10900 21St AveMilwaukie, OR 97222

For Sale
$1,525,000

Prime location, vacant, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a former bank and attached office building totaling 5,729 square feet on a 0.37-acre lot in desirable Downtown Milwaukie, Oregon. The property, located at 10900 SE 21st Ave, 97222, features two buildings constructed in 1965 and 1967, offering a combined 5,729 square feet of net rentable space. The main building, a former bank, boasts tall ceilings, floor-to-ceiling windows, and high visibility from its corner location at NE 21st Ave and Monroe Street. The attached office building provides private offices, a conference room, kitchen/breakroom, bathrooms, a server room, and storage. The property includes a substantial 22-space parking lot, low-maintenance landscaping, and a prominent monument sign. Currently vacant, this Class C property is zoned DMU (Downtown Mixed Use), presenting excellent potential for owner-user occupancy or future development. The asking price is $1,525,000 ($266.19/sq ft). Conveniently located near schools, parks, and the riverfront walk, the property also benefits from an average daily traffic count of approximately 28,972 vehicles (measured two blocks away at McLoughlin and Washington). This is a rare opportunity to acquire a well-positioned property in a thriving downtown area.

Highlights

  • 5,729 SF total building area (2,320 SF at 10900 SE 21st & 3,409 SF at 2120 SE Monroe).
  • 0.37-acre lot totaling 16,117 SF.
  • Easily divisible for two tenants; DMU zoning.
  • 22 on-site parking spaces (3.8 spaces per 1,000 SF); monument sign.
  • Walkable to schools, parks, and the riverfront.
  • High traffic count: ±28,972 average daily vehicles (two blocks away at McLoughlin & Washington).

Property Details for 10900 21St Ave

Property type
Other retail properties, Individual retail properties
Square Feet
5,729 SF
Class
C
Year Built
1965
Buildings
2
Stories
2
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Milwaukie
County
Clackamas
State
Oregon
Latitude
45.443863534235
Longitude
-122.64015360744
10900 21St Ave, Milwaukie, Oregon

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10900 21St Ave
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