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447 STATE ST - Former DPW 447 State St 3,400 - 16,105 SF of Office Space Available in Salem, OR 97301

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HIGHLIGHTS

  • Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar.
  • Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more!
  • This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district!

ALL AVAILABLE SPACES(3)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 8,050 SF
  • Negotiable
  • $40.87 CAD/SF/YR $3.41 CAD/SF/MO $328,969 CAD/YR $27,414 CAD/MO
  • Office
  • Full Build-Out
  • Now

447 State Street, Salem, OR 97301 Incredible opportunity to lease an iconic hip and modern tri-level space with old world historic charm in Downtown Salem in the Central Business district! $2.75/SF/Gross Lease with pass through increases on operating expenses. This 8050 SF space features 3 levels of office space with soaring ceiling heights on the main level with an expansive reception and lobby, 4 oversized private offices, a beautiful conference room with a brick accent wall plus an abundance of open work space that can be configured to meet your space needs! There are 5 private glass wall offices on the mezzanine that overlooks the lobby and open space below. Main level and mezzanine share common area restrooms. Heading down to the lower level, this hip and modern space includes 6 private offices, a grand conference room, supersized IT room, large breakroom and a modern and trendy lounge. Lower level also includes 2 private restrooms. Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar. This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district! Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more!

  • Rate includes utilities, building services and property expenses
  • 15 Private Offices
  • Space is in Excellent Condition
  • 15 private offices, abundant open work space
  • 2 conference rooms
  • Fully Built-Out as Standard Office
  • 2 Conference Rooms
  • Modern tri-level space with historic charm
  • Large breakroom, modern kitchen & lounge
  • Supersized IT room
  • 1st Floor, Ste 1
  • 4,655 SF
  • 2-4 Years
  • $40.87 CAD/SF/YR $3.41 CAD/SF/MO $190,230 CAD/YR $15,852 CAD/MO
  • Office
  • -
  • Now

Entire space can be demised into two spaces. Suite 1 - 4,655 SF Suite 2 - 3,400 SF Gross Lease with pass through increases on operating expenses Please contact the listing brokers for additional details

  • Rate includes utilities, building services and property expenses
  • 2nd Floor, Ste 2
  • 3,400 SF
  • 2-4 Years
  • $40.87 CAD/SF/YR $3.41 CAD/SF/MO $138,943 CAD/YR $11,579 CAD/MO
  • Office
  • -
  • Now

Entire space can be demised into two spaces. Suite 1 - 4,655 SF Suite 2 - 3,400 SF Gross Lease with pass through increases on operating expenses Please contact the listing brokers for additional details

  • Rate includes utilities, building services and property expenses
Space Size Term Rental Rate Space Use Condition Available
1st Floor 8,050 SF Negotiable $40.87 CAD/SF/YR $3.41 CAD/SF/MO $328,969 CAD/YR $27,414 CAD/MO Office Full Build-Out Now
1st Floor, Ste 1 4,655 SF 2-4 Years $40.87 CAD/SF/YR $3.41 CAD/SF/MO $190,230 CAD/YR $15,852 CAD/MO Office - Now
2nd Floor, Ste 2 3,400 SF 2-4 Years $40.87 CAD/SF/YR $3.41 CAD/SF/MO $138,943 CAD/YR $11,579 CAD/MO Office - Now

1st Floor

Size
8,050 SF
Term
Negotiable
Rental Rate
$40.87 CAD/SF/YR $3.41 CAD/SF/MO $328,969 CAD/YR $27,414 CAD/MO
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor, Ste 1

Size
4,655 SF
Term
2-4 Years
Rental Rate
$40.87 CAD/SF/YR $3.41 CAD/SF/MO $190,230 CAD/YR $15,852 CAD/MO
Space Use
Office
Condition
-
Available
Now

2nd Floor, Ste 2

Size
3,400 SF
Term
2-4 Years
Rental Rate
$40.87 CAD/SF/YR $3.41 CAD/SF/MO $138,943 CAD/YR $11,579 CAD/MO
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 8,050 SF
Term Negotiable
Rental Rate $40.87 CAD/SF/YR
Space Use Office
Condition Full Build-Out
Available Now

447 State Street, Salem, OR 97301 Incredible opportunity to lease an iconic hip and modern tri-level space with old world historic charm in Downtown Salem in the Central Business district! $2.75/SF/Gross Lease with pass through increases on operating expenses. This 8050 SF space features 3 levels of office space with soaring ceiling heights on the main level with an expansive reception and lobby, 4 oversized private offices, a beautiful conference room with a brick accent wall plus an abundance of open work space that can be configured to meet your space needs! There are 5 private glass wall offices on the mezzanine that overlooks the lobby and open space below. Main level and mezzanine share common area restrooms. Heading down to the lower level, this hip and modern space includes 6 private offices, a grand conference room, supersized IT room, large breakroom and a modern and trendy lounge. Lower level also includes 2 private restrooms. Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar. This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district! Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more!

