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Flexible Multi-Tenant Industrial Building
For Sale
$7,950,000

1100 NW 21ST Ave, Portland, OR 97209

CommercialSale, Portland, OR

Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$795
Days on Market492

Property Features for 1100 NW 21ST Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning CM2
Directions NW Marshall St to NW 21st Ave
Subdivision _148
Standard status Active
APN R141276
Size 10,000 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description COUCHS ADD, LOT 17 BLOCK 287, LOT 18 BLOCK 287
Tax Annual Amount 21073
Legal Description COUCHS ADD, LOT 17 BLOCK 287, LOT 18 BLOCK 287

Utilities

Heating system Ceiling

Building Details

Year built 1925
Floors in Building 1
Building materials Concrete
Roof type Flat, Membrane
Listing Agency: eXp Realty, LLC
Listed By: Stephen FitzMaurice
Added: Apr 22, 2025 Changed: Aug 25 Last Checked: Aug 26 at 3:06AM
MLS# 432558020

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 10,000-square-foot flex building occupies a 0.23-acre site and includes concrete construction, ceiling heating, and a flat membrane roof. Built in 1925, the property has been upgraded and is configured with five separate addresses. The interior can be partitioned for up to five independent tenants, creating a flexible framework for multi-tenant occupancy or a single-user operation.

Located in Portland, Oregon, the property is zoned CM2. The source information identifies the designation as supporting light industrial, office, retail, and redevelopment uses. The site is positioned in the NW Portland corridor with foot traffic, transit access, and nearby amenities.

Key Highlights

  • 10,000‑square‑foot flex building on a 0.23‑acre site
  • Five separate addresses with partitioning capacity for up to five tenants
  • CM2 zoning supports light industrial, office, retail, and redevelopment uses

Property Analytics

Current Use

Gabriel's Bakery Bakery Alameda Carpet & Upholstery ... Carpet Cleaning Service

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Storage Facility Food Market Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

7,253
Businesses Nearby
Balanced
Demand for This Use

Demographics for 97209, OR

22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value

Market

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019
4.1% 2020
2.5% 2021
2.1% 2022
4.2% 2023
5.5% 2024
6.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Jake's Catering 614 SW 11th Ave, Portland, OR 97205
  • The Edible Life Personal Chef Services 807 SW Green Ave, Portland, OR 97205, United States
  • Crown Paella 2174 W Burnside St, Portland, OR 97210
  • As Good As It Gets Catering 1121 W Burnside St, Portland, OR 97209
  • Art of Catering 1019 NW Everett St, Portland, OR 97209

Frequently Asked Questions

What type of property is this?
Flex space - CM2 zoning, multiple addresses, and adaptable interior space support a range of commercial configurations.
Where is this flex space located?
The property is located at 1100 NW 21ST Ave Portland, OR.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 10,000‑square‑foot flex building on a 0.23‑acre site; Five separate addresses with partitioning capacity for up to five tenants; CM2 zoning supports light industrial, office, retail, and redevelopment uses
More about this property
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