Price cut $380K
$2,054,000
1/51.93 AC · Land
663 S Grape Street
Medford, OR 97501
#220210594 01 / 95
For sale
$2,050,000
3156 State Street
Medford, OR 97504
- Baths
- 0
- Acres
- 0.11
- Built
- 2006
Est. $12,829/mo~219 min to downtown Bend (approx.)
Listing by Merit Commercial RE, LLC · 541-608-6704
MLS# 220222602 · Active
01
About this home
Exclusively presented for sale - 3156 State Street, a high-quality, fully-leased, income producing medical office building located in east Medford, Oregon (the ''Property''). Fully leased through 2030 with options to Complete Care, the asset is ideal for investors seeking day-one yield in a high-quality asset in the right location. The building itself is extremely efficiently designed and prominently positioned in Alderwood Office Park, a majority medical-focused PUD near the largest hospital in the region. Inside, patients enter into a bright and modern interior, with two fully built out floors and a finished storage attic above. Featuring two large reception areas, 16 exam rooms, many private offices and workstations, restrooms, passenger elevator, large break room w/ balcony, procedure rooms, and much, much more, the layout is ideal for the existing tenant and highly flexible for other medical users, if ever needed. See attached documents and/or contact brokers for more info.
02
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03
Price history
126 days, no changes| Date | Event | Price |
|---|---|---|
| Jun 2, 2026 | Listed for sale | $2,050,000 |
From the MLS: original list price and latest price change. 126 days on market.
04
Drive times
~219 min to downtown Bend- Mt. Bachelor~198 min · 167.1 mi
- Sunriver Village~198 min · 167.3 mi
- Old Mill District~217 min · 184.3 mi
- Downtown Bend~219 min · 185.3 mi
- St. Charles Bend~222 min · 187.9 mi
- Sisters~231 min · 196.2 mi
- Redmond Airport (RDM)~242 min · 205.8 mi
- Smith Rock State Park~252 min · 214.7 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 2006- Year built
- 2006
- Stories
- 3
- Lot
- 0.11 AC · 4,792 SF
- HOA
- None reported
- Taxes
- $20,327/yr
- County
- Jackson
- Days on market
- 126
- MLS #
- 220222602
- Flooring
- Carpet · Vinyl
- Heating
- Forced Air · Heat Pump
- Cooling
- Central Air · Heat Pump
- Parking
- Parking Lot · Asphalt · On Street
- Construction
- Frame
- Roof
- Membrane · Metal
06
Location & schools
Medford42.3137° N · 122.8246° W
Directions07
Monthly payment
$12,829/mo$12,829/mo
$1,640,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $10,366
- Property tax (listing)
- $1,694
- Home insurance (est.)
- $769
20% · $410,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
More
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#220220665Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 3:00 PM.
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