100 Lundgren Mill Dr - Office FOR SALE


Sisters, OR 97759
$3,200,000 USD
541-480-6144
100 Lundgren Mill Dr, Sisters, OR for Sale
$3,200,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

NEW


100 Lundgren Mill Dr
Sisters, OR 97759


HIGHLIGHTS

  • New Construction: Completed in 2023, modern mixed-use design with high-quality finishes
  • Flexible Layout: 12,216 SF total, including commercial and residential space with clear-span areas
  • Income Producing: One ground floor suite and three residential apartments fully leased, generating $123,912 annual income
  • Strong Location: Situated in North Sisters Business Park with connectivity to Downtown Sisters, Bend, and Redmond
  • Close to Amenities: Adjacent to the ClearPine neighborhood with 106 residential units
  • Investor or Owner-User: The vacant 6,462 SF of commercial space is suitable for light manufacturing, distribution, retail, or office use

OVERVIEW

Completed in 2023, the ClearPine Building is a brand-new mixed-use property offering a rare blend of commercial and residential space in the heart of Sisters’ growing industrial district. Priced well below replacement cost, the building totals 12,216 square feet, including 6,125 RSF of ground floor commercial space, 1,566 RSF of second-floor commercial space, and 4,525 SF of second-floor residential apartments. This versatile design provides an attractive opportunity for both owner-users and investors seeking modern space with strong income potential. The property already benefits from established tenancy, generating $123,912 in annual rental income. One ground-floor suite is leased to Sisters Physical Therapy, while all three second-floor residential apartments are fully leased. This built-in stability provides reliable cash flow while still leaving significant space available for an owner-occupant or additional tenants. Situated just minutes from Downtown Sisters and US-20, the ClearPine Building offers excellent connectivity to Bend, Redmond, and the broader Central Oregon market. Its corner location provides outstanding signage visibility, with ample on-site parking and Cascade Mountain views adding to its curb appeal. Nearby amenities, including food, coffee, and recreation, make this an ideal location for businesses and residents alike.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

ClearPine Building - Class A Retail/Office

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

NSBP

APN/PARCEL ID

253213

ASK ABOUT THIS PROPERTY

Luke RossCompass Commercial Real Estate ServicesMore Info
541-480-6144

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Luke RossCompass Commercial Real Estate ServicesMore Info
541-480-6144

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.