Historic Downtown Retail
131 E Woodin Avenue, Chelan, WA 98816
For Sale
$1,150,000
A two-level layout pairs street-facing display windows with a separate lower floor.
Property Size4,200 SF
Price / SF$273.81
Days on Market193
Property Features for 131 E Woodin Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Brick
Cement/Concrete
Wood
Wood Products
Building Details
Year Built
Buildings
Units
Listing Agency:
Windermere RE/Lake Chelan
(509) 682-4211
Listed By:
John Gasper
(509) 630-1955
Source:
Reallyproperties
Added: May 1
Changed: Nov 7
Last Checked: Nov 9 at 3:05PM
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 Windermere RE/Lake Chelan
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Investment Insights
Based on property information with market context.
Built in 1912, this retail property contains 4,200 square feet across two levels. The 2,500-square-foot main floor combines retail space and storage, with broad display windows and an open customer area. A 1,700-square-foot lower level provides additional space. Improvements include replacement windows and an updated electrical panel.
At 131 E Woodin Avenue in downtown Chelan, the property sits along the city’s commercial corridor, among tasting rooms, shops, and restaurants. The location draws both local and visitor foot traffic.
At 131 E Woodin Avenue in downtown Chelan, the property sits along the city’s commercial corridor, among tasting rooms, shops, and restaurants. The location draws both local and visitor foot traffic.
Key Highlights
- 4,200 SF across two levels
- 2,500 SF main floor with retail space and storage
- 1,700 SF lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,248
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,960
$845.0K
Cap Rate 7%
$603,543
$603.5K
Cap Rate 9%
$469,422
$469.4K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$63.0K $15.00/SF
− Vacancy
−$2.6K −$0.63/SF
EGI
$60.4K $14.37/SF
− OpEx
−$18.1K −$4.31/SF
NOI
$42.2K $10.06/SF
Area
Chelan County, WA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,960
Cap Rate 7%
$603,543
Cap Rate 9%
$469,422
Alternative Uses
Best Use
Retail
$603.5K
$528.1K – $704.1K
NOI $42,248 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
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Business Placement
Demographics for 98816, WA
7,067
Population
5,398
Households
1.3
Avg Household Size
47
Median Age
24%
College-Educated
81%
High-School Grad
494.2 sq mi
ZIP Area
14
Density / Sq Mi
$73,807
Median Household Income
$40,565
Median Earnings
$1,332
Median Rent
$450,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - A two-level layout pairs street-facing display windows with a separate lower floor.
Where is this retail space located?
The property is located at 131 E Woodin Avenue Chelan, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,200 SF across two levels; 2,500 SF main floor with retail space and storage; 1,700 SF lower level
