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  1. Retail Space
  2. OR
  3. Salem

Roth McGilcrest Building

For Lease 8,050 SF

120 Liberty Street Northeast, Salem, OR 97301

Located in the heart of downtown Salem, The Roth McGilcrest Building offers a rare opportunity to lease space in a character-rich historic building just steps from the Capitol Mall, restaurants, and the Willamette River waterfront. Built in 1916, this two-story commercial building blends old-world charm with a functional, flexible layout — ideal for professional offices, nonprofits, and creative studios.The Roth McGilcrest Building offers investors a turnkey, income-producing mixed-use asset in one of Salem's most sought-after addresses — combining the durability of ground-floor commercial leases with the premium rents and low turnover typical of boutique downtown residential units. Its historic character and adaptive-reuse renovation make it a standout, difficult-to-replicate asset in the downtown core.Experience the perfect blend of historic architectural character and modern usability at 120 Liberty Street Northeast in Salem, OR. This prime downtown location is zoned CB (Central Business), offering a wide range of commercial use possibilities. With excellent walkability and close proximity to State Street, Liberty Street corridor shops, eateries, and the Oregon State Capitol, this property is ideal for businesses seeking a central and vibrant location. On-street and nearby public parking make it convenient for employees and visitors. Don't miss the opportunity to make this unique and versatile space your own.

Key features

  • Close to State Street, Liberty Street corridor shops and eateries, and the Oregon State Capitol
  • Historic architectural character with modern usability
  • Paid On-street and nearby public parking available
  • Prime downtown Salem location with excellent walkability
  • Zoned CB (Central Business), supporting a wide range of commercial uses

Rental Details

  • Number of spaces 1
  • Total square feet available 8,050 SF
  • For Lease $1.80/SF/MO
  • Space Type General Office
  • Lease Type NNN
  • Latest Update Aug 13, 2026
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1 Space Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
447 General Office $1.80/SF/MO 8,050 SF - NNN

447

Space Type

General Office

Lease Rate

$1.80/SF/MO

Additional Rent

Price on request

Total Space Available

8,050 SF

Divisible Space

8,050 - 8,050 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

This office space features 4 offices, a conference room, open workspace, and reception on the first floor, 5 offices on the mezzanine level and 6 offices, one large open workspace office, break room, kitchen, and conference room on the basement level.

447

Space Type
General Office
Lease Rate
$1.80/SF/MO
Total Space
8,050 SF
Lease Type
NNN
Space Type

General Office

Lease Rate

$1.80/SF/MO

Additional Rent

Price on request

Total Space Available

8,050 SF

Divisible Space

8,050 - 8,050 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

This office space features 4 offices, a conference room, open workspace, and reception on the first floor, 5 offices on the mezzanine level and 6 offices, one large open workspace office, break room, kitchen, and conference room on the basement level.

Contacts

broker
Curt Arthur, SIOR

Capacity Commercial Group

Building Details

  • For Lease $1.80/SF/MO
  • Property Type Retail - Street Retail
  • Property Size 42,205 SF
  • Lot Size 0.48 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Date Updated Aug 13, 2026

Location

  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene
  • Map
  • Street
  • Walk score 81/100 Very Walkable
  • Transit score 61/100 Good Transit
  • Bike score 88/100 Very Bikeable
Powered by Walk Score ®

Points of Interest

Salem

0.74 miles

Brooks Historical Society Depot

8.28 miles

Hopmere Station

8.37 miles

Blink

0.08 miles

ChargePoint

0.47 miles

Arco Gas Station

0.58 miles

Circle K

0.77 miles

Pacific Pride

0.78 miles

Arco

0.97 miles

Space Age

0.98 miles

Shell

1.04 miles

76

1.14 miles

Chevron

1.52 miles

Liberty Square Parkade

0.09 miles

Chemeketa Parkade

0.16 miles

Riverfront Park (South Lot)

0.23 miles

Pringle Parkade

0.24 miles

Riverfront Park (North Lot)

0.27 miles

Marion Parkade

0.34 miles

Reserved Lot A

0.34 miles

Permit Parking

0.41 miles

Salem Library Parkade

0.45 miles

Visitor Parking

0.48 miles

Reed Opera House

0.05 miles

Salem Center (South)

0.18 miles

Ross

0.23 miles

Pringle Park Plaza

0.25 miles

Salem Center (North)

0.25 miles

Macy's

0.28 miles

Kohl's

0.28 miles

Grocery Outlet

0.64 miles

Safeway

0.69 miles

Roth's

0.91 miles

Listing Summary

  • The Price for Retail Space at 120 Liberty Street Northeast

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 120 Liberty Street Northeast, asking rent starts at $$1.80/SF/MO per square foot.

    120 Liberty Street Northeast is located in the Central Salem neighborhood, which is home to a total of 41 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 120 Liberty Street Northeast

    Mixed-use buildings combining two or more commercial real estate asset types can have more potential in attracting and retaining retail customers. Commercial space at 120 Liberty Street Northeast offers 1 retail listing(s) totaling 8,050 square feet. Additionally, available space at this property includes 1 office space(s) totaling 8,050 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 1 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 120 Liberty Street Northeast, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Central Salem Neighborhood

    120 Liberty Street Northeast is located in the Central Salem neighborhood of Salem. The Central Salem retail market offers 41 retail listing(s), representing a total of 189,111 square feet of retail space for lease.

    The most common retail type in the Central Salem neighborhood is Restaurant, of which the market currently offers 2 space(s). You can also find 1 General Office space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Central Salem resident is 34 years old, and the median household income here is $60,422 per year.

Contact Curt Arthur, SIOR
broker
Curt Arthur, SIOR

Capacity Commercial Group

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