1700 Iowa Bellingham, WA ^$ 8,400,000

1700 Iowa

^$ 8,400,000

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1700 Iowa

Bellingham, WA, 98225

^$ 8,400,000

Studio Baths0.0

Monthly Estimate*

^$ 58,677

Listed by Pacific Continental Realty LLC

1700 Iowa, Bellingham, WA 98225 - Image 1

1700 Iowa, Bellingham, WA 98225 - Image 2

1700 Iowa, Bellingham, WA 98225 - Image 3

1700 Iowa, Bellingham, WA 98225 - Image 4

1700 Iowa, Bellingham, WA 98225 - Image 5

1700 Iowa, Bellingham, WA 98225 - Image 6

Studio

Commercial Property for sale in Bellingham, WA

for $8,400,000. This building was built in 1979 on a lot size of 3.2194.

Investor Alert! Iowa Business Center in Bellingham is a well-maintained office/retail location with 3 buildings situated on 3.22 acres with ample parking, excellent visibility, easy access to I-5, & downtown Bellingham. This 18-unit center has a very high historical occupancy with many long-term tenants. Base rents range from $12.95 to $18.13 psf plus nnn leaving room for resetting rents upon tenant turnover. The property has been professionally managed and maintained by PCR for the last 18 years and is good condition for the next investor to stay the course or create a new vision for the Center.

Commercial Active

Price

^$ 8,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Comm Bldg Ovr 10K

Lot Size

3.2194

Year Built

1979

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2185304

Features

General

Sewer Sewer Connected

Possession Tenant's Rights

HOA 0

Year Built 1979

Property SubType Commercial Industrial

County Whatcom

Property Type Commercial Sale

HOA / Comm Assn N

Subdivision Name Roosevelt

Possible Use Industrial

Building Features Disabled Access

Special Listing Conditions None

Status Active

Directions Iowa Street exit East on Iowa Street. Property on right after Pacific Street intersection

City Bellingham

Buyer Agent Compensation 2.5

Senior Community Y/N N

Total Units 0

MLS Area 860 - Bellingham

Lot Size Square Feet 140236

Carport Y/N N

Street Name Iowa

Property Condition Good

Public Remarks Investor Alert! Iowa Business Center in Bellingham is a well-maintained office/retail location with 3 buildings situated on 3.22 acres with ample parking excellent visibility easy access to I-5 & dow

Structure Type Unspecified

Building Area Units Square Feet

Standard Status Active

Zoning Class Industrial-Light

Property Style 61 - Comm Bldg Ovr 10K

Cap Rate 6.14

Exterior

Total Parking 0

Building Area Total 0

Lot Size Acres 3.2194

Lot Size Units Square Feet

Open Parking Y/N N

Irrigation Water Rights Y/N N

Interior

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Living Area Units Square Feet

Power Production Type Electric

Internal Only

OriginalMLSID NWM2185304

Street Number 1 1700

* Excluded Features

List By

James W. Bjerke

Listing Agent

Pacific Continental Realty Llc

Broker

Affordability Calculator

$58,677

Per Month

Monthly Principal & Interest: $58,677
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Commerical listings in Bellingham, WA

Average List Price ^$1,705,209

Percent of Sale Price 80%

About Bellingham, WA

88,482 Population

28% Since 2002

^$49,282 Median Income

34.17 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

258624 Elementary School

258775 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/13/2023	$8,400,000		Listed Price

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1700 Iowa, Bellingham, WA, 98225 is a Commercial Property for sale at $8,400,000 with a lot size of 3.2194. 1700 Iowa is a studio with 0.0 baths and was built in 1979. The property's zip code is 98225 which is in Bellingham, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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1700 Iowa

Commercial Property for sale in Bellingham, WA

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