Mixed-Use Asset in Everett
For Sale
$998,000
Pending
2011 Madison St, Everett, WA 98203
Mixed-use property with development potential in a revitalizing urban area.
Property SizeContact for details
Days on Market486
Property Features for 2011 Madison St
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
WINDERMERE REAL ESTATE CO.
(206) 387-6789
Listed By:
EDWARD KRIGSMAN
Source:
Corcoran
Added: Apr 11, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE REAL ESTATE CO.
Investment Insights
Based on property information with market context.
This mixed-use property is located in Everett’s revitalizing urban core. The property, known as Interurban Crossing, occupies a 26,572 square foot corner lot that includes alley access and over 20 parking spaces. The existing 7,629 square foot structure is leased to local tenants and includes 3 storefronts, 3 apartments, and 3 flex spaces. The current gross rent is over $64,000, with a pro forma of over $144,000 with light upgrades. The property's 26.3% lot coverage, NB zoning, and Opportunity Zone status offer phased development potential. The location is near the Interurban Trail, the future light rail, and the new stadium district. This walkable and well-connected location provides built-in income and development upside.
Key Highlights
- High pro forma gross rent potential of $144K+ with light upgrades.
- Opportunity Zone and NB zoning offer significant phased development potential.
- Located in Everett's revitalizing urban core, steps from the Interurban Trail, future light rail, and new stadium district.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 98203, WA
37,491
Population
14,848
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
11.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$101,505
Median Household Income
$55,176
Median Earnings
$1,761
Median Rent
$575,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with development potential in a revitalizing urban area.
Where is this mixed-use property located?
The property is located at 2011 Madison St Everett, WA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: High pro forma gross rent potential of $144K+ with light upgrades.; Opportunity Zone and NB zoning offer significant phased development potential.; Located in Everett's revitalizing urban core, steps from the Interurban Trail, future light rail, and new stadium district.
