The Bishop Building

For Sale

145 Liberty St. NE, Salem, OR 97301

This Salem property for sale is located at 145 Liberty St. NE. The current listed sale price for The Bishop Building is $4,600,000. The Bishop Building is situated on a lot that is 0.19 acre in size.

Contacts

broker
Jerry Jones

Pikes Northwest

Property Details

  • Property Type Retail - Street Retail
  • Property Size 24,300 SF
  • Lot Size 0.19 Acre
  • Year Built 1894
  • Date Updated Aug 27, 2025
145 Liberty St. NE is located in the heart of downtown Salem, Oregon, near the State Capitol and Riverfront Park. This central location places it within close distance to government buildings, local shops, restaurants, and cultural attractions. The area is known for its historic charm, pedestrian-friendly streets, and vibrant mix of businesses, making it a prime spot for both professional and retail activity.Built in 1894 and meticulously restored, the Bishop Building at 145 Liberty St NE in downtown Salem offers over 24,000 sq ft of mixed-use space blending historic charm with modern luxury. The property features eight spacious two-bedroom townhome-style apartments, each 1,500–1,800 sq ft with designer finishes including stainless steel appliances, granite countertops, exposed brick, gas fireplaces, walk-in closets, dual sinks, motorized shades, full-size washers/dryers, and A/C. Multiple commercial spaces are home to quality long-term retail tenants, providing a strong income stream, while a vacant full basement offers value-add potential. Current residential rents ranging from $2,000–$2,250, the Bishop Building delivers both financial performance and lifestyle appeal. Located steps from Riverfront City Park, Wilson Park, Willamette University, and an array of cafés, restaurants, and cultural attractions, this heritage property offers a rare opportunity to own a piece of Salem’s history in a vibrant, urban setting.
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Highlights

  • 24,300 SF historic building
  • Built in 1894 with character
  • Flexible floor plan
  • High visibility on Liberty St.
  • Historic charm with modern potential
  • Prime location in Salem
  • Zoned CB for retail use

Getting around

  • 81/100

    Walk Score ®

  • 61/100

    Transit Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    0.78 miles

  • Brooks Historical Society Depot

    8.28 miles

  • Hopmere Station

    8.37 miles

  • Blink

    0.08 miles

  • ChargePoint

    0.50 miles

  • Arco Gas Station

    0.58 miles

  • Circle K

    0.73 miles

  • Pacific Pride

    0.74 miles

  • Space Age

    0.94 miles

  • Arco

    1.01 miles

  • Shell

    1.07 miles

  • 76

    1.15 miles

  • Chevron

    1.53 miles

  • Liberty Square Parkade

    0.09 miles

  • Chemeketa Parkade

    0.14 miles

  • Riverfront Park (South Lot)

    0.20 miles

  • Riverfront Park (North Lot)

    0.24 miles

  • Pringle Parkade

    0.26 miles

  • Marion Parkade

    0.33 miles

  • Reserved Lot A

    0.37 miles

  • Permit Parking

    0.44 miles

  • Salem Library Parkade

    0.46 miles

  • B Lot

    0.51 miles

  • Brown's Towne

    0.02 miles

  • Amadeus

    0.02 miles

  • Bigwig Donuts

    0.02 miles

  • Noble Wave

    0.02 miles

  • W. Wallace

    0.03 miles

  • Chira's Restaurant And Catering

    0.03 miles

  • 503 Sushi Bar

    0.03 miles

  • Precious Pizza

    0.04 miles

  • Ritter's

    0.05 miles

  • Masonry Grill

    0.05 miles

  • Reed Opera House

    0.03 miles

  • Salem Center (South)

    0.18 miles

  • Ross

    0.23 miles

  • Salem Center (North)

    0.25 miles

  • Pringle Park Plaza

    0.26 miles

  • Kohl's

    0.28 miles

  • Macy's

    0.29 miles

  • Grocery Outlet

    0.62 miles

  • Safeway

    0.72 miles

  • Roth's

    0.87 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jerry Jones

Pikes Northwest

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