REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Dominique May

realtordmay@gmail.com +1(503) 866-2761

Listed by High Country Realty Professionals • 541-962-5413

$ 1,375,000

Est. payment | -/mo

5 Beds

3 Baths

4.04 Acres Lot

Save

$ 1,375,000

Est. payment | -/mo

Save

5 Beds

3 Baths

4.04 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 255527630

Bedrooms 5

Year Built 1925

Annual Tax Amount $1,082

Lot Size 4.040 Acres

Property Description

Commercial investment opportunity featuring a 17-space manufactured home park, two detached single family homes, a classic barn, and 4.04 commercially zoned acres with room for future development. Situated along N. McAlister Road/Highway 82 (Wallowa Lake Highway), this highly visible property benefits from consistent traffic traveling between La Grande and the communities of Imbler, Summerville, Elgin, Wallowa County, and Wallowa Lake. With two access points, excellent frontage, and outstanding exposure, the property is well positioned for its current income-producing use and future development. The two homes add flexibility and additional revenue potential. The primary residence is a spacious three bedroom, two bath home featuring a comfortable floor plan, enclosed wraparound porch, detached garage, and an expansive unfinished basement with abundant space for storage, hobbies, recreation, or future finishing. The second home is a remodeled two bedroom, one bath residence with a partially finished basement and an adjacent classic barn. Together, the homes are well suited for owner occupancy, an on site manager, or additional rental income. Mature shade trees, generous open space, and well maintained improvements give the property an established feel that is uncommon for an investment of this kind. The combination of the manufactured home park, two residences, and additional commercial acreage creates multiple income streams while providing room for future expansion or redevelopment, subject to buyer due diligence. Whether you're looking to expand your investment portfolio, operate an established income producing property with on-site living, or capitalize on the potential of one of the area's most visible commercial corridors, this property presents a rare opportunity with immediate cash flow and long-term upside. Call today for more information! *Lot lines are approximate*

Location

State OR

County Union

Area _440

Zoning IC-C1

Rooms

Basement Partially Finished, Storage Space

Interior

Heating Forced Air, Wood Stove

Exterior

View Mountain

Roof Type Metal,Tile

Garage No

Building

Lot Description Level, Pasture

Story 1

Foundation Concrete Perimeter

Sewer Cesspool, Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Island City

Middle Schools La Grande

High Schools La Grande

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 866-2761

realtordmay@gmail.com

10208 N MCALISTER RD Island City, OR 97850