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Mill Loft Retail-Office Building
For Sale
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15 Island Place, Woonsocket, RI 02895

Brand-new mill loft style building with two available spaces totaling 3,144 square feet.

Property SizeContact for details
Days on Market191

Property Features for 15 Island Place

General Information

Standard status Active
Property subtype Commercial
Lease Term []

Building Details

Year Built 1900
Construction mill loft
Tenancy Multi
Listing Agency: Mancieri Real Estate
Listed By: Garrett Mancieri
Source: Teridegnan
Added: Feb 2 Changed: Aug 12 Last Checked: Aug 12 at 3:53AM

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 Mancieri Real Estate

Investment Insights

Based on property information with market context.

This property is part of a three-building commercial portfolio and includes a mill loft style building with two available spaces. One suite is 1,620 square feet and the other is 1,524 square feet. The property is described as brand new construction, with retail and office use considerations in mind.

The address is 15 Island Place in Woonsocket, RI. The listing notes a park next door with summertime events and an “amazing riverfront location.”

The building offers two distinct suite options within a newly constructed mill-loft style setting, suited to retail or office tenants looking for flexible commercial space within the Millrace District.

Key Highlights

  • Mill loft style commercial building with two available spaces totaling 3,144 SF
  • Two rentable spaces: 1,620 SF and 1,524 SF
  • Three‑building property with multiple commercial spaces ready to rent

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Electrical Service Garden Center Gym & Fitness Center (Bike/Boat/Book/etc) Store Acupuncture

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

1,048
Businesses Nearby

Demographics for 02895, RI

43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
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
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Frequently Asked Questions

What type of property is this?
Office units - Brand-new mill loft style building with two available spaces totaling 3,144 square feet.
Where is this office units located?
The property is located at 15 Island Place Woonsocket, RI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Mill loft style commercial building with two available spaces totaling 3,144 SF; Two rentable spaces: 1,620 SF and 1,524 SF; Three‑building property with multiple commercial spaces ready to rent
More about this property
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