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    727 Milam St Shreveport, LA 71101

    For Sale
    $825,000

    Hotel/Motel - Shreveport, LA

    Lot size:
    0.28 Acres
    Days on Market:
    168
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 727 Milam St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    181437111001800
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1927
    Flooring type
    Concrete, Other
    Building materials
    Brick, Concrete
    Roof type
    Mixed
    Architectural style
    Other

    Walker-Alley & Associates (318) 222-2022

    Listing agent Danielle Cummings (318) 222-2022 License #0995687005

    Listing date Jun 21, 2025

    MLS# 20977350 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Creswell Hotel in Shreveport

    The historic 61-room Creswell Hotel, located in downtown Shreveport's Historic District, was originally constructed in 1927 as Shreveport’s first fire-proof hotel, owing to its concrete construction. The property will be transferred to the buyer in shell condition, accompanied by a set of Historic Tax Credit-approved architectural design plans for 17 residential units and 4 commercial spaces. The purchase includes a parking lot. The property is located on Common Street at Milam within the Common Art District and Downtown Historic District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Creswell Space Community Center

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.751309
    Latitude
    32.509836

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    FAQs

    What type of property is this?
    Hotel - Historic 61-room hotel with approved plans for residential and commercial spaces.
    Where is this hotel located?
    The property is located at 727 Milam St Shreveport, LA.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Historic 61-room hotel originally built in 1927.; - Solid concrete construction, originally Shreveport's first fireproof hotel.; - Historic Tax Credit approved architectural design plans for 17 Residential Units and 4 Commercial spaces included.
    (318) 222-2022
    Request Owner's contact information
    727 Milam St Shreveport, LA 71101
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    Shreveport, LA 71101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    727 Milam St Shreveport, LA 71101
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