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619 & 631 Milam Buildings for Sale w Parking

631 Milam, Shreveport, LA 71101

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Overview

631 Milam has 18,996 sq. ft. and is currently a historically restored 3 story Class B office building that is 50% occupied with medical and professional tenants in Downtown Shreveport. This building is ideal for an owner occupant. It can also be converted into as many as 12 Lofts using Federal and State Historic Tax Credits along with other historic development tax incentives. 631 Milam is actually two buildings built in 1900 & 1901 and renovated together in the mid 1980’s into one office building. Well maintained with new roof, exterior brick mortar cleaned and repointed, stucco reworked and painted in 2019. Updated interior finishes. Multiple split system HVAC. 15 parking spaces in rear lot with additional 36 in lot across the street corner Louisiana and Crockett.

619 Milam the former Goldrings Department Store is a 30,249 sq. ft. two story building with a built out basement that is ideal for an open office conversation, sound stage, recording studio or other creative use. Federal and State Historic Tax Credits and other incentives are also available to the developers.

619 & 631 Milam are Historic Buildings qualifying for 45% Federal and State Historic Tax Credit

Two parking lots are included in the sale

Both Building are currently occupied 

For Sale

Investment
Office

Secondary Uses: Flex Space

Sale Price
$2,350,000
Price Per SF
$47.7/SF
Cap Rate
0.66%
Building Size
49,242 SF
Acres
0.074 ac
Zoning
D-1-CBD
Gross Income
$19,160
Net Operating Income
$15,488
Parking Income
$12,378.39
Building Name
Shepherd Blanchard Building
Building Class
B
Number of Buildings
1
Floors
3
Year Renovated
1998
Construction Siding
Brick
Construction Type
Masonry
Parking Type
Surface
Submarket
OZ - LA Caddo
Nearest MSA
Shreveport-Bossier City
Property Use Type
Business
Property Status
Existing
Average Occupancy Rate
75%
In Opportunity Zone
Yes
County
Caddo Parish
Created
07/13/2021
Updated
09/26/2025
Listing ID
b8343266
Parcel APN
181437177000100