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    422 Milam St Shreveport, LA 71101

    For Lease
    $10 SF/Yr

    6,000 sq ft, prime location, renovation-ready

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 6,000 square foot retail space, formerly Pano's Diner, is located on the ground floor of Shreveport's historic Johnson Building at 422 Milam St, Shreveport, LA 71101. The property is situated in Caddo Parish and offers a single-tenant occupancy. Its versatile layout is ideal for a restaurant, bar, or mixed-use commercial venture. The space is renovation-ready, allowing for a complete transformation to suit a wide range of concepts. This prime location benefits from high foot traffic due to its proximity to the Caddo Parish Courthouse, numerous high-rise office buildings, the Shreveport Convention Center, and local casinos. The property presents a unique opportunity to establish a thriving business within a historically significant building, capitalizing on the existing infrastructure and the vibrant energy of downtown Shreveport. The space's adaptable design allows for the creation of a modern establishment while retaining the building's inherent charm. This is a chance to create a landmark destination that caters to both local residents and visitors. The property's strategic location ensures high visibility and accessibility, making it an attractive investment for entrepreneurs seeking a prominent presence in the heart of Shreveport.

    Property Features for 422 Milam St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Size
    6,000 SF
    Rate per SF
    $10

    HighLights

    • 6,000 SF ground floor retail space in Shreveport's historic Johnson Building at 422 Milam St.
    • Single‑tenant occupancy, ideal for restaurant, bar, or mixed‑use.
    • Renovation‑ready space with versatile layout.
    • Prime downtown location with high foot traffic near the Caddo Parish Courthouse, office buildings, convention center, and casinos.
    • High visibility and accessibility in a historically significant building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.748486289301
    Latitude
    32.512249482442

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    FAQs

    What type of property is this?
    Restaurant - 6,000 sq ft, prime location, renovation-ready
    Where is this restaurant located?
    The property is located at 422 Milam St Shreveport, LA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 6,000 SF ground floor retail space in Shreveport's historic Johnson Building at 422 Milam St.; Single-tenant occupancy, ideal for restaurant, bar, or mixed-use.; Renovation-ready space with versatile layout.
    Request Owner's contact information
    422 Milam St Shreveport, LA 71101
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    Shreveport, LA 71101
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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
    422 Milam St Shreveport, LA 71101
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