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1232 N State Street

Bellingham, WA 98225
  • $1,650,000
  • STATUS: Pending
  • ID#: 2523536
UPDATED: 74 min ago
$1,650,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1894
County:
Area:

School Ratings & Info

Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Saratoga Commercial R.E..
Mortgage Calculator is provided by BoomTown.

Description

Prime Downtown Bellingham Investment and Future Development Opportunity LAG # Rare offering in the heart of downtown Bellingham. 5,500 SF fully occupied, 2-tenant building located within the downtown urban village zoning and within a designated Opportunity Zone. Current NOI reflects an 8% CAP. Anchor tenants IKI Izakaya Bar and Accomplice are part of the strongest retail block of Bellingham! Other businesses include Old World Deli, The Racket, GreenHouse, Buffalo Exchange, Makeworth Coffee, Pedino, Bry’s Kitchen and Rock & Rye.

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MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-08-07T17:19:27.507. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-08-07T17:19:27.507. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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1232 N State Street Bellingham, WA 98225

  • Price: $1,650,000
  • Status: Pending
  • On Site: Days
  • Updated: 74 min ago
  • ID#: 2523536
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1894
Built
Neighborhood:
Downtown
County:
Whatcom
Area:
Bellingham
Property Description
Prime Downtown Bellingham Investment and Future Development Opportunity LAG # Rare offering in the heart of downtown Bellingham. 5,500 SF fully occupied, 2-tenant building located within the downtown urban village zoning and within a designated Opportunity Zone. Current NOI reflects an 8% CAP. Anchor tenants IKI Izakaya Bar and Accomplice are part of the strongest retail block of Bellingham! Other businesses include Old World Deli, The Racket, GreenHouse, Buffalo Exchange, Makeworth Coffee, Pedino, Bry’s Kitchen and Rock & Rye.
Exterior Features

Carport YN No Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 0 Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Concrete Heating YN No Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Natural GasWood FIRPTAYN No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms CashConventional Net Operating Income 132000 Possession Closing Possible Use Commercial Power Production Type Natural GasWood Property Sub Type Commercial Industrial Senior Community YN No Special Listing Conditions None Year Built Effective 2019 Zoning Description Commercial Zoning Jurisdiction City

MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-08-07T17:19:27.507. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-08-07T17:19:27.507. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2523536-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2523536-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2523536-1.jpg
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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Saratoga Commercial R.E..
Mortgage Calculator is provided by BoomTown.