# 2885 S Santiam Hwy, Lebanon, OR 97355 > **TL;DR:** commercial, $750,000 ($181/sqft), built 1948, 4,152 sqft. > View. Est. $4,011/mo. Listed 20 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $750,000 | | Price/sqft | $181 | | Square Feet | 4,152 | | Year Built | 1948 | | Lot Size | 41,818 sqft (0.96 acres) | | Property Type | Commercial (Other) | | Status | Active Under Contract | | Days on Market | 20 | ## Why This Home Stands Out - **Views** - Territorial ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,792 | | Estimated Insurance | $219 | | **Total** | **$4,011** | ## Key Amenities - View ## Property Highlights - Built in 1948 - 0.96 acre lot - 18 parking spaces ## Description ### Agent Description Accepted Offer with Contingencies. Excellent investment opportunity featuring 10 rentable rooms total, including 8 hotel rooms, a cottage, glass-front retail space, & on-site laundry. There are 17 off-street parking spaces and one ADA space. An additional .32-acre vacant lot is included for expansion potential. Both parcels are zoned Highway Commercial. Prime corner location offers strong visibility, signage, and traffic exposure. Owner-carry terms available. ## Location - **Address:** 2885 S Santiam Hwy, Lebanon, OR 97355 - **County:** Linn ## Listing Agent - **Name:** LAURA GILLOTT - **Brokerage:** Keller Williams Realty Mid-Willamette - **Broker Phone:** (541) 738-7770 ## Photos ![2885 S Santiam Hwy - Photo 1](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f3646998857r.jpg) ![2885 S Santiam Hwy - Photo 2](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f3140325985r.jpg) ![2885 S Santiam Hwy - Photo 3](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f1707927032r.jpg) ![2885 S Santiam Hwy - Photo 4](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f1229325240r.jpg) ![2885 S Santiam Hwy - Photo 5](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f2255775874r.jpg) ![2885 S Santiam Hwy - Photo 6](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f1528309030r.jpg) ![2885 S Santiam Hwy - Photo 7](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f2323189741r.jpg) ![2885 S Santiam Hwy - Photo 8](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f844054969r.jpg) ![2885 S Santiam Hwy - Photo 9](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f2470493277r.jpg) ![2885 S Santiam Hwy - Photo 10](http://lh.rdcpix.com/580e53733f18879061ea7054c320d00al-f3560347883r.jpg) --- **MLS#:** 846575 | **Updated:** 2026-10-30 **Source:** listhub *Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/2885-s-santiam-hwy-lebanon-or-97355-b3c074085c6c4ecbb7a821cd52b37cc0) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2885-s-santiam-hwy-lebanon-or-97355-b3c074085c6c4ecbb7a821cd52b37cc0#listing", "url": "https://www.propertysimple.ai/listing/2885-s-santiam-hwy-lebanon-or-97355-b3c074085c6c4ecbb7a821cd52b37cc0", "name": "2885 S Santiam Hwy, Lebanon, OR 97355", "description": "Accepted Offer with Contingencies. Excellent investment opportunity featuring 10 rentable rooms total, including 8 hotel rooms, a cottage, glass-front retail space, & on-site laundry. There are 17 off-street parking spaces and one ADA space. 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