ %
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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.

500 NW Cherry Lane Market Data

Based on the last 30 days in this zip code

$464,993
Average List Price
$257
Average Price per Square Foot
19
Properties Sold
114
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

500 NW Cherry Lane History

Date Event Value Agent
4/13/2026Source: Oregon Datashare Added to Database
April 13, 2026