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    1241 NW Johnson St Portland, OR 97209

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    For Lease
    Contact for pricing

    Prime retail space in a bustling mixed-use property.

    Property size:
    2,280 SF
    Lot size:
    0.92 Acres

    Property Features for 1241 NW Johnson St

    General Information

    Size
    2,280 SF
    Lot size
    0.92 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Kathleen Healy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pearl District Retail Opportunity

    Constructed in 2018, this Class A LEED Gold mixed-use property, known as Heartline, features 367,000 square feet of residential and commercial spaces across two buildings. The available retail space is located on the ground floor of a 5-story mid-rise building, fronting NW 13th Avenue with office spaces above. The property features a brick façade, exposed steel and timber interiors, and outdoor retail seating on elevated Pearl District docks. The retail opportunity is situated in the heart of the bustling Pearl District, which sees over 6,000 daily walking visits to Heartline and the surrounding blocks. Current ground floor retail tenants include Kure Juice and Battle Creek Cellars. Nearby retailers include Design Within Reach, 24 Hour Fitness, Jojo, Safeway, Nossa Coffee, River Pig, and Irving Street Tapas. The available retail space offers 2,280 square feet.
    Location Intelligence

    Current Use by Public Records

    Kinnamons Bakery Heartline Apartment Building

    Suggested Use

    Restaurant Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Food Market Law Firm Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.683863
    Latitude
    45.52899

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in a bustling mixed-use property.
    Where is this retail space located?
    The property is located at 1241 NW Johnson St Portland, OR.
    What are key features of this property?
    This property features: - Class A LEED Gold certified mixed-use property, built in 2018.; - Located in the heart of the bustling Pearl District with high foot traffic (6,000 daily visits).; - Features a 15-story residential tower and a 5-story mid-rise building with retail and office spaces.
    (503) 880-3033
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    1241 NW Johnson St Portland, OR 97209
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    Portland, OR 97209
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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
    1241 NW Johnson St Portland, OR 97209
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