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Mixed-Use Building Retail Opportunity
For Lease
$31 SF/Yr NNN (Triple Net)

12404 Mill Spur, Lake Stevens, WA 98258

Retail and restaurant space for lease in Lake Stevens.

Space Size1,648 SF
Property Size2,373 SF
Days on Market260

Property Features for 12404 Mill Spur

General Information

Standard status Active
Size 1,648 SF
Property subtype Retail
Lease Type SF/yr
Lease Term NNN

Building Details

Building Size 2,373 SF

Spaces For Lease

at 12404 Mill Spur Contact us

Third Floor - Restaurant and Patio $31/SF/Yr

Size
1,648 SF
Term
Negotiable
Contact us
Listing Agency: NAI Puget Sound Properties
Listed By: Blake Stedman · License #WA2495
Source: Naiglobal
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:56AM

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 NAI Puget Sound Properties

Investment Insights

Based on property information with market context.

Located at the intersection of Main Street and 20th Street Southeast, 12404 Mill Spur is a three-story mixed-use building offering retail and restaurant space for lease. The property is situated within Lake Stevens’ downtown core, benefiting from foot traffic generated by community events at The Mill on Lake Stevens, North Cove Park, City Hall, and the Lake Stevens Public Boat Launch. The available spaces include 725 square feet on the 1st floor and 1,648 square feet on the 3rd floor. The property is anchored to the planned redevelopment of the City of Lake Stevens Historical Museum and the expansion of North Cove Park. An elevated restaurant opportunity with lakefront views is available, including an additional outdoor patio. The space is in core and shell condition. The lease rate is $30 - $31/SF/Yr, NNN. The parcel number is 00553800003802.

Key Highlights

  • Prime retail opportunity anchored to the planned redevelopment of the City of Lake Stevens Historical Museum and the expansion of North Cove Park.
  • Located in Lake Stevens’ downtown core, benefiting from foot traffic from community events.
  • Elevated restaurant opportunity with lakefront views.**

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Garden Center Building Supply Spa & Massage Center Hair Salon Gym & Fitness Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

Demographics for 98258, WA

51,995
Population
18,397
Households
2.8
Avg Household Size
36
Median Age
32%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
1,401
Density / Sq Mi
$120,571
Median Household Income
$63,208
Median Earnings
$2,187
Median Rent
$606,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and restaurant space for lease in Lake Stevens.
Where is this retail space located?
The property is located at 12404 Mill Spur Lake Stevens, WA.
What is the lease rate?
The lease rate is $31 SF/Yr.
What are key features of this property?
This property features: Prime retail opportunity anchored to the planned redevelopment of the City of Lake Stevens Historical Museum and the expansion of North Cove Park.; Located in Lake Stevens’ downtown core, benefiting from foot traffic from community events.; Elevated restaurant opportunity with lakefront views.**
More about this property
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