550 N 1st St, Woodburn, OR 97071
Local realty services provided by:Knipe Realty ERA Powered
550 N 1st St,Woodburn, OR 97071
$4,900,000
- 25 Beds
- 18 Baths
- 13,848 sq. ft.
- Single family
- Active
Listed by: adriana gavozdea
Office: premiere property group, llc.
MLS#:732696353
Source:PORTLAND
Price summary
- Price:$4,900,000
- Price per sq. ft.:$353.84
About this home
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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Home facts
- Year built:1914
- Listing ID #:732696353
- Added:5 day(s) ago
- Updated:February 12, 2026 at 12:18 PM
Rooms and interior
- Bedrooms:25
- Total bathrooms:18
- Full bathrooms:18
- Living area:13,848 sq. ft.
Heating and cooling
- Cooling:Energy Star Air Conditioning
- Heating:Forced Air 90+
Structure and exterior
- Roof:Membrane
- Year built:1914
- Building area:13,848 sq. ft.
- Lot area:0.23 Acres
Schools
- High school:Woodburn
- Middle school:French Prairie
- Elementary school:Lincoln
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,900,000
- Price per sq. ft.:$353.84
- Tax amount:$4,569
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