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    315 Michigan St Aberdeen, WA 98520

    Sponsored
    For Sale
    $1,150,000

    19,064 SF Office Building, Great Investment

    Property size:
    19,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,064 square foot office building, located at 315 S Michigan St in Aberdeen, Washington, presents a compelling investment or owner-user opportunity. Built in 1973, this single-story Class C property sits on a sizable 1.12-acre lot and offers ample parking with 39 spaces. The building's traditional office layout provides flexibility for a variety of businesses. The asking price is $1,150,000, translating to a price per square foot of $60.32. This property is comprised of two parcels, offering potential for expansion or redevelopment. Its prime location in Aberdeen, within Grays Harbor County, WA 98520, ensures high visibility and accessibility. The property's substantial size and convenient parking make it an attractive option for businesses seeking a well-established presence in a thriving community. This is a rare opportunity to acquire a significant commercial property in a desirable location at a competitive price. The property's age presents potential for future upgrades and value enhancement. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 315 Michigan St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,064 SF
    Class
    C
    Lot Size
    48,787 SF

    Building Details

    Year Built
    1973
    Stories
    1

    HighLights

    • 19,064 SF office building on a 1.12‑acre lot in Aberdeen, WA.
    • Single‑story Class C building with 39 parking spaces.
    • Asking price: $1,150,000 ($60.32/SF).
    • Located at 315 S Michigan St, Aberdeen, WA 98520.
    • Two parcels offer expansion or redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.8229657
    Latitude
    46.9695495

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    FAQs

    What type of property is this?
    Office Property / Space - 19,064 SF Office Building, Great Investment
    Where is this office property / space located?
    The property is located at 315 Michigan St Aberdeen, WA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 19,064 SF office building on a 1.12-acre lot in Aberdeen, WA.; Single-story Class C building with 39 parking spaces.; Asking price: $1,150,000 ($60.32/SF).
    Request Owner's contact information
    315 Michigan St Aberdeen, WA 98520
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    Aberdeen, WA 98520
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 Michigan St Aberdeen, WA 98520
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