$1,190,000
1/50.46 AC · Multi Family
115 NE A Street
Madras, OR 97741
#220228698 01 / 08
For sale New · today
$1,150,000
NE Hwy 97 TL 400-404
Madras, OR 97741 · N/A
- Baths
- 0
- Acres
- 6.67
Est. $7,491/mo~70 min to downtown Bend (approx.)
Listing by Scout Realty LLC · 541-279-2501
MLS# 220229684 · Active
01
About this home
Rare opportunity to acquire over 6.5 acres of prime commercial land with city-approved plans for a storage unit development already in place. Comprised of five separate parcels, the property offers flexibility to utilize the parcels collectively or individually depending on your development goals. Zoned C-1, the property allows for a variety of commercial uses, including retail, restaurants, professional offices, public uses, and more. With substantial acreage, flexible parcel configuration, and development approvals already secured, this property offers exceptional potential for investors, developers, or owner-users.
02
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03
Price history
0 days, no changes| Date | Event | Price |
|---|---|---|
| Oct 6, 2026 | Listed for sale | $1,150,000 |
From the MLS: original list price and latest price change. 0 days on market.
04
Drive times
~70 min to downtown Bend- Smith Rock State Park~36 min · 25 mi
- Redmond Airport (RDM)~48 min · 35.2 mi
- Sisters~56 min · 41.8 mi
- St. Charles Bend~68 min · 52.4 mi
- Downtown Bend~70 min · 54.1 mi
- Old Mill District~71 min · 55.2 mi
- Mt. Bachelor~87 min · 69.9 mi
- Sunriver Village~90 min · 71.9 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
- Type
- Commercial
- Lot
- 6.67 AC · 290,545 SF
- HOA
- None reported
- Taxes
- $14,935/yr
- Subdivision
- N/A
- County
- Jefferson
- Days on market
- 0
- MLS #
- 220229684
- View
- Territorial
- Lot
- Native Plants · Sloped
- Utilities
- Electricity Available
06
Location & schools
N/A44.6454° N · 121.1260° W
Directions- Elementary
- Madras Elementary
- Middle
- Jefferson County Middle
- High
- Madras High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$7,491/mo$7,491/mo
$920,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $5,815
- Property tax (listing)
- $1,245
- Home insurance (est.)
- $431
20% · $230,000
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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#220212484Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 3:00 PM.
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