Price cut $380K
$2,054,000
1/51.93 AC · Land
663 S Grape Street
Medford, OR 97501
#220210594 01 / 95
For sale
$2,050,000
3156 State Street
Medford, OR 97504
- Baths
- 0
- Acres
- 0.11
- Built
- 2006
Est. $12,829/mo~219 min to downtown Bend (approx.)
Listing by Merit Commercial RE, LLC · 541-608-6704
MLS# 220222602 · Active
01
About this home
Exclusively presented for sale - 3156 State Street, a high-quality, fully-leased, income producing medical office building located in east Medford, Oregon (the ''Property''). Fully leased through 2030 with options to Complete Care, the asset is ideal for investors seeking day-one yield in a high-quality asset in the right location. The building itself is extremely efficiently designed and prominently positioned in Alderwood Office Park, a majority medical-focused PUD near the largest hospital in the region. Inside, patients enter into a bright and modern interior, with two fully built out floors and a finished storage attic above. Featuring two large reception areas, 16 exam rooms, many private offices and workstations, restrooms, passenger elevator, large break room w/ balcony, procedure rooms, and much, much more, the layout is ideal for the existing tenant and highly flexible for other medical users, if ever needed. See attached documents and/or contact brokers for more info.
02
Ask about this home
AI
Ask about this home
AI answers are off right now. Text Cody the question and get a straight answer, usually within the hour.
AI answer from 541 Home Sales using listing data, not from the MLS. It can be wrong. Verify anything that matters with Cody before you rely on it.
03
Price history
126 days, no changes| Date | Event | Price |
|---|---|---|
| Jun 2, 2026 | Listed for sale | $2,050,000 |
From the MLS: original list price and latest price change. 126 days on market.
04
Drive times
~219 min to downtown Bend- Mt. Bachelor~198 min · 167.1 mi
- Sunriver Village~198 min · 167.3 mi
- Old Mill District~217 min · 184.3 mi
- Downtown Bend~219 min · 185.3 mi
- St. Charles Bend~222 min · 187.9 mi
- Sisters~231 min · 196.2 mi
- Redmond Airport (RDM)~242 min · 205.8 mi
- Smith Rock State Park~252 min · 214.7 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 2006- Year built
- 2006
- Lot
- 0.11 AC · 4,792 SF
- HOA
- None reported
- Taxes
- $20,327/yr
- County
- Jackson
- Days on market
- 126
- MLS #
- 220222602
- Flooring
- Carpet · Vinyl
- Heating
- Forced Air · Heat Pump
- Cooling
- Central Air · Heat Pump
- Parking
- Parking Lot · Asphalt · On Street
- Construction
- Frame
- Roof
- Membrane · Metal
06
Location & schools
Medford42.3137° N · 122.8246° W
Directions07
Monthly payment
$12,829/mo$12,829/mo
$1,640,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $10,366
- Property tax (listing)
- $1,694
- Home insurance (est.)
- $769
20% · $410,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
More
Similar homes in Medford
#220210594
$2,000,000
1/52.44 AC · Commercial
1370 Poplar Drive
Medford, OR 97504
#220220665
$2,100,000
1/50.42 AC · Land
817 O'Hare Parkway
Medford, OR 97504
#220229223
$2,000,000
1/55 BD · 4.5 BA · 6,231 SF · 1.22 AC
1491 Montclair Terrace
Medford, OR 97504
#220224293Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 10:30 AM.
© 2025 Oregon Data Share. All rights reserved. The content relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Oregon Data Share. Listings held by brokerage firms other than 541 Home Sales are marked with the Oregon Data Share logo, and detailed information about these properties includes the name of the listing firm and the email address or phone number provided by the listing participant. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.