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Mercer Island, WA

Mercer Island, WA Commercial Real Estate for Sale

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Mercer Island Development Opportunity

Updated: Jan 27

Mercer Island Development Opportunity

3003 Island Crest Way, Mercer Island, WA 98040

$4,950,000

3,683 sqft 0.44 AC lot

Prime development site on Mercer Island.
Multifamily 2 (MF‑2) zoning allows for Multifamily, Office, Medical, Retail, and Mixed‑Use development.
Highly visible corner location along Island Crest Way.
Just an 8‑minute walk to the new Mercer Island Link Light Rail Extension (opening in 2024).
Land area of 19,169 SF / 0.44 acre.

Mercer Island Church Opportunity

Updated: Apr 6

Mercer Island Church Opportunity

4001 Island Crest Way, Mercer Island, WA 98040

$6,048,000

10,468 sqft

Irreplaceable location on Mercer Island.
Large building size: Approximately 10,468 square feet.
Suitable for religious, civic, or other congregate groups.
Built in 1990.
Opportunity to acquire a property in the heart of Mercer Island.

Downtown Development Office and Parking

Downtown Development Office and Parking

7707 SE 29th St, Mercer Island, WA 98040

Contact for pricing

Fully leased one-story building with parking lot supports current income while positioning for future development or new occupancy.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Space in Bellevue

Retail Space in Bellevue

10317 Main St, Bellevue, WA 98004

Contact for pricing

6,455 sqft

Retail space available in Bellevue, Washington.

Standalone Class A Office Building

Standalone Class A Office Building

123 105th Avenue SE, Bellevue, WA 98004

Contact for pricing

6,490 sqft

Standalone Class A office building offering 6,490 SF in the Bellevue CBD.

Commercial Building in Columbia City

Commercial Building in Columbia City

5200 Rainier Avenue S, Seattle, WA 98118

$1,575,000

0.20 AC lot

Commercial building suitable for various businesses or redevelopment.

Rainier Avenue Mixed-Use Development Opportunity

Rainier Avenue Mixed-Use Development Opportunity

4103 Rainier Avenue S, Seattle, WA 98118

$2,700,000

0.35 AC lot

15,131 SF lot zoned for mixed-use development.

Off-Market Properties in Mercer Island, WA

Consider similar Off-Market properties in Mercer Island, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

2690 76th SE Ave

RETAIL STORES (PERSONAL SERVICES)

2690 76th SE Ave, Mercer Island, WA 98040-2741

Value Estimation by Request

1,896 sqft 0.19 AC lot

2830 80th SE Ave

FINANCIAL BUILDING

2830 80th SE Ave, Mercer Island, WA 98040-2914

Value Estimation by Request

6,988 sqft 0.76 AC lot

1825 72nd SE Ave

RESTAURANT

1825 72nd SE Ave, Mercer Island, WA 98040-2109

$1,900,000

Estimated value

4,703 sqft 0.50 AC lot

2959 76th SE Ave

HOMES (RETIRED, NURSING)

2959 76th SE Ave, Mercer Island, WA 98040-2737

$5,500,000

Estimated value

17,750 sqft 1.05 AC lot

Mercer Island, WA 98040

ZOO

Mercer Island, WA 98040

Value Estimation by Request

38.36 AC lot

AUTO REPAIR, GARAGE

7833 28th St, Mercer Island, WA 98040-2902

$2,700,000

Estimated value

1,000 sqft 0.30 AC lot

DENTAL BUILDING

7419 24th St, Mercer Island, WA 98040-2326

Value Estimation by Request

2,472 sqft 0.19 AC lot

PARKING LOT

78th SE Ave, Mercer Island, WA 98040

Value Estimation by Request

0.23 AC lot

3003 81st SE Pl

MEDICAL BUILDING

3003 81st SE Pl, Mercer Island, WA 98040

$2,855,000

Estimated value

3,683 sqft 0.44 AC lot

RESTAURANT

7810 27th St, Mercer Island, WA 98040-2924

$1,925,000

Estimated value

1,168 sqft 0.28 AC lot

3003 77th SE Ave

OFFICE BUILDING

3003 77th SE Ave, Mercer Island, WA 98040-2837

Value Estimation by Request

155,200 sqft 5.88 AC lot

PARKING LOT

7667 27th St, Mercer Island, WA 98040-2804

Value Estimation by Request

0.14 AC lot

COMMERCIAL (GENERAL)

7667 27th St, Mercer Island, WA 98040-2804

$1,140,000

Estimated value

6,644 sqft 0.87 AC lot

2728 80th SE Ave

AUTO REPAIR, GARAGE

2728 80th SE Ave, Mercer Island, WA 98040-2966

$3,725,000

Estimated value

4,087 sqft 0.25 AC lot

2900 78th SE Ave

RESTAURANT

2900 78th SE Ave, Mercer Island, WA 98040-2821

$1,350,000

Estimated value

952 sqft 0.17 AC lot

WAREHOUSE, STORAGE

7700 29th St, Mercer Island, WA 98040-2810

$1,350,000

Estimated value

8,340 sqft 0.52 AC lot

2885 78th SE Ave

COMMERCIAL (GENERAL)

2885 78th SE Ave, Mercer Island, WA 98040-2849

$2,000,000

Estimated value

12,100 sqft 1.00 AC lot

OFFICE BUILDING

9725 36th St, Mercer Island, WA 98040-3841

$4,875,000

Estimated value

26,274 sqft 1.61 AC lot

8475 Mercer Way

VACANT COMMERCIAL LAND

8475 Mercer Way, Mercer Island, WA 98040-5632

$11,350,000

Estimated value

37,104 sqft 1.55 AC lot

2755 77th SE Ave

GROCERY, SUPERMARKET

2755 77th SE Ave, Mercer Island, WA 98040-2811

$10,710,000

Estimated value

37,076 sqft 2.74 AC lot

OFFICE BUILDING

7525 24th St, Mercer Island, WA 98040-2336

$31,845,000

Estimated value

200,059 sqft 1.41 AC lot

Mercer Island, WA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Mercer Island, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,151 square feet of properties for sale, with an estimated market value of $10,998,000.

Sale prices for business properties in Mercer Island, WA start at $4,950,000, averaging $5,499,000, and reaching up to $6,048,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 25K

Population Growth (5Y) -0.8%

Median Household Income $202,359

High-Yield Neighborhoods for Investment

Identify Mercer Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98040	$5.3M

Taxes & Financing

Tax Rate (average for all types) 0.61%

Property Tax per SF $4.68 per SF

Tax Rate vs County Average 0.26 pp below county avg

Average Loan-to-Value 65.0%

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