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Investment Highlights

  • Iconic Building
  • Located in the Heart of a Newly Renovated Downtown
  • Owner-User Opportunity
  • Fully Leased Mixed-Use Building
  • Long Term Tenants

Executive Summary

Rare opportunity to own an Iconic building in Historic Downtown Cottage Grove. This mixed-use building has 2 large commercial spaces and a 900 SqFt apartment on the 2nd Floor. Located in a walkable area with strong local visibility, the ground-floor commercial space is well suited for retail, office, or service-oriented uses and benefits from steady foot and vehicle traffic.
Perfect investment for a passive investor looking to own a piece of history, or an owner-user looking to run a business in the vibrant downtown Cottage Grove.
The Axe & Fiddle (majority Tenant) has been running in this location since 2006. They have weekly shows and events that bring many locals and visitors in. This is an excellent opportunity for investors or owner-users seeking a stable income property in a desirable Oregon market with strong community appeal. All Units are leased, some up for renewal in 2026.
Rejuvenated downtown ready for investment. The City has just completed a $6 million dollar redevelopment of Downtown. This building has been a core part of Downtown Cottage Grove.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $66,720 $10.29
Other Income - -
Vacancy Loss - -
Effective Gross Income $66,720 $10.29
Taxes $9,982 $1.54
Operating Expenses $7,468 $1.15
Total Expenses $17,450 $2.69
Net Operating Income $49,270 $7.60

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $66,720
Annual Per SF $10.29
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $66,720
Annual Per SF $10.29
Taxes (CAD)
Annual $9,982
Annual Per SF $1.54
Operating Expenses (CAD)
Annual $7,468
Annual Per SF $1.15
Total Expenses (CAD)
Annual $17,450
Annual Per SF $2.69
Net Operating Income (CAD)
Annual $49,270
Annual Per SF $7.60

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,485 SF
Building Class
C
Year Built
1920
Price
$1,036,940 CAD
Price Per SF
$159.90 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.10 AC
Zoning
C-2 (H) - C-2, Central Business District. Historic Overlay.

Amenities

  • Corner Lot
  • Restaurant
  • Wheelchair Accessible

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Axe & Fiddle Restaurant
  • Accommodation and Food Services
  • -
  • -
  • Modified Gross
  • Dec 2030
  • Cottage Groove Books & Music
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Modified Gross
  • Dec 2026
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Axe & Fiddle Restaurant Accommodation and Food Services - - Modified Gross Dec 2030
Cottage Groove Books & Music Arts, Entertainment, and Recreation - - Modified Gross Dec 2026
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

U.S. Bank
Columbia Bank
Starbucks
Safeway
Grocery Outlet
Banner Bank
Anytime Fitness

Property Taxes

Property Taxes

Parcel Number
0896504
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$555,518 CAD
Annual Taxes
$9,982 CAD ($1.54 CAD/SF)
Tax Year
2025
  • Listing ID: 38810010

  • Date on Market: 2025-12-17

  • Last Updated:

  • Address: 657 E Main St, Cottage Grove, OR 97424

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