Share This Listing

Message

937 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

The Kailes Building 118-128 NW 23rd Ave 9,850 SF 51% Leased Retail Building Portland, OR 97210 $1,950,000 ($197.97/SF)

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

  • Heavy Foot and Vehicle Traffic
  • Open, Flexible Floorplan
  • Popular Tourist and Local Retail Destination

Executive Summary

This iconic space is ideally located on busy NW 23rd Avenue in bustling NW Portland. Steps away from some of Portland’s best shops, eateries, bars and local establishments. Quickly accessed via bus and street car with great local and tourist traffic, this location is unbeatable. The full floor second story space is ready to occupy, and with it's open layout, built-in-bar and kitchen it is well suited for a number of service-related uses. Ground level occupied by long-term, well established tenant Crossroads Trading.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,850 SF
Building Class
C
Year Built
1910
Price
$1,950,000
Price Per SF
$197.97
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.12 AC
Zoning
C3
Frontage
52’ on 23rd Ave

Amenities

  • Bus Line
  • Commuter Rail
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Founded in 1991 by Jerry Block and Chip Gerken, Crossroads Trading was one of the first to pioneer the idea of secondhand clothing as an alternative to traditional retail. Many years and stores later, their vision of providing communities with a better way to shop continues to be a guiding force in company decision-making.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 120
  • 4,850 SF
  • Retail
  • -
  • Now

RESTAURANT, SPEAKEASY, BAR, RETAIL - APPROX. 4,800 SQUARE FEET Formerly an upscale pool hall and wine bar for 20+ years, this iconic, full floor space is securely located on the 2nd level and has a built-in bar and kitchen. Steps away from some of Portland’s best shops, eateries, and bars on trendy NW 23rd Ave. Quickly accessed via bus and Streetcar with great local and tourist traffic, this location is unbeatable. An occupancy rating of A2* allows for a variety of office/service/retail options. * Tenant to verify

Space Size Space Use Position Available
120 4,850 SF Retail - Now

120

Size
4,850 SF
Space Use
Retail
Position
-
Available
Now

120

Size 4,850 SF
Space Use Retail
Position -
Available Now

RESTAURANT, SPEAKEASY, BAR, RETAIL - APPROX. 4,800 SQUARE FEET Formerly an upscale pool hall and wine bar for 20+ years, this iconic, full floor space is securely located on the 2nd level and has a built-in bar and kitchen. Steps away from some of Portland’s best shops, eateries, and bars on trendy NW 23rd Ave. Quickly accessed via bus and Streetcar with great local and tourist traffic, this location is unbeatable. An occupancy rating of A2* allows for a variety of office/service/retail options. * Tenant to verify

Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
HomeStreet Bank
U.S. Bank
Starbucks
Fred Meyer
Bank of Montreal
Keybank
Columbia Bank
Bank of America
Laughing Planet

Property Taxes

Property Taxes

Parcel Number
R277712
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$960,360
  • Listing ID: 35675172

  • Date on Market: 4/29/2025

  • Last Updated:

  • Address: 118-128 NW 23rd Ave, Portland, OR 97210

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}