  • Rate includes utilities, building services and property expenses
  • Fully Built-Out as Standard Office
  • 15 Private Offices
  • 2 Conference Rooms
  • Space is in Excellent Condition
  • Modern tri-level space with historic charm
  • 15 private offices, abundant open work space
  • Large breakroom, modern kitchen & lounge
  • 2 conference rooms
  • Supersized IT room

1st Floor, Ste 1

Size 4,655 SF
Term 2-4 Years
Rental Rate $40.87 CAD/SF/YR
Space Use Office
Condition -
Available Now

Entire space can be demised into two spaces. Suite 1 - 4,655 SF Suite 2 - 3,400 SF Gross Lease with pass through increases on operating expenses Please contact the listing brokers for additional details

  • Rate includes utilities, building services and property expenses

2nd Floor, Ste 2

Size 3,400 SF
Term 2-4 Years
Rental Rate $40.87 CAD/SF/YR
Space Use Office
Condition -
Available Now

Entire space can be demised into two spaces. Suite 1 - 4,655 SF Suite 2 - 3,400 SF Gross Lease with pass through increases on operating expenses Please contact the listing brokers for additional details

  • Rate includes utilities, building services and property expenses

ABOUT THE PROPERTY

447 State Street, Salem, OR 97301 Discover an exceptional leasing opportunity in the heart of Downtown Salem’s Central Business District—where timeless character meets urban edge. This iconic 8,050 SF tri-level space blends modern, fashion design with old-world historic charm, creating a truly unforgettable setting for your business to thrive. Space can potentially be demised into 2 smaller suites with a shared lobby and shared restrooms. Tenant 1 would occupy 4,655 SF which would include the main floor open work space, 4 private offices & a conference room, the 5 private offices on the mezzanine & the large open office + copy room in the basement. Tenant 2 would occupy 3,400 SF which would include a private office or reception on the main floor plus the 6 private offices, conference room, copy room and breakroom kitchen. These are just conceptual ideas for splitting the space into 2 tenant spaces. Owner willing to entertain options. An entrance with soaring ceilings and natural light converge to create a breathtaking atmosphere. The main level welcomes you with an elegant modern reception and lobby, crowned by statement chandeliers that set the tone for sophistication. Four spacious private suites offer flexibility and privacy, while a stunning conference room elevates every meeting with its Versailles-inspired ceiling, gold-accented crystal chandelier, and a striking authentic brick accent wall. This remarkable property offers limitless potential to craft a space as dynamic and visionary as your ambition. Upstairs, the mezzanine offers five exclusive glass-walled suites that overlook the vibrant lobby below, creating a dynamic blend of privacy and openness. Both the main level and mezzanine share thoughtfully designed common areas, including a fully remodeled kitchen equipped with a full-size refrigerator, stove, dishwasher, and microwave. An extended event space provides room for gatherings and collaboration, while a finished storage room offers practical convenience. The upgraded, modern restrooms feature sleek touch-less amenities, high-efficiency hand dryers, and sleek barn doors that hide efficient showers, elevating comfort and functionality throughout the space. Descending to the expansive lower level, you’ll discover six private suites, a conference room, and a IT hub built for serious infrastructure. This level features the upgraded kitchen, contemporary breakroom and a modern, trend-forward lounge perfect for informal gatherings or creative thinking. Two private restrooms complete this well-appointed, professional environment. Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s Homemade Foods and Archive Coffee & Bar, plus Ricky’s Bubbles, a space for your sweet tooth. This is an exceptional opportunity for businesses seeking a dynamic and distinctive presence in the heart of Downtown Salem’s Central Business District! This prime location is perfect for a company looking to thrive in a vibrant, walkable environment. Surrounded by top-tier restaurants, eclectic shopping, live entertainment, the Marion County Courthouse, Riverfront Park, and more—this is where work meets lifestyle. Multiple access points throughout the levels that open up into popular restaurants such as Ritter’s and Archive Coffee & Bar. This is an excellent location for a large employee based business that is looking for something unique and trendy in Downtown Salem’s CB district! Within walking distance to so many incredible restaurants, shopping, entertainment, Marion County Courthouse, Riverfront Park and so much more! Space can be demised as follows: Suite 1 - 4,655 SF Suite 2 - 3,400 SF

PROPERTY FACTS

Total Space Available 16,105 SF
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Size 41,649 SF
Year Built/Renovated 1916/2025
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32286900

  • Date on Market: 2026-01-14

  • Last Updated:

  • Address: 447 State St, Salem, OR 97301

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