11056 SE MAIN ST Milwaukie, OR $ 1,999,000
11056 SE MAIN ST
$ 1,999,000
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11056 SE MAIN ST

Milwaukie, OR, 97222
$ 1,999,000
Bedrooms-- Baths-- Sq 14,372

Monthly Estimate*

$ 12,308

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Commercial Property for sale in Milwaukie, OR

for $1,999,000. This 14,372 square foot building was built in 1948.

Rare portfolio opportunity comprising three contiguous parcels on SE Main St, offered together for the first time after 14 years of continuous owner-operation. 11020 SE Main St is home to the Golden Nugget Bar, a well-established neighborhood tavern with a loyal following and turn-key operations. 11056 SE Main St features Libbie's Restaurant, a fully functional and fully equipped dining establishment, along with six rent-producing residential units currently held below market rate, offering immediate upside potential. 11070 SE Main St adds a 20 to 25 space surface parking lot suitable for continued parking revenue, lease to area businesses, or future redevelopment. Combined, these parcels deliver multiple income streams, a proven operating history, and significant value-add potential, all just two blocks from the river. Well suited for investors and owner-operators alike.

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Commercial Active

Price

$ 1,999,000

Property Type

Commercial

Taxes

$ 12,963

Style

Commercial

Year Built

1948

Town/City

Milwaukie

County/Region

Clackamas

MLS | Web ID

318333696

Features
General
Sewer PublicSewer
Heating ForcedAir Other
Roof Flat
Zoning DMU
Year Built 1948
Sale Includes Building Business BusinessName
Property Subtype Commercial
Tax Year 2025
Current Use FoodService MultiFamily
Parcel Number 00027214
Gross Income 68641.0
County Clackamas
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions SE Washington St & SE 21st
City Milwaukie
MLS Area _145
Listing Terms Cash Conventional
Tax Annual Amount 12963.58
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 5 MILWAUKIE PT LT 6 BLK 30
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Exterior
Parking Features OffStreet
Water Source PublicWater
Total Parking 25.0
Number of Buildings 2
Building Area Total 14372.0
Other Equipment Fixtures
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Internal Only
Street Number 1 11056
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* Excluded Features
List By
Keller Williams Sunset Corridor

Broker

503-890-6527

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Affordability Calculator

$13,388
Per Month
92%
8%
0%
Monthly Principal & Interest
$12,308
Monthly Property Taxes
$1,080
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5/7/2026$1,999,000 Listed Price

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11056 SE MAIN ST, Milwaukie, OR, 97222 is a Commercial Property for sale at $1,999,000 with 14,372 sqft. 11056 SE MAIN ST was built in 1948. The property's zip code is 97222 which is in Milwaukie, OR