North Main Village

For Sale

10558 Southeast Main Street, Milwaukie, OR 97222

This Milwaukie property for sale is located at 10558 Southeast Main Street. The current listed sale price for North Main Village is $2,875,000.

Contacts

broker
Ryan Imbrie

SVN | Imbrie Realty

Property Details

  • Property Type Retail - Street Retail
  • Property Size 8,826 SF
  • Property Tenancy Multi-Tenant
  • Year Built 2006
  • Date Updated May 29, 2025
Located in historic old town Milwaukie, OregonNorth Main Village offers investors a compelling blend of stable cash flow and long‑term upside: the fully leased, 8,828 SF neighborhood center—built in 2006—houses five internet‑resistant service and food tenants whose leases feature scheduled rent bumps and multiple renewal options, producing an in‑place net operating income of roughly $180,190 while passing through taxes, insurance, and CAM charges to the occupants. Rents average just $21.49 per SF, leaving mark‑to‑market potential as downtown Milwaukie continues its revitalization. The property enjoys a highly walkable, bike‑friendly location (Walk Score 77, Bike Score 89) on Main Street, minutes from light rail, and draws on a one‑mile trade area of more than 10,500 residents with average household incomes topping $82,000—an affluent consumer base that supports year‑round demand. Modern construction minimizes near‑term capital needs, Oregon’s zero‑sales‑tax retail environment bolsters tenant performance, and the Portland MSA’s limited pipeline for new retail supply creates favorable supply–demand dynamics. Taken together, North Main Village delivers immediate, durable yield with built‑in rent growth in a high‑barrier submarket poised for continued population and income gains.
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Highlights

  • 100% Occupied, Fully Leased with Strong Tenant Mix
  • Built-In Rent Growth
  • Low Maintenance, Modern Construction
  • Prime Location, Outside of Multnomah County

Getting around

  • 74/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 89/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Milwaukie, OR
  • Neighborhood Historic Milwaulkie
  • Zip Code 97222
  • Market Portland

Points of Interest

  • Oaks Park

    1.99 miles

  • Willamette Shore Trolley Lake Oswego Station

    2.17 miles

  • Bancroft Street

    3.54 miles

  • Marquam Hill

    4.20 miles

  • Southeast Water/OMSI

    4.31 miles

  • Lents Town Center/Southeast Foster Road

    4.32 miles

  • Southeast Martin Luther King & Mill

    4.48 miles

  • Southeast Grand & Mill

    4.49 miles

  • PSU South/Southwest 5th & Jackson

    4.77 miles

  • Southeast Holgate Boulevard

    4.78 miles

  • Tesla Destination Charger

    0.12 miles

  • PGE Electric Avenue Milwaukie

    0.15 miles

  • 76

    0.21 miles

  • Astro

    0.25 miles

  • Chevron

    0.66 miles

  • Safeway Fuel Station

    1.09 miles

  • Fred Meyer

    1.54 miles

  • Shell

    1.89 miles

  • Fastrak

    2.05 miles

  • Electrify America

    2.19 miles

  • Milwaukie

    0.41 miles

  • SE Tacoma/Johnson Creek

    1.09 miles

  • SE Park Ave

    1.22 miles

  • Horse Parking

    1.65 miles

  • West Parking

    2.40 miles

  • East Parking

    2.44 miles

  • Christ Church Parish

    2.52 miles

  • North Parking

    2.61 miles

  • Oaks Bottom Trail Head

    2.74 miles

  • Olena's Spa & Salon

    3.15 miles

  • Ohana Hawaiian Cafe

    0.02 miles

  • Casa de Tamales

    0.03 miles

  • Rice Thai Cookery

    0.04 miles

  • Pietro's

    0.11 miles

  • Gramma's Corner Restaurant

    0.17 miles

  • Main Street Soda Fountain

    0.19 miles

  • Ovation Bistro & Bar

    0.22 miles

  • Cha! Cha! Cha!

    0.24 miles

  • Libbie's

    0.25 miles

  • Teppanyaki Hut

    0.39 miles

  • New Seasons Market

    0.74 miles

  • Safeway

    1.14 miles

  • Montelupo Italian Market

    1.93 miles

  • QFC

    2.08 miles

  • Fred Meyer

    2.11 miles

  • Zupan's

    2.32 miles

  • Whole Foods Market

    2.35 miles

  • Walmart Neighborhood Market

    2.61 miles

  • Bi-Mart

    2.61 miles

  • Big Lots

    2.84 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Ryan Imbrie

SVN | Imbrie Realty

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