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Downtown Office Suite with Natural Light
For Lease
$15.50 SF/Yr

5 Milk Street, Portland, ME 04101

Modern office space with private offices, open area, and storage, featuring abundant natural light and a street-level entrance.

Property Size4,473 SF
Days on Market61

Property Features for 5 Milk Street

General Information

Standard status Active
Size 4,473 SF
Property subtype Retail

Additional Details

Highway Access Yes

Amenities

private street-level entrance

Building Details

Year Built 1900
Construction brick & beam
Listing Agency: The Boulos Company
Listed By: Samantha Marinko · License #920832
Source: Boulos
Added: Jun 2 Changed: Jul 22 Last Checked: Jul 31 at 5:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company

Investment Insights

Based on property information with market context.

This downtown office space offers approximately 4,473± SF of modern workspace within a historic brick and beam building. The interior configuration includes a mix of private offices, an open area, and storage space. The suite also benefits from excellent natural light and a private street-level entrance.

The building is in an “Old Port” area and neighbors a parking garage, with ample street parking in the surrounding area. Easy access to/from the highway is noted in the remarks.

As presented, the space is well suited to an office tenant looking for a combination of enclosed rooms and collaborative/open work areas, supported by dedicated storage within the suite.

Key Highlights

  • 4,473± SF modern office space in a historic brick and beam building
  • Exceptional natural light throughout
  • Street‑level private entrance

Property Analytics

Current Use

Portland Webworks, Inc. (Bike/Boat/Book/etc) Store GEI Consultants Inc. Engineering Consultant GEI Consultants Engineering Consultant Atlantic Bay Co Real Estate Agency Fore River Management Property Management Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Auto Parts Store Mobile Phone Store Tanning Salon Nursing Home

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,360
Businesses Nearby

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Modern office space with private offices, open area, and storage, featuring abundant natural light and a street-level entrance.
Where is this office units located?
The property is located at 5 Milk Street Portland, ME.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: 4,473± SF modern office space in a historic brick and beam building; Exceptional natural light throughout; Street‑level private entrance
More about this property
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