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Lakefront Restaurant Opportunity
For Lease
$31 SF/Yr NNN

12404 Mill Spur, Lake Stevens, WA 98258

Elevated restaurant space with lake views and outdoor patio.

Space Size1,648 SF
Property Size2,373 SF
Days on Market333

Property Features for 12404 Mill Spur

General Information

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

Building Details

Building Size 2,373 SF

Spaces For Lease

at 12404 Mill Spur
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 24, 2025 Changed: Oct 15 Last Checked: Oct 23 at 4:45AM

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

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Investment Insights

Based on property information with market context.

This property offers an elevated restaurant opportunity with lakefront views. The available spaces include 725 square feet on the first floor and 1,648 square feet on the third floor. An additional outdoor patio is included. The property is in core and shell condition. The lease rate is $30 to $31 per square foot per year, NNN.

Key Highlights

  • Elevated restaurant opportunity with lakefront views
  • Additional outdoor patio included
  • Total square footage of 2,373 SF (725 SF on 1st floor and 1,648 SF on 3rd floor)

Property Analytics

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Current Use

Restaurants

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Big Box & Wholesale Store Hair Salon

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

360
Businesses Nearby
Under-served
Demand for This Use

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
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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

Frequently Asked Questions

What type of property is this?
Restaurant - Elevated restaurant space with lake views and outdoor patio.
Where is this restaurant 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: Elevated restaurant opportunity with lakefront views; Additional outdoor patio included; Total square footage of 2,373 SF (725 SF on 1st floor and 1,648 SF on 3rd floor)
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