115-125 NW Oregon Ave - Storefront Retail/Office FOR SALE


Bend, OR 97703- Downtown Bend
$9,100,000 USD
541-571-1287
115-125 NW Oregon Ave, Bend, OR for Sale
$9,100,000 USD
Storefront Retail/Office - FOR SALE
1/31
null | 6% Cap Rate

115-125 NW Oregon Ave
Bend, OR 97703
Downtown Bend


HIGHLIGHTS

  • Iconic Downtown Landmark
  • Recently Signed Premier Tenant - Bamboo Sushi
  • Submarket Retail Vacancy Below 1%
  • Signalized Corner Located on Bond St & Oregon Ave
  • Signature Features | Stained Glass, Ornate Entrances, Original Historic Detailing
  • Experienced Long-Term Management In Place

OVERVIEW

The O’Kane Building is a historic multi-tenant retail and office investment property prominently located in the heart of downtown Bend, Oregon. This iconic landmark offers investors a rare opportunity to own a fully leased, architecturally significant asset with a long history of vibrant tenant occupancy and strong community presence. Constructed in 1916 by prominent local entrepreneur Hugh O’Kane and designed by the renowned Beezer Brothers of Seattle, the O’Kane Building is listed on the National Register of Historic Places. The two-story Commercialstyle structure encompasses approximately 24,473 square feet on a prime 100’ x 140’ corner lot at the intersection of Oregon Avenue and Bond Street. Featuring distinctive Chicago School windows, leaded multi-paned transoms with the iconic stylized “Bend” art glass motif, and classical detailing, the building remains the largest historic commercial structure in downtown Bend. The property is home to a diverse mix of ground-floor retail shops and restaurants alongside second-floor professional offices. The blend of longstanding, deeply rooted tenants alongside notable new arrivals like Bamboo Sushi speaks to the enduring demand at The O’Kane. Its prime downtown location places it at the center of Bend’s thriving tourist, dining, and shopping district, drawing consistent foot traffic from locals and visitors alike. The building has served as a cornerstone of central Oregon commerce for over a century, originally functioning as a major retail hub and even hosting the first meetings of the Deschutes County Court. Today, The O’Kane Building benefits from its unmatched visibility and accessibility in one of Oregon’s most dynamic markets. It occupies a central position in Bend, the fastest growing metro in the state, and its prominent location provides immediate proximity to Bend’s renowned restaurants, breweries, outdoor retailers, cultural attractions, and the scenic Deschutes River while also capitalizing on the area’s robust tourism and economic expansion.

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Kane Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

CB

APN/PARCEL ID

103337

ASK ABOUT THIS PROPERTY

Scott LoganColliersMore Info
541-571-1287

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Scott LoganColliersMore Info
541-571-1287

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