Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

223 S Lewis St 6,200 SF 50% Leased Retail Building Monroe, WA 98272 $1,491,455 CAD ($240.56 CAD/SF) 7% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

Gem of a building located in historic downtown Monroe. 4,800 sq.ft. retail/office space on busy SR 203. Additional detached storage building and garages on back alley. First floor retail space includes small office and 2 separate bathrooms, gas heat, large roll up door. Second floor offices include full kitchen, 3 bathrooms. 1 full bath, 1 3/4 bath and a 1/2 bath.
https://portal.onehome.com/en-US/properties/map?token=eyJPU04iOiJOV01MUyIsInR5cGUiOiIwIiwiY29udGFjdGlkIjoxNjE1MTk0LCJzZXRpZCI6IjIyMjEzODI2NSIsInNldGtleSI6IjgzMiIsImVtYWlsIjoiZ3JlZ2Fyc0Bob3RtYWlsLmNvbSIsInJlc291cmNlaWQiOjAsImFnZW50aWQiOjM3NTk1LCJWaWV3TW9kZSI6IjEifQ%3D%3D&SMS=0&searchId=f719748f-9192-3dc5-975e-3e7c3aa46dd8

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,200 SF
Building Class
C
Year Built
1905
Price
$1,491,455 CAD
Price Per SF
$240.56 CAD
Cap Rate
7%
NOI
$104,402 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.62
Lot Size
0.23 AC
Zoning
Monroe DC - Commercial - Monroe DC: Commercial Office/Retail & Light Industrial
Parking
8 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
50’ on S. Lewis

AMENITIES

  • Bus Line
  • Security System
  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 2nd Floor
  • 2,400 SF
  • Office
  • -
  • Now

Zoning: Monroe DC, Commercial Use: Office, Retail & Light Industrial. 2,400 Square foot Upper Floor Office Space. Newley remodeled. $15.50/psf Base Rent amount. Please call for NNN amount. 1,339 Square Foot Detached Garage + Building storage units attached to the building. 3,739 Total Sq Feet includes 2nd Floor Office Space, Garage and storage space. Call for more information Heavy Traffic location with great visibility. Parking in front of building and in vacant lot and 2 spaces next to garage. Minutes to Hwy 2 and SR 522. Strong Manufacturing, Retail & Industrial Trade Area. Home of Evergreen State Fair & Evergreen Health. Minutes to all Major Retail, Restaurants , Medical, Services and Hospitality Plus, so much more .Welcome to your new location in Monroe!

Space Size Space Use Position Available
2nd Floor 2,400 SF Office - Now

2nd Floor

Size
2,400 SF
Space Use
Office
Position
-
Available
Now

2nd Floor

Size 2,400 SF
Space Use Office
Position -
Available Now

Zoning: Monroe DC, Commercial Use: Office, Retail & Light Industrial. 2,400 Square foot Upper Floor Office Space. Newley remodeled. $15.50/psf Base Rent amount. Please call for NNN amount. 1,339 Square Foot Detached Garage + Building storage units attached to the building. 3,739 Total Sq Feet includes 2nd Floor Office Space, Garage and storage space. Call for more information Heavy Traffic location with great visibility. Parking in front of building and in vacant lot and 2 spaces next to garage. Minutes to Hwy 2 and SR 522. Strong Manufacturing, Retail & Industrial Trade Area. Home of Evergreen State Fair & Evergreen Health. Minutes to all Major Retail, Restaurants , Medical, Services and Hospitality Plus, so much more .Welcome to your new location in Monroe!

Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

U.S. Bank
KeyBank
Columbia Bank
WaFd Bank
Chase Bank
TacoTime
IHOP
Grocery Outlet
Safeway
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 005174-042-019-00
  • 005174-042-017-01
Land Assessment
$616,878 CAD
Improvements Assessment
$833,021 CAD
Total Assessment
$1,449,899 CAD
  • Listing ID: 39136250

  • Date on Market: 2026-01-19

  • Last Updated:

  • Address: 223 S Lewis St, Monroe, WA 98272

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}