Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    516 Stedman St Ketchikan, AK 99901

    Sponsored
    For Sale
    $799,000

    Three-story building, 5,750 sq ft, high rental income potential.

    Property size:
    5,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional three-story commercial building, located at 516 Stedman Street in Ketchikan, Alaska, presents a unique investment opportunity. Built in 1988, the 5,750 square foot structure sits on a 0.08-acre lot and offers significant rental income potential. Currently, the first and second floors are occupied, generating a combined annual gross rental income of $48,000. These floors comprise 1,572 and 1,994 square feet of rentable space, respectively, and each floor has its own individual electrical meter and separate lockable access. A central staircase, featuring a distinctive rock feature, connects all three levels. The third floor, totaling 2,104 square feet, is currently vacant and ready for immediate occupancy. This floor includes two private offices, a kitchenette, two private bathrooms, and a deck/viewing area. The building boasts five off-street parking spaces. Zoned General Commercial, this property offers incredible versatility. It could continue to operate as commercial retail/office space, or it could be easily converted into residential condominiums or employee housing. The existing owner/tenants are willing to remain as tenants or vacate upon request from a new owner. This property presents a rare chance to acquire a well-maintained, income-producing building in a desirable Ketchikan location. The possibilities are truly endless.

    Property Features for 516 Stedman St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,750 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    The Local Paper Print Shop KFMJ Radio Broadcaster

    Map

    City
    Ketchikan
    County
    Ketchikan Gateway Borough
    State
    Alaska
    Longitude
    -131.6384
    Latitude
    55.33957

    Nearby Comparable

    • $739,000
      2,386 SF

      Iconic Ketchikan Gallery for Sale

      Profitable Downtown Art Gallery, Turn-Key Operation
      318 Mission St, Ketchikan, AK 99901
      View Details
    • $1,200,000
      17.42 Acres

      Versatile Industrial Land with Building

      17+ acres of prime in-town land with mixed zoning.
      929 Stedman St, Ketchikan, AK 99901
      View Details
    • $1,050,000
      5,344 SF

      Ketchikan Office Building - Downtown Gem

      Prime Downtown Ketchikan Office Space, Stunning Views
      426 Main St, Ketchikan, AK 99901
      View Details
    • $422,000
      1,797 SF

      Ketchikan Commercial Condo - Downtown

      Prime Ketchikan Office Condo, 1797 sq ft.
      540 Water St Unit, Ketchikan, AK 99901
      View Details
    • $575,000
      1.66 Acres

      Ketchikan Land: Prime Development Site

      1.66 Acres, High-Density Residential Zoning
      7-11B Yorktown Dr, Ketchikan, AK 99901
      View Details
    • $679,000

      Ketchikan Duplex with Income Potential

      Three-bedroom home with a fully furnished one-bedroom apartment.
      764/766 Forest Ave, Ketchikan, AK 99901
      View Details
    • $1,150,000
      3,072 SF

      North Point Higgins Estate Duplex

      Ketchikan duplex with main residence, apartment, and ground floor shop.
      243 W Mattle Rd, Ketchikan, AK 99901
      View Details
    • $1,850,000
      6,580 SF

      400 Js Dr, Craig, AK 99921

      Commercial real estate • 6,580 SF
      400 Js Dr, Craig, AK 99921
      View Details
    • $599,000
      1,055 SF

      Craig Waterfront Restaurant Opportunity

      Profitable Turn-Key Restaurant in Craig, AK
      405 Front St, Craig, AK 99921
      View Details

    Nearby Similar for Sale

    • $679,000

      Ketchikan Duplex with Income Potential

      Three-bedroom home with a fully furnished one-bedroom apartment.
      764/766 Forest Ave, Ketchikan, AK 99901
      View Details
    • $1,150,000
      3,072 SF

      North Point Higgins Estate Duplex

      Ketchikan duplex with main residence, apartment, and ground floor shop.
      243 W Mattle Rd, Ketchikan, AK 99901
      View Details
    • $739,000
      2,386 SF

      Iconic Ketchikan Gallery for Sale

      Profitable Downtown Art Gallery, Turn-Key Operation
      318 Mission St, Ketchikan, AK 99901
      View Details
    • $1,050,000
      5,344 SF

      Ketchikan Office Building - Downtown Gem

      Prime Downtown Ketchikan Office Space, Stunning Views
      426 Main St, Ketchikan, AK 99901
      View Details
    • $422,000
      1,797 SF

      Ketchikan Commercial Condo - Downtown

      Prime Ketchikan Office Condo, 1797 sq ft.
      540 Water St Unit, Ketchikan, AK 99901
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Three-story building, 5,750 sq ft, high rental income potential.
    Where is this commercial real estate located?
    The property is located at 516 Stedman St Ketchikan, AK.
    What is the asking price?
    The asking price for this property is $799,000.
    (907) 247-5811
    Request Owner's contact information
    516 Stedman St Ketchikan, AK 99901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 Stedman St
    Ketchikan, AK 99901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 Stedman St Ketchikan, AK 99901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.