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at 615 Lilly Road NE Contact us

Lilly Road Medical Building

Floor

1

Size

2,526 SF

Type

OFFICE

Lease Type

NNN

Availability

AVAILABLE, Now

Class A Medical Office located adjacent to Providence St. Peter Hospital. The suite... is currently configured with four exam rooms, a large waiting area with administrative space, a private office, and a break room. It could easily be reconfigured for additional exam rooms. The interior finishes are in excellent condition and move-in ready. This is the first publicly available suite at the Lilly Road Medical Building since it was constructed. Generous Tenant Improvement (TI) allowance and or financing for long-term leases. No NNN, Modified Gross Lease; tenant pays janitorial expenses for the premises and pro-rata share of utilities.

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Listing Agency: The Rants Group Show Phone

Listed By: Zeke Rehn · License #23295 Show Phone

Source: Moodyscre

Added: Apr 17, 2025 Changed: Aug 8 Last Checked: Aug 20 at 12:52PM

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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 The Rants Group

Investment Insights

Based on property information with market context.

This Class A medical office space is located adjacent to Providence St. Peter Hospital. The suite, situated in the Lilly Road Medical Building, features four exam rooms, a large waiting area with administrative space, a private office, and a break room. The layout can be reconfigured to accommodate additional exam rooms. Interior finishes are in excellent condition and the space is move-in ready. The property is 2526 square feet. The lease is modified gross, with the tenant responsible for janitorial expenses for the premises and a pro-rata share of utilities.

Key Highlights

• Class A Medical Office adjacent to Providence St. Peter Hospital.
• Move‑in ready with excellent interior finishes.
• First publicly available suite since building construction.

Property Analytics

Property Profile

Current Use

Dr. William O. ... Pediatrician Providence Swedish Obstetrics ... Medical Clinic Seattle Children's Olympia Medical Clinic Providence Urology Center Medical Clinic WomanCare merged with ... Medical Clinic

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Barber Shop (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross

Lease Type

Location Intelligence

Trade Area within ½ mile

1,816

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Move-in ready medical office space adjacent to Providence St. Peter.

Where is this medical office space located?

The property is located at 615 Lilly Road NE Olympia, WA.

What is the lease rate?

The lease rate is $42 SF/Yr.

What are key features of this property?

This property features: Class A Medical Office adjacent to Providence St. Peter Hospital.; Move‑in ready with excellent interior finishes.; First publicly available suite since building construction.