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For sale
Showrooms
WA
Spokane
99202
222 E Sprague Ave

Spokane U-District Showroom and Warehouse

222 E Sprague Ave, Spokane, WA 99202

View on Map

For Sale

$2,525,000

18,720 SF free-standing building in Spokane's University District.

Type:Retail

Property size:

18,720 SF

Price / SF:

$134/SF

HighLights

Prime location in Spokane's University District.
18,720 SF free‑standing building.
Zoned Downtown Urban (DTU).
Features four overhead doors: two 10' high, one 11' high, & one 12' high.
One spacious retail unit.
Historic construction dating back to 1925.

We can help!

Contact an agent

Andrew Keef

For Sale

$2,525,000

18,720 SF free-standing building in Spokane's University District.

Type:Retail

Property size:

18,720 SF

Price / SF:

$134/SF

Added:: Nov 21, 2025
Days on Market:: 218
Last Refresh:: May 8 at 8:42 pm

Property Features for 222 E Sprague Ave

General Information

Standard status: Active
Size: 18,720 SF
Property subtype: Retail

Building Details

Year Built: 1925

We can help!

Contact an agent

Andrew Keef

Listing office SVN Cornerstone LLC

Listing date Nov 21, 2025

Source Svn

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 SVN Cornerstone LLC

HighLights

Prime location in Spokane's University District.
18,720 SF free‑standing building.
Zoned Downtown Urban (DTU).
Features four overhead doors: two 10' high, one 11' high, & one 12' high.
One spacious retail unit.
Historic construction dating back to 1925.

Overview

Located in Spokane, WA, the U-District Showroom and Warehouse is situated in a vibrant neighborhood with retail and dining options, attracting foot traffic. The property is near Riverfront Park and the shopping district on Main Avenue. This 18,720 SF free-standing building features one spacious retail unit. It has four overhead doors: two 10' high doors, one 11' high door, and one 12' high door. Constructed in 1925, the property is zoned Downtown Urban (DTU) and is located in Spokane's University District. This location is suitable for a retail or free-standing building investment.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$303.3k	$16.20
− Vacancy	−$25.8k	−$1.38
EGI	$277.5k	$14.82
− OpEx	−$83.2k	−$4.45
NOI	$194.2k	$10.38

18,720 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.77M

$2.43M – $3.24M (±1% cap)

NOI $194,241 @ 7.0% cap · market cap 7.69%

Second Best

Warehouse

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,284 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$4.83M

$4.23M – $5.63M (±1% cap)

NOI $338,083 @ 7.0% cap · market cap 13.39%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Similar Places Nearby

Masonry Center Inc — 715 E Sprague Ave #20, Spokane, WA 99202
The Tin Roof — 1727 E Sprague Ave, Spokane, WA 99202
Floormart — 109 S Scott St Suite B-1, Spokane, WA 99202
Kirishian Rugs — 220 E 2nd Ave, Spokane, WA 99202
The Tin Roof | Forefront — 1727 e sprague ave, spokane, wa 99202

Location Insight

Map
Local Demand

City: Spokane
County: Spokane
State: Washington
Longitude: -117.407
Latitude: 47.6571

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For sale
Showrooms
WA
Spokane
99202
222 E Sprague Ave

What type of property is this?

Showroom - 18,720 SF free-standing building in Spokane's University District.

Where is this showroom located?

The property is located at 222 E Sprague Ave Spokane, WA.

What is the asking price?

The asking price for this property is $2,525,000.

What are key features of this property?

This property features: Prime location in Spokane's University District.; 18,720 SF free‑standing building.; Zoned Downtown Urban (DTU).

222 E Sprague Ave, Spokane, WA 99202

18,720 SF free-standing building in Spokane's University District.

Property Features for 222 E Sprague Ave

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Spokane Commercial Property For Sale

Newer Duplex with Attached Garage

Spokane 10-Unit Apartment Building

Turnkey Fourplex with Updated Exterior

Spokane Duplex: Investment Opportunity

Renovated Multifamily Property

New Duplex Near University District

New Duplex Near Downtown Spokane

Industrial Warehouse with Office

Ranch Triplex with Detached Garages

2016-Built Duplex Townhouse Units

South Hill Adult Family Home

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