Downtown Retail
For Sale
$1,250,000
213 Woodin Unit A, Chelan, WA 98816
Single-story downtown commercial building was fully remodeled and is currently vacant.
Property Size3,700 SF
Price / SF$337.84
Days on Market591
Property Features for 213 Woodin Unit A
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Commercial
Building Details
Year Built
1961
Stories
1
Listing Agency:
RE/MAX Advantage
Listed By:
Mary Signorelli · License #113023
(509) 670-4972
Source:
Skylineproperties
Added: Mar 16, 2025
Changed: Oct 26
Last Checked: Oct 26 at 4:33PM
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 RE/MAX Advantage
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Investment Insights
Based on property information with market context.
This downtown Chelan commercial building totals approximately 3,700+ square feet and was constructed in 1961. The property has been totally remodeled within the past year and is a single-story structure. It was originally set up as two storefronts, and the configuration could be returned to two storefronts.
The building is located in the Downtown Chelan Business District and is vacant for occupancy. A key box is on the front door, and the property is described as easy to show by appointment.
The building is located in the Downtown Chelan Business District and is vacant for occupancy. A key box is on the front door, and the property is described as easy to show by appointment.
Key Highlights
- Single‑story downtown Chelan commercial building with 3,700+ SF
- Built in 1961
- Totally remodeled within the past year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,218
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,360
$744.4K
Cap Rate 7%
$531,686
$531.7K
Cap Rate 9%
$413,533
$413.5K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$55.5K $15.00/SF
− Vacancy
−$2.3K −$0.63/SF
EGI
$53.2K $14.37/SF
− OpEx
−$16.0K −$4.31/SF
NOI
$37.2K $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%
$744,360
Cap Rate 7%
$531,686
Cap Rate 9%
$413,533
Alternative Uses
Best Use
Retail
$531.7K
$465.2K – $620.3K
NOI $37,218 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$970.5K
$849.2K – $1.13M
NOI $67,932 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story downtown commercial building was fully remodeled and is currently vacant.
Where is this storefront property located?
The property is located at 213 Woodin Unit A Chelan, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Single‑story downtown Chelan commercial building with 3,700+ SF; Built in 1961; Totally remodeled within the past year
