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The Mikado Block 117 SW Taylor St

14,700 SF Vacant Office Building Portland, OR 97204 $3,900,000 ($265/SF)

Investment Highlights

  • Classic architecture building with nearby public transportation and businesses located in the Historic Yamhill District.
  • Multiple parking lots within 2 blocks
  • Allowed uses include a broad range of retail, office and residential among others.

Executive Summary

The Mikado Block is a classic downtown Portland historic office building originally constructed in 1880 with extensive renovation occurring in recent decades. For more than ten years the upper two floors have been leased to law firms with the ground floor leased to physical therapy and barber businesses. All spaces are available, creating an excellent opportunity for owner-occupancy. The Mikado Block is in one of the most central, active, and attractive downtown locations, situated between the Morrison and Hawthorne Bridges, within one block of Waterfront Park. Popular destinations within 3 blocks of the building include Salmon Street Springs fountain, Pioneer Place shopping center, Apple store, and Nordstrom Rack. It is also within a block of several of the most popular downtown easting establishments including Elephant’s Delicatessen, Luc Lac, and Q Restaurant. For businesses looking to secure a favorable environment to draw and retain a vibrant workforce, look no further than the Mikado Block.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,700 SF
Building Class
C
Year Built/Renovated
1900/1973
Price
$3,900,000
Price Per SF
$265
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,900 SF
Building FAR
2.81
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
CX, Portland - Central Commercial

Amenities

  • Bus Line
  • Signage
  • High Ceilings
  • Hardwood Floors

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 3,610 SF
  • Office/Retail
  • Full Build-Out
  • Now

Phenomenal open high ceiling floor terrific for either office or retail, and also inclusive of a few privates, lower level work area (connected to full basement storage area). Long window and tall window lines provide this space an abundance of light, and the corner location provides great visibility and signage opportunity. Also, only one block from the nearest MAX line, and even Waterfront Park!

  • 2nd Floor
  • 4,500 SF
  • Office
  • -
  • 30 Days
  • 3rd Floor
  • 4,500 SF
  • Office
  • Full Build-Out
  • Now

4,500 SF of office space with a break room, two restrooms, one shower, and a secured server room.

Space Size Space Use Condition Available
1st Floor 3,610 SF Office/Retail Full Build-Out Now
2nd Floor 4,500 SF Office - 30 Days
3rd Floor 4,500 SF Office Full Build-Out Now

1st Floor

Size
3,610 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

2nd Floor

Size
4,500 SF
Space Use
Office
Condition
-
Available
30 Days

3rd Floor

Size
4,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 3,610 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Phenomenal open high ceiling floor terrific for either office or retail, and also inclusive of a few privates, lower level work area (connected to full basement storage area). Long window and tall window lines provide this space an abundance of light, and the corner location provides great visibility and signage opportunity. Also, only one block from the nearest MAX line, and even Waterfront Park!

3rd Floor

Size 4,500 SF
Space Use Office
Condition Full Build-Out
Available Now

4,500 SF of office space with a break room, two restrooms, one shower, and a secured server room.

Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (95)
Bike Score ®
Biker's Paradise (91)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R245934
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,372,240
  • Listing ID: 29744950

  • Date on Market: 10/9/2023

  • Last Updated:

  • Address: 117 SW Taylor St, Portland, OR 97204

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