Listing provided courtesy of Premiere Property Group, LLC- MLS# 732696353MLS Provider

550 N 1ST STWoodburn, OR 97071

Single Family · 25 Beds · 18 Full Baths · 13,848 Sq. ft. | 0.23 Acres
$4,900,000 Active

550 N 1ST ST Overview

Time on Site:
144 days
Visits:
14

Presenting a one-of-a-kind historic asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now turnkey, ready for its next chapter.Spanning 13,000+ square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies.Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility'just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw.This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.

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550 N 1ST ST Facts & Features

  • Type Single Family
  • Sq. ft. 13,848
  • Price/Sq.ft. $354
  • Lot 0.23 Acres

Details

General

School Information

  • Elementary School: Lincoln
  • Middle Or Junior School: French Prairie
  • High School: Woodburn

Building Information

  • Year Built: 1914

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 170 - Marion Co: Except Salem and Keizer

Tax Information

  • Tax Annual Amount: 4569.37

General Information

  • Disclosures: Exempt
  • Listing Terms: Cash,Other
  • Parcel Number: 105959
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Zoning: DHD

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Full: 18
  • Bathrooms Partial: 0
  • Bathrooms Total: 18
  • Bedrooms Total: 25

Building Interior

  • Building Area Total: 13848.0

General Information

  • Accessibility Features: Accessible Doors,Accessible Elevator Installed,Accessible Entrance,Accessible Hallway(s),Natural Lighting,Roll-in Shower
  • Appliances: ENERGY STAR Qualified Appliances,Free-Standing Gas Range
  • Basement: Daylight,Finished
  • Cooling: EnergyStar Air Conditioning
  • Foundation Details: Slab
  • Heating: Forced Air95Plus
  • Interior Features: Sprinkler
  • Security Features: Fire Escape,Fire Sprinkler System,Handicap Access
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Parking Features: Driveway,On Street
  • Parking Total: 0

Lot Information

  • Lot Size Acres: 0.23
  • Lot Size Square Feet: 10018.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Architectural Style: Tri Level
  • Roof: Membrane

General Information

  • Exterior Features: Patio
  • Sewer: Public Sewer

550 N 1ST ST Neighborhood

Community

97071 (WOODBURN) Demographics

37
Median Age
589
Population Density (per sq. mile)
24%
College Educated
$55,279
Estimated Median Income
6,473
Estimated Total Home Owners
3,528
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

550 N 1ST ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

550 N 1ST ST Market Data

Based on the last 30 days in this zip code

$483,825
Average List Price
$276
Average Price per Square Foot
45
Properties Sold
91
Average Days on Market
267
Properties for Sale
Calculations provided by Reliance Network

550 N 1ST ST History

Date Event Value Agent
2/6/2026Source: Regional MLS Added to Database
February 06, 2026
2/6/2026Source: Regional MLS Added to Database
February 06, 2026