The subject property is improved with a 7-story mid-rise commercial improvement identified as the SAC (short for Sacagewa) Annex or Roesch Building. Each Floor has approximately 8,184 square feet with an additional 13,200 square feet of basement and garage space. The property is comprised of ground floor retail space, second and third floor office space and fourth through seventh floor residential or apartment units. Interior finishes are representative of a building of this era and include carpet, wood and tile flooring, sheet rocked walls, some vaulted ceilings, hanging incandescent lighting fixtures and wood finishes. The property is listed on the National Historical Register in Oregon and is a pride of ownership asset. Sales Info: ■ Commision split: 2.0% Location Description: La Grande is the county seat of Union County and the regional hub of commerce and education. With a population of more than 13,000, La Grande is the largest community in the region. The city is the regional operations center for many state and federal agencies as well as Union Pacific Railroad. The original Oregon Trail runs through La Grande, as does the Grande Ronde River and Interstate 84. The city is located approximately 259 miles east of Portland, Oregon and 177 miles west of Boise, Idaho. La Grande has partnered with the Union County Economic Development Corporation to offer the La Grande Business Park, a 78-acre master-planned site for light industry and other job-producing firms. Combined with an Enterprise Zone and an Urban Renewal District, there are numerous sites ready for industrial development. Solid incentives, ready-to-go inexpensive land, business friendly local government and excellent access to rail and Interstate make La Grande an appealing alternative to larger cities for small to medium sized businesses. La Grande's downtown is rich with history and economic opportunity for small businesses. In 2008, La Grande was one of eleven communities selected to participate in the newly revised Oregon Main Street program. Oregon Main Street works with communities to develop comprehensive, incremental revitalization strategies base on a community's unique assets, character and heritage. The goal is to build high quality, livable and sustainable communities that will grow Oregon's economy while maintaining a sense of place. Highlights: ■ Mixed-use Investment in Downtown La Grande, Oregon ■ Property is on the National Historic Register ■ Diverse Income Stream - Retail/Office/Apartment ■ Upside Potential « show less
The subject property is improved with a 7-story mid-rise commercial improvement identified as the SAC (short for Sacagewa) Annex or Roesch Building.... show more »
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