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10415 SE Main St 352 SF Retail Building Milwaukie, OR 97222 $525,000 ($1,491.48/SF)

Banks Oregon 10415 SE Main St, Milwaukie, OR 97222

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Investment Highlights

  • NNN lease to investment-grade tenant through 4/30/2027 — low-maintenance, in-place income
  • Located in Historic Downtown Milwaukie's main commercial corridor
  • Redevelopment upside via DMU zoning, supporting future commercial or mixed-use build-out
  • Convenient access to Hwy 99E and the Milwaukie/Main Street MAX Orange Line station

Executive Summary

10415 SE Main St offers a rare covered-land investment opportunity in the heart of Historic Downtown Milwaukie. The site is improved with an existing drive-thru building leased to a credit tenant on an absolute NNN basis through 4/30/2027, delivering secure, management-free income while preserving long-term redevelopment upside. Favorable DMU zoning allows for flexible commercial and mixed-use reuse at lease expiration, positioning the property for value-add investors targeting both near-term cash flow and future development potential in a rapidly reinvesting downtown corridor.
10415 SE Main St sits along SE Main St in the heart of Historic Downtown Milwaukie, minutes south of Portland. The site offers strong visibility along the SE Main St/McLoughlin Blvd (Hwy 99E) corridor, with flexible DMU zoning that supports redevelopment. The Milwaukie/Main Street TriMet MAX Orange Line station is a short walk away, providing direct light rail access to downtown Portland.

Attachments

10415 SE Main St | Sale Brochure

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
352 SF
Building Class
B
Year Built
1978
Price
$525,000
Price Per SF
$1,491.48
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.23 AC
Zoning
DMU - Downtown Mixed Use
Parking
5 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
63’ on SE Main St

Amenities

  • Pylon Sign
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

KeyBank began in 1825 through the chartering of the Commercial Bank of Albany and took its current form in 1994 after a merger between Society Corporation and KeyCorp. The company provides personal banking, small business banking, commercial banking, treasury and cash management, lending, and wealth management services across a broad U.S. banking network. KeyBank also serves institutional clients through capital markets, investment banking, and advisory capabilities, while Key Private Bank supports affluent and nonprofit clients with trust, portfolio management, and charitable giving services. The business remains part of a large financial services organization with long historical roots and a diversified mix of consumer, commercial, and institutional offerings.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance - - Lorem Ipsum Jan 0000
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Source: Local Logic®

Nearby Major Retailers

Curves
Bank of Montreal
Dotty's
Starbucks
New Seasons Market
Shari's Cafe & Pies
Planet Fitness
Club Pilates

Property Taxes

Parcel Number 01423070 Improvements Assessment $0
Land Assessment $0 Total Assessment $273,649

Property Taxes

Parcel Number
01423070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$273,649
(503) 729-3253

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41210199

  • Date on Market: 7/8/2026

  • Last Updated:

  • Address: 10415 SE Main St, Milwaukie, OR 97222

The Historic Milwaukie Retail Property at 10415 SE Main St, Milwaukie, OR 97222 is currently available. Contact Macadam Forbes, Inc. for more information.

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10415 SE Main St

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