Listing Courtesy of: Keller Williams Southern Oregon-Umpqua Valley
Listing Agent: Mary Gilbert
541-371-5500
Investor Opportunity – Mixed-Use Asset in Downtown RoseburgThe historic Kohlhagen Building presents a compelling mixed-use investment with diversified income streams and long-term upside. This well-located asset combines stable commercial tenancy with value-add residential and office potential, making it an attractive addition to any investment portfolio.The ground floor features three fully leased, street-front commercial suites (Draper’s, Serendipity, and the Art Gallery), providing consistent income and strong visibility in a high-traffic downtown corridor. These established tenants contribute to the vibrancy of the area while offering reliable cash flow.The second story has been extensively remodeled and repositioned for income-producing use. A former banquet and event space has been thoughtfully adapted into a medium-term rental / Airbnb-style suite, creating immediate income with flexibility for future use. The upper level also includes multiple suites with shared kitchen and bathroom facilities, well-suited for extended-stay tenants, traveling professionals, or co-living arrangements.In addition, the street-facing rooms on the upper level offer strong potential for executive office suites, benefiting from natural light, high ceilings, and prominent downtown views—ideal for professional users seeking character-rich workspace.The building currently supports 7 residential-style units on the upper level, offering flexibility for continued short-term/medium-term rental operations, office conversion, or a hybrid live/work model depending on investor strategy.Additional features include on-site parking (street frontage and private rear spaces) and basement storage, enhancing both tenant appeal and operational functionality.Located within a designated Opportunity Zone, this asset offers potential tax advantages and aligns with ongoing downtown revitalization ...
+ Read More| Listing Id: | 24548624 |
|---|---|
| List Price: | $1,295,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Commercial |
| Status: | Active |
| Bank Owned Yn: | No |
| Building Area Total: | 20,795 |
| Tax Annual Amount: | $5,820 |
| Lot Size Square Feet: | 11,761.0 |
| Lot Size Acres: | 0.27 |
| Waterfront?: | No |
| City: | Roseburg |
| County Or Parish: | Douglas |
| Postal Code: | 97470 |
| Year Built: | 1910 |
| Basement: | False |
| Commercial Features: | Office |
| Construction Materials: | Brick, PartialBasement |
| Cooling: | Central Air and Mini Split |
| Cooling?: | Yes |
| Country: | US |
| Current Use: | Bar, Multi Family, and Restaurant |
| Directions: | Stephens S, L on Douglas, R on Jackson |
| Documents Available: | Floor Plan, Leases, and Plot Plat Map |
| Existing Lease Type: | Years Remaining1to5 and Modified Gross |
| Fuel Description: | Electricity and Gas |
| Heating: | Forced Air and Mini Split |
| Heating?: | Yes |
| Hot Sheet Date: | 2026-03-31 |
| Internet Service Type: | DSL, FiberOptics |
| Lease Amount: | $114,000 |
| Listing Contract Date: | 2024-03-01 |
| Listing Service: | Full Service |
| Listing Terms: | Cash and Conventional |
| Lot Size Range: | SqFt10000to14999 |
| MLS Area Major: | _253 |
| Number Of Buildings: | 1 |
| Occupancy Types: | Leased |
| Offer Instructions: | Call Sellers Agent |
| Original List Price: | $1,500,000 |
| Parcel Number: | R70199 |
| Parcel Number2: | R70227 |
| Parking Features: | On Site |
| Parking Total: | 5 |
| Price Type: | List Price |
| Property Condition: | Updated Remodeled |
| Road Surface Type: | Paved |
| Roof: | Built Up |
| Sale Includes: | Building and Land |
| Sewer: | Public Sewer |
| Status: | Active |
| State Or Province: | OR |
| Stories: | 3 |
| Tax Legal Description: | ROSEBURG, BLOCK 38, LOT 3, ACRES 0.20 |
| Tax Year: | 2025 |
| View Description: | City, Mountain, and Valley |
| View?: | Yes |
| Water Source: | Public Water |
| Zoning: | CBD |
| Unreinforced Masonry Bldg: | Unknown |
| Opportunity Zone Yn: | Yes |
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than The Neil Company Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon.
This content last updated on October 08, 2026 11:15 PM - PT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information is believed accurate but not guaranteed.
Property Last Updated: October 08, 2026 11:15 PM - PT





































