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Mixed-Use Campus with Redevelopment Plans
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120 N Magnolia St, Spokane, WA 99202

Two existing buildings are paired with conceptual plans for multifamily housing and street-level retail.

Property Size56,503 SF
Price / SF$53.01
Days on Market21

Property Features for 120 N Magnolia St

General Information

Standard status Active
Size 56,503 SF
Property subtype LAND
Zoning CC1-EC

Building Details

Buildings 2
Listing Agency: Kiemle Hagood
Listed By: Casey Brazil · License #RRE-BRO-LIC-46500
Source: Moodyscre
Added: Sep 14 Changed: Oct 4 Last Checked: Oct 4 at 2:21PM

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 Kiemle Hagood

Investment Insights

Based on property information with market context.

The Spokane property includes a two-building campus totaling 56,503 square feet. The former McKinley School Building is zoned CC1-EC, and conceptual materials outline a mixed-use redevelopment with multifamily housing and ground-floor retail.

Located at 120 N Magnolia St, the property offers access to nearby neighborhoods, trade areas, services, and major transportation routes. Conceptual plans, renderings, and design materials are available to prospective purchasers.

Key Highlights

  • Two‑building campus totaling 56,503 square feet
  • Zoned CC1‑EC
  • Conceptual redevelopment plans include multifamily housing and ground‑floor retail

Property Analytics

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Current Use

Schools

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Nail Salon Garden Center (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

739
Businesses Nearby

Demographics for 99202, WA

21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two existing buildings are paired with conceptual plans for multifamily housing and street-level retail.
Where is this mixed-use property located?
The property is located at 120 N Magnolia St Spokane, WA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Two‑building campus totaling 56,503 square feet; Zoned CC1‑EC; Conceptual redevelopment plans include multifamily housing and ground‑floor retail
(509) 838-6541 Call to check price and availability
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