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Renovated Mixed-Use Building
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2421-2455 SE 11th Ave, Portland, OR 97214

Multi-tenant commercial property with retail exposure, natural light, and flexible space for an owner-user or additional leasing.

Property Size12,740 SF
Lot Size0.42 Acres
Days on Market142

Property Features for 2421-2455 SE 11th Ave

General Information

Standard status Active
Size 12,740 SF
Lot size 0.42 Acres
Property subtype Office, Mixed Use
Occupancy 25%

Building Details

Year Renovated 2013
Buildings 1
Building Size 12,740 SF
Tenancy Multi
Listing Agency: Macadam Forbes
Listed By: Rod Brokenshire · License #OR
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 1:58AM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

The Allan Building is a renovated mixed-use property comprising 12,740 square feet within an 18,227-square-foot land area. Updated in 2013, the multi-tenant building includes an operating business occupying 25% of the interior, while 9,543 square feet remains available for lease or owner occupancy. Retail-facing exposure and substantial natural light support a range of commercial configurations.

The property is located in Portland’s Central Eastside at 2421-2455 SE 11th Ave. Nearby destinations include the Oregon Museum of Science and Industry and the Eastbank Esplanade along the Willamette River, with dining, shopping, and entertainment located in the surrounding area. The offering includes a leasehold interest in the property.

Key Highlights

  • 12,740 SF mixed‑use building on 18,227 SF of land
  • Renovated in 2013
  • Multi‑tenant property with one business occupying 25% of the building

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Pet Grooming Service Mobile Phone Store Butcher (Bike/Boat/Book/etc) Store Supermarket Locksmith

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

25%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,992
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-tenant commercial property with retail exposure, natural light, and flexible space for an owner-user or additional leasing.
Where is this mixed-use property located?
The property is located at 2421-2455 SE 11th Ave Portland, OR.
What are key features of this property?
This property features: 12,740 SF mixed‑use building on 18,227 SF of land; Renovated in 2013; Multi‑tenant property with one business occupying 25% of the building
(503) 227-2500 Call to check price and availability
More about this property
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