Cheney, WA Commercial Real Estate for Sale

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Updated: Aug 21

Business Park Commercial Land

1635 Spring St, Cheney, WA 99004

$125,000

1.76 AC lot

1.76 acres of commercial land in Cheney
BP zoning supports office, medical, professional services, light industrial, and production uses
Mostly level site
Public water available
Public sewer

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Updated: Feb 2

Updated Historic Triplex

323 5th St, Cheney, WA 99004

$410,000

3,008 sqft 0.17 AC lot

3,008‑square‑foot registered historic triplex on a 0.1722‑acre corner lot
Fully occupied property with three separately metered units
Directly across from Eastern Washington University with campus views
Recent improvements include a 2025 roof, exterior paint, interior paint, and new LVP flooring
Built in 1895 and zoned RMF

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Lakefront Agricultural Land

Williams Lake Rd, Cheney, WA 99004

$4,235,000

770.00 AC lot

Fenced farmland with lake frontage, seasonal ponds, grazing use, and power serving the acreage.

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See what stands out in Spokane County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Established Auto Body Shop ForSale

2218 1st St, Cheney, WA 99004

$1,350,000

4,736 sqft 0.92 AC lot

Profitable auto body shop with equipment, business, and property included.

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Buildable Fenced Acreage with 50+ GPM Well

NKA S Ritchey Rd, Cheney, WA 99004

$499,000

87.16 AC lot

87+ acre fenced Spokane County property with productive well, power service, pasture, hay ground, and year-round pond.

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Business Park Commercial Land

1625 Spring St, Cheney, WA 99004

$90,000

0.88 AC lot

BP-zoned commercial land with public water and sewer available.

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Business Park Commercial Land

240 Fred Johns Way, Cheney, WA 99004

$75,000

0.48 AC lot

BP-zoned parcel with public water and public sewer available for commercial development.

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Business Park-Zoned Commercial Land

1638 Willow Street, Cheney, WA 99004

Contact for pricing

38,500 sqft

Vacant commercial acreage near Eastern Washington University with connectivity to I-90 and Spokane International Airport.

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Business Park Commercial Land

1628 Willow St, Cheney, WA 99004

$90,000

0.88 AC lot

Fairly level development site with BP zoning and public water and sewer service.

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Business Park Development Land

1638 Willow St, Cheney, WA 99004

$90,000

0.88 AC lot

Level BP-zoned parcel with public water and sewer available for commercial development.

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Business Park Commercial Land

1615 Spring Street, Cheney, WA 99004

Contact for pricing

21,566 sqft

BP-zoned parcel near Eastern Washington University with access to I-90 and the greater Spokane market.

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Business Park Commercial Land

1648 Willow St, Cheney, WA 99004

$90,000

0.88 AC lot

BP-zoned site with public water and sewer available.

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Business Park Commercial Land

1615 Spring St, Cheney, WA 99004

$75,000

0.49 AC lot

BP-zoned commercial land with public water and sewer available.

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Automotive Business with Flexible Occupancy

200 Betz Rd, Cheney, WA 99004

$699,999

Established automotive business offered with flexible occupancy and a month-to-month tenant paying below-market rent.

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Land, Cheney, WA

W Washington St, Cheney, WA 99004

$275,000

14.43 AC lot

Agricultural land / Farmland · 14.43 Acres

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Business Park Commercial Land

1635 Spring St St, Cheney, WA 99004

$125,000

Mostly level development site with BP zoning and stated flexibility for office, medical, light industrial, and professional service uses.

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Industrial Land Development Site

1648 Willow Street, Cheney, WA 99004

$90,000

38,563 sqft

BP-zoned parcel with a fairly level profile and access from a paved city street.

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Business Park Commercial Land

240 Fred Johns Way Way, Cheney, WA 99004

$75,000

Fairly level development site with BP zoning and access to a range of office, medical, manufacturing, and commercial applications.

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Land Parcel

0000 S Murphy Rd, Cheney, WA 99004

$129,900

1,393,920 sqft

Land parcel identified by a Cheney address along S Murphy Rd.

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Business Park Commercial Land

1625 Spring St St, Cheney, WA 99004

$90,000

Fairly level commercial parcel with BP zoning and access to office, medical, light manufacturing, production, and professional-service uses.

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Two-Building Industrial Flex Property

2416 Cheney Spokane Rd, Cheney, WA 99004

Contact for pricing

59,973 sqft

Two industrial buildings with manufacturing space, shipping/receiving areas, and on-site HVAC; one unit includes vacant second-floor space.

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Business Park Commercial Land

1615 Spring St St, Cheney, WA 99004

$75,000

Fairly level BP-zoned site suited to office, medical, production, and other commercial applications.

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Vacant Office and Retail Space

1705 2nd St, Cheney, WA 99004

$750,000

Office and retail space in prime location with high potential.

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Business Park Commercial Land

1628 Willow St St, Cheney, WA 99004

$90,000

Level BP-zoned site near Eastern Washington University with convenient I-90 access.

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Cheney, WA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Cheney, WA, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 3,670,838 square feet of properties for sale, with an estimated market value of $15,408,599.

Sale prices for business properties in Cheney, WA start at $75,000, averaging $592,638, and reaching up to $4,235,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 22K

Population Growth (5Y) +10.0%

Median Household Income $62,014

College Educated 49.8%

High-Yield Neighborhoods for Investment

Identify Cheney submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Cheney - 99004	$667.4K
Spokane - 99224	$2.8M

Taxes & Financing

Tax Rate (average for all types) 0.82%

Property Tax per SF $9.07 per SF

Tax Rate vs County Average 0.04 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Spokane County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Spokane County

Office

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Cheney fall within the 2,500 to 5,000 square foot range.

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