621 SW EVERGREEN AVE

Redmond, 97756

  • Bed

  • Bath

  • 7500 SqFt

  • 309 DOM

  • Built: 1919

  • Status: Active

$1,525,000

Price cut: $50K (07-11-2025)

X

621 SW EVERGREEN AVE

Redmond 97756

$1525000

Price cut: $50K (07-11-2025)

  • Bed

  • Bath

  • 7500 SqFt

  • 309 DOM

  • Built: 1919

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

The Landaker Building - historic icon in the heart of Downtown Redmond, Oregon. Built in 1919, this approximately 7,500-square-foot, three-story mixed-use investment building is located at the prominent intersection of Evergreen Avenue and Sixth Street. The building's historical significance and strategic location in Redmond's Central Business District (CBD) make it a standout investment opportunity for those seeking both a prime location and stable income.Originally constructed as a one-story pool hall, the Landaker Building underwent significant renovations in 1932, adding two additional floors for office and apartment space. Over the years, the iconic building has housed notable businesses, including the Pastime Tavern, and played a vital role in Redmond's community life. The building remains a structure of historical significance, capturing the charm and heritage of Redmond's early 20th-century architecture. The Landaker Building is fully leased, comprising two retail units on the ground floor, two commercial units on the third floor, and 10 apartment units on the second and third floors, all serviced by an elevator. The retail tenants, including Morning Story and Salon Bliss, benefit from the high foot traffic in this bustling downtown area. The apartment units, primarily studios, ensure flexibility for future rent increases or conversion opportunities.Currently, The Landaker Building is designated as of "historical interest." These properties are not required to comply with the requirements of the Preservation of Historic Resources section of the Redmond Development Code except in the event of demolition or of a major alteration. Short Term Rentals (STRs) are permitted on C2 zoned properties, including within the Downtown Overlay District (DOD), granted applicable standards and requirements are complied with.

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Residence Information

  • 7500

  • OffSite

  • 1919

  • No

Features and Utilities

  • ForcedAir, WallHeater

  • PublicSewer

  • Electricity

Financial

  • 8764.25

  • Cash,Conventional

  • 09-19-2024

  • No

  • No

Comparable Information

  • 309

  • 310

  • Cash,Conventional

  • $1,765,000

  • $1,525,000

  • Jul 25, 2025 01:20

Schools

Map

Listing courtesy of Land Leader.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jul 26, 2025 00:31 | Listing last modified Jul 25, 2025 01:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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