1221 SE MADISON ST Portland, OR $ 1,795,000
1221 SE MADISON ST
$ 1,795,000
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1221 SE MADISON ST

Portland, OR, 97214
$ 1,795,000
Bedrooms-- Baths-- Sq 5,033

Monthly Estimate*

$ 11,198

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Commercial Property for sale in Portland, OR

for $1,795,000. This 5,033 square foot building was built in 1960 on a lot size of 0.17.

A true midcentury office building in the heart of Hawthorne/inner SE. Built in 1960 with exposed beams, butterfly ceiling and remnants of the original grass cloth, this has been a beloved property to owner occupied users and later an investment property. It has been home to school district offices, a CPA firm and most recently a natural health clinic. ADA ramp to lower level provides wheelchair accessibility. Two separate entrances and separation allow for multiple tenants. Upstairs features 2545 sf, 8 spacious individual offices, a large lobby and 2 bathrooms (One of the offices features a sink area that could be a kitchenette/break room). Lower level is 2488sf with a kitchenette, 2 bathrooms and 9 smaller offices and a lobby. Several configuration options, but 19 offices and 2 lobby areas as it sits! Nice rear parking lot with at least 6 spots. Lower level recently upgraded with luxury vinyl floors & 2024 waterproofing/trenching system. Furnace replacement (2024). So many options - designers/law offices/real estate office...Listing Agent is related to seller and a Co-Trustee for trust selling the property. Seller will consider carrying a contract.

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Commercial Pending

Price

$ 1,795,000

Property Type

Commercial

Taxes

$ 13,093

Style

Commercial

Lot Size

0.17

Year Built

1960

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24466195

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Zoning CM2
Year Built 1960
Sale Includes Building
Stories Count 2
Property Subtype Commercial
Tax Year 2024
Current Use MedicalDental Office
Parcel Number R176922
Gross Income 0
Business Name The Madison Building
County Multnomah
Operating Expense 0
Property Type CommercialSale
HOA N
Status Pending
Directions Just North of SE Hawthorne Blvd at SE 11th and Madison
City Portland
MLS Area _143
Lot Size Square Feet 7405.0
Listing Terms Cash Contract Conventional
Tax Annual Amount 13093.0
Property Condition Existing
Virtual Tour https://tours.thescenicroutestudios.com/1221semadisonst?b=0
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description HAWTHORNE PK BLOCK 253 E 1/2 OF LOT 5&6
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Exterior
Water Source PublicWater
Total Parking 6.0
Number of Buildings 1
Building Area Total 5033.0
Lot Size Acres 0.17
Road Surface Type Paved
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Internal Only
Street Number 1 1221
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* Excluded Features
List By
Windermere Realty Trust

Broker

503-803-7678

Contact

Affordability Calculator

$12,290
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,198
Monthly Property Taxes
$1,091
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/13/2025$1,795,000 Listed Price

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1221 SE MADISON ST, Portland, OR, 97214 is a Commercial Property for sale at $1,795,000 with 5,033 sqft and a lot size of 0.17. 1221 SE MADISON ST was built in 1960. The property's zip code is 97214 which is in Portland, OR