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    Office Suite on Busy Avenue Title is generated by Realmo AI

    228 West Indiana Avenue, Spokane, WA 99205

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    Office space for sale on a busy Indiana Avenue corridor, offering a straightforward setup for professional users.

    Type:Retail, Office
    Property size:
    1,950 SF
    Price / SF:
    $204/SF
    Added:
    Jun 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jul 4 at 2:42 am

    Property Features for 228 West Indiana Avenue

    General Information

    Standard status
    Active
    Size
    1,950 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1976

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    Marshall Clark
    Marshall Clark

    Listing office Clark Pacific

    Listing date Jun 29, 2026

    Source Crexi

    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 Clark Pacific

    HighLights

    • Office space for sale on a busy Indiana Avenue corridor
    • Built in 1976

    Overview

    This offering is an office space located at 228 West Indiana Avenue. The property is listed for sale and includes approximately 1,950 square feet of office area, suited for professional operations that need dedicated indoor work space.

    The location is described as being on a busy Indiana Avenue, which can support high visibility for day-to-day business activity and customer or client access along a well-traveled corridor.

    For tenants, buyers, and owner-users seeking a commercially zoned office environment with an address on a busy avenue, this space presents a practical option. It is positioned for organizations that want a dedicated office setting on an established urban thoroughfare, with the flexibility to tailor the interior layout to their specific business needs.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.3k $22.20
    − Vacancy −$6.1k −$3.11
    EGI $37.2k $19.09
    − OpEx −$9.3k −$4.77
    NOI $27.9k $14.32
    1,950 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $398.9K
    $349.0K – $465.4K (±1% cap)
    NOI $27,922 @ 7.0% cap · market cap 7.00%
    Second Best
    Retail
    $289.0K
    $252.9K – $337.2K (±1% cap)
    NOI $20,233 @ 7.0% cap · market cap 5.07%
    Theoretical Best
    Office A
    $503.1K
    $440.2K – $587.0K (±1% cap)
    NOI $35,217 @ 7.0% cap · market cap 8.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Community Integrated Services Home Health Care Service

    Suggested Use

    HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Wine and Liquor Store Travel Agency Pet Grooming Service Building Supply Florist Dental Office (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.415539
    Latitude
    47.6752464

    FAQs

    What type of property is this?
    Office units - Office space for sale on a busy Indiana Avenue corridor, offering a straightforward setup for professional users.
    Where is this office units located?
    The property is located at 228 West Indiana Avenue Spokane, WA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Office space for sale on a busy Indiana Avenue corridor; Built in 1976
    More about this property
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