New · 5d
$850,000
1/54 BD · 3 BA · 3,448 SF · 0.22 AC
4501 Pinnacle Drive
Medford, OR 97504
#220228577 01 / 37
For sale
$850,000
2937 Merriman Road
Medford, OR 97501
- Baths
- 0
- Acres
- 0.55
- Built
- 1964
Est. $4,983/mo~217 min to downtown Bend (approx.)
Listing by eXp Realty, LLC · 888-814-9613
MLS# 220225378 · Active
01
About this home
Owner Carry! Whether you're looking for a solid investment property or an owner occupied building for your business, this mixed use commercial building offers an incredible opportunity. Well maintained commercial building with large two bedroom apartment upstairs. Building currently being used by Winter's Electric has been nicely updated and features three roll up doors, reception / waiting rooms, office, kitchenette / break area, and plenty of shop / warehouse / storage. Upstairs you will find a spacious apartment complete with large outdoor deck and private entrance. Current NNN lease for commercial building is $5,500 per month and runs through April 1st 2027. According to local property management data, apartment will bring $1400 per month bringing this (pro forma) investment to a generous 9.7% cap rate! Additional adjacent .12 acre tax lot included. Schedule to tour this rare commercial opportunity today.
02
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03
Price history
83 days, no changes| Date | Event | Price |
|---|---|---|
| Jul 15, 2026 | Listed for sale | $850,000 |
From the MLS: original list price and latest price change. 83 days on market.
04
Drive times
~217 min to downtown Bend- Mt. Bachelor~196 min · 165.5 mi
- Sunriver Village~197 min · 166.4 mi
- Old Mill District~216 min · 183.3 mi
- Downtown Bend~217 min · 184.2 mi
- St. Charles Bend~220 min · 186.9 mi
- Sisters~229 min · 194.4 mi
- Redmond Airport (RDM)~241 min · 204.7 mi
- Smith Rock State Park~251 min · 213.5 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 1964- Year built
- 1964
- Stories
- 2
- Lot
- 0.55 AC · 23,958 SF
- HOA
- None reported
- Taxes
- $4,390/yr
- County
- Jackson
- Days on market
- 83
- MLS #
- 220225378
- Flooring
- Concrete · Laminate · Tile
- Heating
- Electric · Forced Air · Heat Pump · Natural Gas
- Cooling
- Central Air · Heat Pump
- Parking
- Asphalt · Gravel
- Construction
- Frame
- Roof
- Rolled/Hot Mop
06
Location & schools
Medford42.3593° N · 122.8909° W
Directions07
Monthly payment
$4,983/mo$4,983/mo
$680,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $4,298
- Property tax (listing)
- $366
- Home insurance (est.)
- $319
20% · $170,000
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.
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#220228766Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 2:01 PM.
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