229 N FIRST ST, Drain, OR 97435
Douglas County
Key Facts
Description
Great opportunity for office/retail use ideally located on a corner lot with lots of onsite parking, drive-up window. Upstairs has break room with refrigerator, restroom, and lots of storage. Former bank building in the heart of Drain's business district.
Property Information
Property Type
Commercial Sale
Year Built
1948
Stories
2
Living Area
3,490 sq ft
Lot Size
0.20 acres
Zoning
C
Days on Market
39
MLS® Listing#
221296253
Property Features
Cooling
Heating
Parking
Construction
Roof
Security
Sewer
Water Source
Financial Details
Annual Taxes
$3,192
Tax year 2025
Parcel Number
R21147
Directions
I-5 Exit #162 to Drain to corner of 1st and West C Street.
Affordability Calculator
$65,000
Estimated monthly payment
$1,730/mo
Principal $260,000 · Est. interest $362,723 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Drain, OR
- $314,286
- Median Listing Price
- 227
- Median Days on Market
- 1,377
- Median Sq Ft
- $286
- Median Price / Sq Ft
- 8
- Active Listings
- This home’s price is 3% above the area median.
- Its price per sq ft is 67% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Drain, OR.
Location
Map is currently unavailable for this location.
Points of Interest in Drain, OR
Showing the Drain area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 295 E C AVE, Drain, OR | $229,000 | 2 | 1 | 600 |
| 920 BUCK CREEK RD, Drain, OR | $235,000 | 2 | 1 | 672 |
| 412 GARDNER AVE, Drain, OR | $249,000 | 4 | 2 | 2,374 |
| 420 W D AVE, Drain, OR | $269,000 | 2 | 1 | 900 |
| 430 DIVISION AVE, Drain, OR | $289,000 | 2 | 1 | 1,338 |
| 408 WHIPPLE AVE, Drain, OR | $313,000 | 4 | 2 | 1,620 |
Moving Cost Estimate
EXIT Agents in Drain
Listing Courtesy: All-Pro Realty Advisors, LLC - 5416961600
Presented by: Melony Marsh
Last Updated: 2026-02-02