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    Mercer Island, WA Commercial Real Estate for Sale

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    Issaquah, WA Bellevue, WA Seattle, WA
    Mercer Island Development Site
    $4,950,000
    3,683 SF
    Mercer Island Development Site

    3003 Island Crest Way, Mercer Island, WA 98040

    Prime development site on Mercer Island with high visibility.
    • Prime development site on Mercer Island.
    • Zoning allows for Multifamily, Office, Medical, Retail, and Mixed Use.
    • Highly visible corner location on Island Crest Way.
    • Proximity to transit: an 8‑minute walk to Mercer Island Link Light Rail Extension (opening 2024).
    • Utilities on site.
    Updated: Mar 6
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    Mercer Island Development Opportunity
    $4,950,000
    3,683 SF
    Mercer Island Development Opportunity

    3003 Island Crest Way, Mercer Island, WA 98040

    Prime development site near future light rail station.
    • Prime development site on Mercer Island.
    • Multifamily 2 (MF‑2) zoning allows for Multifamily, Office, Medical, Retail, and Mixed‑Use development.
    • Highly visible corner location along Island Crest Way.
    • Just an 8‑minute walk to the new Mercer Island Link Light Rail Extension (opening in 2024).
    • Land area of 19,169 SF / 0.44 acre.
    Updated: Jan 27
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    Mercer Island Church Opportunity
    $6,048,000
    10,468 SF
    Mercer Island Church Opportunity

    10,468 SF church in the heart of Mercer Island.

    4001 Island Crest Way, Mercer Island, WA 98040

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Building in Seattle
    $5,250,000
    7,394 SF
    Historic Mixed-Use Building in Seattle

    Iconic Seattle building with retail, office, and parking.

    3601 S McClellan St, Seattle, WA

    View details
    Retail Space in Bellevue
    Contact for pricing
    6,455 SF
    Retail Space in Bellevue

    Retail space available in Bellevue, Washington.

    10317 Main St, Bellevue, WA 98004

    View details
    Prime Downtown Bellevue Development Site
    $10,000,000
    Prime Downtown Bellevue Development Site

    Two-parcel development site near Downtown Bellevue Park and transit.

    119 107th Ave SE, Bellevue, WA 98004

    View details
    Columbia City Development Opportunity
    $350,000
    0.50 Acres
    Columbia City Development Opportunity

    Two parcels with LR3 zoning near light rail.

    3939 S Farrar Street, Seattle, WA 98118

    View details

    Off-Market Properties in Mercer Island, WA

    Consider similar Off-Market properties in Mercer Island, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2690 76th SE Ave
    RETAIL STORES (PERSONAL SERVICES)
    1,896 SF Lot: 0.19 Acres
    Value Estimation by Request

    2690 76th SE Ave, Mercer Island, WA 98040-2741

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    2830 80th SE Ave
    FINANCIAL BUILDING
    6,988 SF Lot: 0.76 Acres
    Value Estimation by Request

    2830 80th SE Ave, Mercer Island, WA 98040-2914

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    1825 72nd SE Ave
    RESTAURANT
    4,703 SF Lot: 0.50 Acres
    Estimated value
    $1,900,000

    1825 72nd SE Ave, Mercer Island, WA 98040-2109

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    2959 76th SE Ave
    HOMES (RETIRED, NURSING)
    17,750 SF Lot: 1.05 Acres
    Estimated value
    $5,500,000

    2959 76th SE Ave, Mercer Island, WA 98040-2737

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    Mercer Island, WA 98040
    ZOO
    Lot: 38.36 Acres
    Value Estimation by Request

    Mercer Island, WA 98040

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    7833 28th St
    AUTO REPAIR, GARAGE
    1,000 SF Lot: 0.30 Acres
    Estimated value
    $2,700,000

    7833 28th St, Mercer Island, WA 98040-2902

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    7419 24th St
    DENTAL BUILDING
    2,472 SF Lot: 0.19 Acres
    Value Estimation by Request

    7419 24th St, Mercer Island, WA 98040-2326

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    78th SE Ave
    PARKING LOT
    Lot: 0.23 Acres
    Value Estimation by Request

    78th SE Ave, Mercer Island, WA 98040

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    3003 81st SE Pl
    MEDICAL BUILDING
    3,683 SF Lot: 0.44 Acres
    Estimated value
    $2,855,000

    3003 81st SE Pl, Mercer Island, WA 98040

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    7810 27th St
    RESTAURANT
    1,168 SF Lot: 0.28 Acres
    Estimated value
    $1,925,000

    7810 27th St, Mercer Island, WA 98040-2924

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    3003 77th SE Ave
    OFFICE BUILDING
    155,200 SF Lot: 5.88 Acres
    Estimated value
    $108,765,000

    3003 77th SE Ave, Mercer Island, WA 98040-2837

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    7667 27th St
    PARKING LOT
    Lot: 0.14 Acres
    Value Estimation by Request

    7667 27th St, Mercer Island, WA 98040-2804

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    7667 27th St
    COMMERCIAL (GENERAL)
    6,644 SF Lot: 0.87 Acres
    Estimated value
    $1,140,000

    7667 27th St, Mercer Island, WA 98040-2804

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    2728 80th SE Ave
    AUTO REPAIR, GARAGE
    4,087 SF Lot: 0.25 Acres
    Estimated value
    $3,725,000

    2728 80th SE Ave, Mercer Island, WA 98040-2966

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    2900 78th SE Ave
    RESTAURANT
    952 SF Lot: 0.17 Acres
    Estimated value
    $1,350,000

    2900 78th SE Ave, Mercer Island, WA 98040-2821

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    7700 29th St
    WAREHOUSE, STORAGE
    8,340 SF Lot: 0.52 Acres
    Estimated value
    $1,350,000

    7700 29th St, Mercer Island, WA 98040-2810

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    2885 78th SE Ave
    COMMERCIAL (GENERAL)
    12,100 SF Lot: 1.00 Acres
    Estimated value
    $2,000,000

    2885 78th SE Ave, Mercer Island, WA 98040-2849

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    9725 36th St
    OFFICE BUILDING
    26,274 SF Lot: 1.61 Acres

    9725 36th St, Mercer Island, WA 98040-3841

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    8475 Mercer Way
    VACANT COMMERCIAL LAND
    37,104 SF Lot: 1.55 Acres
    Estimated value
    $11,350,000

    8475 Mercer Way, Mercer Island, WA 98040-5632

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    2755 77th SE Ave
    GROCERY, SUPERMARKET
    37,076 SF Lot: 2.74 Acres
    Estimated value
    $10,710,000

    2755 77th SE Ave, Mercer Island, WA 98040-2811

    View details
    7525 24th St
    OFFICE BUILDING
    200,059 SF Lot: 1.41 Acres

    7525 24th St, Mercer Island, WA 98040-2336

    View details

    Mercer Island, WA Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Mercer Island, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,834 square feet of properties for sale, with an estimated market value of $15,948,000.

    Sale prices for business properties in Mercer Island, WA start at $4,950,000, averaging $5,316,000, and reaching up to $6,048,000 — 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 25K
    Population Growth (5Y) -0.8%
    Median Household Income $202,359

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    98040 $5.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.61%
    Property Tax per SF $4.68 per SF
    Tax Rate vs County Average 0.26 pp below county avg
    Average Loan-to-Value 65.0%

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