1200 Lakeway Drive Bellingham, WA $ 1,795,000
1200 Lakeway Drive
$ 1,795,000
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1200 Lakeway Drive

Bellingham, WA, 98229
$ 1,795,000
Bedrooms-- Baths--

Monthly Estimate*

$ 11,052

Listed by Sun-Mark Real Estate Inc.
1200 Lakeway Drive, Bellingham, WA 98229 - Image 1
1200 Lakeway Drive, Bellingham, WA 98229 - Image 2
1200 Lakeway Drive, Bellingham, WA 98229 - Image 3
1200 Lakeway Drive, Bellingham, WA 98229 - Image 4
1200 Lakeway Drive, Bellingham, WA 98229 - Image 5
1200 Lakeway Drive, Bellingham, WA 98229 - Image 6
1200 Lakeway Drive, Bellingham, WA 98229 - Image 7
1200 Lakeway Drive, Bellingham, WA 98229 - Image 8
1200 Lakeway Drive, Bellingham, WA 98229 - Image 9

Commercial Property for sale in Bellingham, WA

for $1,795,000. This building was built in 1945 on a lot size of 0.2262.

Prime Commercial Opportunity on Lakeway Drive. Exceptional investment or owner-user opportunity in a high-visibility Lakeway Drive corridor, just minutes from I-5 and major retail centers. This well-maintained building features a recently remodeled interior and is fully occupied by nine established tenants, including medical, acupuncture, massage therapy, and counseling professionals and real estate office providing a stable and diversified income stream. Ideal for partial owner-occupancy, the property offers the flexibility to occupy a suite while generating income from eight existing tenants. Strong daily traffic counts exceeding 30,000 vehicles ensure outstanding exposure and consistent business visibility. High-demand commercial area, this property presents a rare opportunity to secure steady income with long-term growth potential.

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Commercial Active

Price

$ 1,795,000

Property Type

Commercial

Taxes

$ 0

Style

Comm Bldg Und 10K

Lot Size

0.2262

Year Built

1945

Town/City

Bellingham

County/Region

Whatcom

MLS | Web ID

2537994

Features
General
Living Area 0
Sewer Available Sewer Connected
Heating Baseboard Ductless Forced Air Wall Furnace
Cooling Central Air Ductless
Possession Closing
Roof Composition Flat Metal
HOA Fee 0
Year Built 1945
Topography Level
Property Subtype Commercial Industrial
Tax Year 2026
County Whatcom
Property Type Commercial Sale
HOA N
Subdivision Name Puget
Possible Use Business Commercial Office
Special Listing Conditions None
Status Active
Directions I-5 exit 253 East on Lakeway Drive SE corner of Lakeway Drive and Nevada Street
City Bellingham
Senior Community Y/N N
Zoning Description Business Commercial Office
Number Of Units Total 0
MLS Area 860 - Bellingham
Lot Size Units Square Feet
Lot Size Square Feet 9853
Carport Y/N N
Listing Terms Cash Conventional
Property Condition Very Good
Public Remarks Prime Commercial Opportunity on Lakeway Drive. Exceptional investment or owner-user opportunity in a high-visibility Lakeway Drive corridor just minutes from I-5 and major retail centers. This well-m
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City of Bellingham
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5.8
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Exterior
Exterior Amenities Brick Metal/Vinyl Wood
Water Source Public
Total Parking 0
Foundation Details Block Poured Concrete
Building Area Total 0
Lot Dimensions 75x131
Lot Size Acres 0.2262
Irrigation Water Rights Y/N N
Lot Number 1 & 2
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Interior
Flooring Ceramic Tile Laminate Stone Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Ceiling Height 8 and 12
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2537994
Street Number 1 1200
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* Excluded Features
List By
Azam Nader

Listing Agent

Sun-Mark Real Estate Inc.

Broker

Affordability Calculator

$11,052
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,052
Monthly Property Taxes
--
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
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/10/2026$1,795,000 Listed Price

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1200 Lakeway Drive, Bellingham, WA, 98229 is a Commercial Property for sale at $1,795,000 with a lot size of 0.2262. 1200 Lakeway Drive was built in 1945. The property's zip code is 98229 which is in Bellingham, WA