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550 N 1st St, Woodburn, OR 97071

$4,900,000
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Property Description

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.

550 N 1st St | MLS# 732696353

This single family home located at 550 N 1st St, Woodburn, OR 97071 is currently listed for sale with an asking price of $4,900,000. This property was built in 1914 and has 25 bedrooms and 18 full baths with 13848 sq. ft. Search Woodburn real estate on www.williamraven.realtor today.

Property Features

Property Type: Residential - Single Family
Basement: Daylight, Finished
Basement: Yes
Cooling: EnergyStar Air Conditioning
Fuel Type: Gas
Heating: Forced Air95Plus
Home Style: Tri Level
Lot Size: 0.23 Acres
Roof Type: Membrane
Stories: 3.0
Taxes: $4,569
Year Built: 1914
Square Feet: 13,848

Feature Descriptions

Accessibility: Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s), Natural Lighting, Roll-in Shower
Bathroom: 6.0 (Lower), 6.0 (Main), 6.0 (Upper)
Days on Site: 23
Exterior: Patio
Exterior: Stone
Hot Water: ENERGY STAR Qualified Equipment, Tankless
Interior: Sprinkler
Kitchen: ENERGY STAR Qualified Appliances, Free-Standing Gas Range
Parking Notes: Driveway, OnStreet
Sewer: Public Sewer
Square Footage: 4616 (Lower), 4616 (Main), 4616 (Upper)
Water: Public Water

Local Schools

High School: Woodburn
Middle School: French Prairie
Elementary School: Lincoln

Listed By / Shown By

Listed By

Agency Name: Premiere Property Group, LLC
Agency Phone: 503-670-9000

Shown By

Agent Name: William Raven Broker
Agent Phone: (541) 280-9701
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 26,586.98 per month $24,777.07 Principal & Interest $380.75 Property Tax $1,429.17 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:04:50 AM EST) or RMLS (last updated Mon 03/02/2026 11:58:17 PM EST) or COAR/MLSCO (last updated Tue 03/03/2026 12:01:16 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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