615 SW Evergreen Ave

The Landaker Building is a historic icon located in the heart of Downtown Redmond, Oregon, at the prominent intersection of Evergreen Avenue and Sixth Street within the city’s Central Business District (CBD). Originally constructed in 1919, this approximately 7,500-square-foot, three-story mixed-use investment property offers a rare combination of historical character, stable income, and long-term upside potential. The building is situated on approximately 0.06 acres and is zoned C-2 CBD, allowing for a wide range of commercial and mixed-use uses.

Originally built as a one-story pool hall, the Landaker Building underwent significant renovations in 1932, during which two additional floors were added to accommodate office and residential uses. Throughout its history, the building has housed notable local businesses, including the Pastime Tavern, and has played an integral role in Redmond’s community and commercial development. Today, it remains a well-preserved example of early 20th-century architecture, capturing the charm and heritage of Downtown Redmond.

The property has high occupancy and consists of 14 total units, including two ground-floor retail suites, two commercial units on the third floor, and 10 apartment units located on the second and third floors, all serviced by an elevator. Retail tenants such as Morning Story and Salon Bliss benefit from strong foot traffic in this vibrant downtown corridor. The residential unit mix includes three two-bedroom/one-bath units, one one-bedroom/one-bath unit, and eight efficiency studio units, offering flexibility for future rent growth or potential unit reconfiguration.

The building’s designation as a property of “historical interest” does not require compliance with the Preservation of Historic Resources section of the Redmond Development Code unless a major alteration or demolition occurs. Additionally, Short-Term Rentals (STRs) are permitted on C-2 zoned properties, including those within the Downtown Overlay District (DOD), subject to applicable standards and requirements.

Overall, the Landaker Building represents a compelling opportunity to acquire a fully leased, income-producing historic asset in one of Central Oregon’s fastest-growing downtown markets, offering investors a blend of stability, character, and long-term value creation.

Redmond, Oregon – Redmond has a rich history that dates back to its founding in 1910, when it was established as a hub for agriculture and irrigation in Central Oregon. The city’s development was closely tied to the Deschutes Project, which provided essential water resources to the area. Over the decades, Redmond evolved from a small agricultural community into a thriving city, benefiting from its strategic location along major transportation routes. Today, it is known for its vibrant history, strong sense of community, and a rapidly expanding population that has been driven by its proximity to Bend and the overall growth of the region.

The character of Redmond is defined by its blend of small-town charm and modern amenities. The city offers a high quality of life with an abundance of outdoor recreational opportunities, including access to the Cascade Mountains and numerous parks. Redmond’s downtown area has also seen significant revitalization, featuring a mix of historic buildings, local businesses, and new developments that contribute to a lively and attractive environment. This combination of natural beauty, community spirit, and ongoing development makes Redmond an appealing place for both residents and businesses.

In recent years, Redmond has experienced substantial growth, with its population and economy expanding at a rapid pace. The commercial real estate market in Redmond has mirrored this growth, with increasing demand for retail, office, and industrial spaces. Investors are attracted to Redmond’s strategic location, affordable property prices, and the city’s commitment to fostering business development. As a result, Redmond has become a key player in Central Oregon’s commercial real estate landscape, offering promising opportunities for investment and development.