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    4 Milk St Portland, ME 04101

    For Lease
    $16 SF/Yr

    Historic Portland Office Building, 27,612 SF

    Lot size:
    27,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional executive office building, located at 4 Milk Street in Portland, Maine, presents a unique opportunity for businesses seeking prestigious office space in the heart of the Old Port district. The property, built in 1900, boasts a total of 27,612 square feet spread across three stories within a single building situated on a 0.16-acre lot. The building's classic architecture is complemented by modern amenities, including elevators. The space is currently configured for multiple tenants, offering flexibility for various business needs. The B3 zoning designation allows for office and business service uses, ensuring a wide range of potential applications. The property's convenient location in the vibrant Old Port area provides easy access to a variety of restaurants, shops, and cultural attractions. Its address is 4 Milk Street, Portland, ME 04101, and is identified by APN Map 29, Block B, Lot 2001 in Cumberland County. This historic building offers a blend of character and functionality, making it an ideal location for discerning businesses seeking a prominent presence in Portland's thriving commercial landscape. The property's size and zoning provide ample opportunity for expansion or adaptation to suit specific business requirements. This is a rare chance to secure a landmark property in a highly desirable location.

    Property Features for 4 Milk St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,612 SF
    Total Rate
    36816

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 202
    Size
    1,572 SF
    Rate per SF
    $20
    Space
    Suite 304
    Size
    1,746 SF
    Rate per SF
    $16

    HighLights

    • 1,572± SF of professional office space available on the 2nd floor.
    • 1,746± SF of professional office space available on the 3rd floor.
    • Convenient Old Port location with nearby parking.
    • Amenities include basement storage and a 3rd‑floor shower.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Altarum Institute Non-Profit Organization Rowley Agency Insurance Agency In Her Presence Non-Profit Organization Eunoia Hair Salon Bookkeeping Solutions Accountant

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.252537074138
    Latitude
    43.657776158828

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    FAQs

    What type of property is this?
    Office space - Historic Portland Office Building, 27,612 SF
    Where is this office space located?
    The property is located at 4 Milk St Portland, ME.
    What is the lease rate?
    The lease rate is $16-$20 SF/Yr.
    What are key features of this property?
    This property features: 1,572± SF of professional office space available on the 2nd floor.; 1,746± SF of professional office space available on the 3rd floor.; Convenient Old Port location with nearby parking.
    Request Owner's contact information
    4 Milk St Portland, ME 04101
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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
    4 Milk St Portland, ME 04101
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