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Office Condo With Basement
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490 Madison Ave N, Bainbridge Island, WA 98110

Three-office commercial condominium with reception, conference, and kitchenette areas on Bainbridge Island.

Property Size2,148 SF
Days on Market144

Property Features for 490 Madison Ave N

General Information

Standard status Active
Size 2,148 SF
Property subtype Office

Additional Details

Floor Ground

Amenities

conference room
reception area
kitchenette

Building Details

Tenancy Multi
Owner Occupied Yes
Listing Agency: Windermere Real Estate/West Sound
Listed By: Kelly Muldrow · License #WA
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:58PM

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 Real Estate/West Sound

Investment Insights

Based on property information with market context.

This office condominium provides 2,148 square feet on the ground level, arranged as three private offices with a reception area, conference room, and kitchenette. A basement adds storage or flexible auxiliary space. The suite is currently divided between 1,367 square feet occupied by the owner and 781 square feet leased to two tenants.

Located at 490 Madison Ave N on Bainbridge Island, the property combines owner-occupied office space with two existing tenant areas within a commercial condominium format. The layout supports a range of professional office operations while retaining dedicated reception, meeting, and support areas.

Key Highlights

  • 2,148‑square‑foot ground‑level office condominium
  • Three‑office layout with reception area, conference room, and kitchenette
  • Basement space available for storage or other flexible uses

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Electrical Service Carpet & Flooring Store Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,859
Businesses Nearby

Demographics for 98110, WA

24,825
Population
10,728
Households
2.3
Avg Household Size
51
Median Age
75%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
899
Density / Sq Mi
$159,882
Median Household Income
$77,528
Median Earnings
$2,081
Median Rent
$1,076,200
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Three-office commercial condominium with reception, conference, and kitchenette areas on Bainbridge Island.
Where is this office units located?
The property is located at 490 Madison Ave N Bainbridge Island, WA.
What are key features of this property?
This property features: 2,148‑square‑foot ground‑level office condominium; Three‑office layout with reception area, conference room, and kitchenette; Basement space available for storage or other flexible uses
(360) 692-6102 Call to check price and availability
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