Historic Office Building with Modern
For Lease
Contact for pricing
617-635 SW Morrison St, Portland, OR 97205
185,000 SF historic office building offers modernized lobbies, elevators, restrooms, roof, and upgraded HVAC systems.
Property Size11,491 SF
Days on Market566
Property Features for 617-635 SW Morrison St
General Information
Standard status
Active
Size
11,491 SF
Property subtype
OFFICE
Amenities
fitness & bike storage facilities
lobbies
elevators
restrooms
new roof
fire/life safety
upgraded HVAC systems
Listing Agency:
Menashe Properties
(503) 505-7120
Listed By:
Carter Beyl
(503) 505-7120
Source:
Moodyscre
Added: Jan 13, 2025
Changed: Jul 25
Last Checked: Aug 1 at 2:28PM
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 Menashe Properties
Investment Insights
Based on property information with market context.
The American Bank Building is a historic office property now Fitwell and EnergyStar certified, with substantial modernization supported by nearly $10M in capital upgrades. Renovations include fitness and bike storage facilities, updated lobbies, elevators, and restrooms, as well as a new roof, fire/life safety improvements, and upgraded HVAC systems.
The building is located across Pioneer Square, also known as “Portland’s Living Room.” Transportation options referenced include the TriMet MAX line and the Nike Bike Town Bicycle program.
On the ground floor, the property is expected to welcome new food and service vendors to join existing retailers, supporting an active amenity base.
The building is located across Pioneer Square, also known as “Portland’s Living Room.” Transportation options referenced include the TriMet MAX line and the Nike Bike Town Bicycle program.
On the ground floor, the property is expected to welcome new food and service vendors to join existing retailers, supporting an active amenity base.
Key Highlights
- 185,000 SF historic office building modernized with nearly $10M in capital upgrades
- Fitwell and EnergyStar certified building
- Renovations include updated lobbies, elevators, and restrooms
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 97205, OR
8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value
Market
Lease Benchmarks for Portland, OR
$18.37 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
21,894 SF
Avg Space Size
This space is priced 36% above the average of $18.37 /SF/Yr.
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Office building - 185,000 SF historic office building offers modernized lobbies, elevators, restrooms, roof, and upgraded HVAC systems.
Where is this office building located?
The property is located at 617-635 SW Morrison St Portland, OR.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 185,000 SF historic office building modernized with nearly $10M in capital upgrades; Fitwell and EnergyStar certified building; Renovations include updated lobbies, elevators, and restrooms
