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    1556 NW 56Th St Seattle, WA 98107

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    For Lease
    $32 SF/Yr ($5,744 /Mo)

    Retail space with existing infrastructure in Ballard Place.

    Property size:
    2,154 SF
    Lot size:
    0.53 Acres

    Property Features for 1556 NW 56Th St

    General Information

    Size
    2,154 SF
    Lot size
    0.53 Acres

    Source: West Coast Commercial Realty, LLC Agent Blake Taylor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ballard Retail Space with Mezzanine

    This 2,154 square-foot retail space is located at the base of Ballard Place, a 173-unit residential condominium building. The space includes 1,534 square feet on the ground floor and a 620 square-foot mezzanine. It features bar seating, soaring 22+ foot ceilings, a remodeled kitchen prep area and fridge, full HVAC, great natural light, and two shared restrooms. The property is located directly off 56th Avenue, within blocks of Market Street, the Ballard Public Library, and Ballard Commons Park. The space may be suitable for a cocktail bar, cafe, or light food concept, and it may be possible to add type 2 venting. The space is currently occupied.
    Location Intelligence

    Current Use by Public Records

    Little Prague Bakery ... Bakery

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3785757
    Latitude
    47.6696023

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    FAQs

    What type of property is this?
    Retail space - Retail space with existing infrastructure in Ballard Place.
    Where is this retail space located?
    The property is located at 1556 NW 56Th St Seattle, WA.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Existing infrastructure significantly reduces build-out costs with bar seating and remodeled kitchen.; - Prime corner location near Market Street, Ballard Public Library, and Ballard Commons Park.; - High ceilings and great natural light create an appealing atmosphere.
    (206) 931-0525
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    1556 NW 56Th St Seattle, WA 98107
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    Seattle, WA 98107
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    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
    1556 NW 56Th St Seattle, WA 98107
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