Mixed-Use Building with
For Sale
$699,900
108 E MAIN Ave, Chewelah, WA 99109
Commercial, CHEWELAH, WA
Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$291.63
Days on Market451
Property Features for 108 E MAIN Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
On Street
Exterior features
Road Frontage
Directions
Turn east on Main Ave when your in Chewelah. Property on the right.
Subdivision
S3 - Chewelah
Standard status
Active
APN
0203800
Size
2,400 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
CHEWELAH CHAWELAH LOT 4 BLK D
Legal Description
CHEWELAH CHAWELAH LOT 4 BLK D
Utilities
Cooling system
Ductless
Water source
Public
Building Details
Buildings
1
Listing Agency:
RE/MAX SELECT ASSOCIATES · RE/MAX International
(509) 684-1000
Listed By:
Bardwell Real Estate Team · License #23029623
(509) 690-1080
Added: Aug 4, 2025
Changed: Oct 27
Last Checked: Oct 28 at 3:06AM
MLS# 44999
Copyright © 2026 Northeast Washington Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot mixed-use property has two 600-square-foot office spaces on the main level and a furnished 1,200-square-foot apartment upstairs. The building’s brick exterior has been cleaned, repointed, and painted. Improvements include new electrical panels, an insulated roof, and Mitsubishi mini-split systems in every unit.
The property occupies a 0.1-acre parcel in downtown Chewelah, Washington, with road frontage and public water. Parking is on street.
The property occupies a 0.1-acre parcel in downtown Chewelah, Washington, with road frontage and public water. Parking is on street.
Key Highlights
- Two 600‑square‑foot offices on the main level
- Furnished 1,200‑square‑foot apartment upstairs
- 2,400‑square‑foot building on a 0.1‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,366
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,320
$687.3K
Cap Rate 7%
$490,943
$490.9K
Cap Rate 9%
$381,844
$381.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$7.5K −$3.11/SF
EGI
$45.8K $19.09/SF
− OpEx
−$11.5K −$4.77/SF
NOI
$34.4K $14.32/SF
Area
Stevens County, WA
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,320
Cap Rate 7%
$490,943
Cap Rate 9%
$381,844
Alternative Uses
Best Use
Office B
$490.9K
$429.6K – $572.8K
NOI $34,366 @ 7.0% cap · market cap 4.91%
Second Best
Mixed Use
$409.5K
$358.3K – $477.8K
NOI $28,665 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,344 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 99109, WA
5,016
Population
2,610
Households
1.9
Avg Household Size
51
Median Age
22%
College-Educated
93%
High-School Grad
311.6 sq mi
ZIP Area
16
Density / Sq Mi
$61,354
Median Household Income
$38,715
Median Earnings
$890
Median Rent
$274,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office spaces occupy the main level, with a furnished residence above and ductless cooling in each unit.
Where is this mixed-use property located?
The property is located at 108 E MAIN Ave Chewelah, WA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two 600‑square‑foot offices on the main level; Furnished 1,200‑square‑foot apartment upstairs; 2,400‑square‑foot building on a 0.1‑acre parcel
