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Schoolhouse Factory Building 2181 NW Nicolai St 125,000 SF Industrial Building Portland, OR 97210 $8,250,000 ($66/SF)



INVESTMENT HIGHLIGHTS
- 4 Floors + Basement (Approx. 25,000 SF each)
- Main floor boasts a high-end cafe adjoining high ceiling, old growth timber adorned showroom
- All New Systems Throughout, 3 Service Elevators + Heavy 3-Phase throughout
- Combination of improved spaces, open creative / assembly areas & light manufacturing
- Floors 2-4 feature recently Updated Period-Centric Office Buildout with City Views
- Dock-High with Loading Ramp (5 Doors Total)
EXECUTIVE SUMMARY
Available FOR SALE or FOR LEASE
Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community.
The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations.
Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use.
Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland.
Contact us today for more details and to schedule a private tour of this unique property.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Wheelchair Accessible
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
| Space | Size | Space Use | Condition | Available |
| Basement | 25,000 SF | Industrial | Full Build-Out | Dec 2026 |
| 1st Floor | 25,000 SF | Industrial | Full Build-Out | Dec 2026 |
| 2nd Floor | 25,000 SF | Industrial | Full Build-Out | Dec 2026 |
| 3rd Floor | 25,000 SF | Industrial | Full Build-Out | Dec 2026 |
| 4th Floor | 25,000 SF | Industrial | Full Build-Out | Dec 2026 |
Basement
| Size |
| 25,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Dec 2026 |
1st Floor
| Size |
| 25,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Dec 2026 |
2nd Floor
| Size |
| 25,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Dec 2026 |
3rd Floor
| Size |
| 25,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Dec 2026 |
4th Floor
| Size |
| 25,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Dec 2026 |
Basement
| Size | 25,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Dec 2026 |
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
1st Floor
| Size | 25,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Dec 2026 |
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
2nd Floor
| Size | 25,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Dec 2026 |
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
3rd Floor
| Size | 25,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Dec 2026 |
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
4th Floor
| Size | 25,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Dec 2026 |
**Contact broker for details regarding remaining lease term and availability. Available FOR SALE or FOR LEASE Cushman & Wakefield is proud to offer this exciting and culturally significant development in Portland’s real estate and design community. The Schoolhouse Factory Building is a historic and architecturally iconic structure located at 2181 NW Nicolai Street. For years, this four-story, 125,000+ square foot building has served as the headquarters, showroom, and manufacturing facility for Schoolhouse Electric, one of Portland’s most beloved and nationally recognized design brands. With Schoolhouse transitioning out of the space, the building presents a rare opportunity for a new chapter in one of the city’s most storied locations. Built in 1910 and designed by renowned architect John Virginius Bennes, the building is listed on the National Register of Historic Places as the Pacific Hardware & Steel Company Warehouse. It stands as a remarkable example of early 20th-century industrial architecture — thoughtfully restored to preserve its original character while supporting modern creative use. Schoolhouse Electric, founded in 2003, has been a landmark trailblazer in American lighting and home goods. Their mission — to create new-generation heirlooms — has been deeply tied to this physical space, which has become emblematic of Portland’s design-forward, hands-on spirit. This transition marks both the end of an era and the beginning of a new opportunity for an entrepreneur, creative enterprise, or company that values the cultural and architectural legacy of Portland. Contact us today for more details and to schedule a private tour of this unique property.
PROPERTY TAXES
| Parcel Number | R316349 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,402,840 |
PROPERTY TAXES
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Schoolhouse Factory Building | 2181 NW Nicolai St
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