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Three-Unit Storefront Building
For Sale
$1,499,000

15101 Union, Lakewood, WA 98498

One-story retail property with fresh exterior paint, two occupied units, and additional space available for a new business.

Property SizeContact for details
Days on Market502

Property Features for 15101 Union

General Information

Standard status Active
Property subtype Commercial

Additional Details

Highway Access Yes

Building Details

Year Built 1947
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Best Choice Realty LLC
Listed By: Hanna Kuether
Source: Century21northhomes
Added: Apr 6, 2025 Changed: Aug 19 Last Checked: Aug 20 at 8:47AM

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 Best Choice Realty LLC

Investment Insights

Based on property information with market context.

This one-story storefront property contains three commercial units within a building constructed in 1947. Two units are occupied by a smoke shop and tattoo business, while a 4,412-square-foot unit is vacant and was previously used for military accessories. The building received fresh exterior paint this year, and the available space can accommodate a new tenant or owner-operated business.

The property is located at 15101 Union in Lakewood, Washington, near a freeway and across from JBLM/Camp Merry military bases. Its existing multi-unit configuration provides a mix of occupied and available commercial space in an established building.

Key Highlights

  • Three‑unit commercial building constructed in 1947
  • 4,412‑square‑foot vacant unit available for a new tenant or business
  • Two units occupied by a smoke shop and tattoo business

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Hair Salon Storage Facility Pharmacy

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 80% Shops & Services 20%
McDonald's Dining
28,230 visits/mo 0.2 miles
Taco Bell Dining
16,815 visits/mo 0.0 miles
Chevron Shops & Services
14,221 visits/mo 0.2 miles
Starbucks Dining
11,333 visits/mo 0.1 miles
Popeyes Louisiana Kitchen Dining
8,505 visits/mo 0.0 miles

Demographics for 98498, WA

29,982
Population
12,842
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
3,028
Density / Sq Mi
$88,382
Median Household Income
$50,994
Median Earnings
$1,604
Median Rent
$458,200
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?
Storefront property - One-story retail property with fresh exterior paint, two occupied units, and additional space available for a new business.
Where is this storefront property located?
The property is located at 15101 Union Lakewood, WA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three‑unit commercial building constructed in 1947; 4,412‑square‑foot vacant unit available for a new tenant or business; Two units occupied by a smoke shop and tattoo business
More about this property
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