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Listed by High Country Realty Professionals • 541-962-5413
$ 1,375,000
Est. payment | /mo
4.04 Acres Lot
$ 1,375,000
Est. payment | /mo
4.04 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 255527630
Year Built 1925
Annual Tax Amount $1,082
Lot Size 4.040 Acres
Property Description
Commercial investment opportunity featuring a 17-space manufactured home park, two detached single family homes, a classic barn, and 4.04 commercially zoned acres with room for future development. Situated along N. McAlister Road/Highway 82 (Wallowa Lake Highway), this highly visible property benefits from consistent traffic traveling between La Grande and the communities of Imbler, Summerville, Elgin, Wallowa County, and Wallowa Lake. With two access points, excellent frontage, and outstanding exposure, the property is well positioned for its current income-producing use and future development. The two homes add flexibility and additional revenue potential. The primary residence is a spacious three bedroom, two bath home featuring a comfortable floor plan, enclosed wraparound porch, detached garage, and an expansive unfinished basement with abundant space for storage, hobbies, recreation, or future finishing. The second home is a remodeled two bedroom, one bath residence with a partially finished basement and an adjacent classic barn. Together, the homes are well suited for owner occupancy, an on site manager, or additional rental income. Mature shade trees, generous open space, and well maintained improvements give the property an established feel that is uncommon for an investment of this kind. The combination of the manufactured home park, two residences, and additional commercial acreage creates multiple income streams while providing room for future expansion or redevelopment, subject to buyer due diligence. Whether you're looking to expand your investment portfolio, operate an established income producing property with on-site living, or capitalize on the potential of one of the area's most visible commercial corridors, this property presents a rare opportunity with immediate cash flow and long-term upside. Call today for more information! *Lot lines are approximate*
Location
State OR
County Union
Area _440
Zoning IC-C1
Rooms
Basement Partially Finished, Storage Space
Interior
Heating Forced Air, Wood Stove
Exterior
View Mountain
Roof Type Metal,Tile
Garage No
Building
Lot Description Level, Pasture
Story 1
Foundation Concrete Perimeter
Sewer Cesspool, Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Island City
Middle Schools La Grande
High Schools La Grande
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
