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    Mercer Island, WA Office Spaces 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.
    View details
    See what stands out in King County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 34 Potential Opportunities for your consideration. Besides 1 Active listings in Mercer Island, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 26 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Bellevue Office Space Available
    Bellevue Office Space Available

    1745 114th Ave SE, Bellevue, WA 98004

    $21,500,000
    32,573 sqft

    Office space for rent at 1745 114th Avenue SE.

    View details
    South Seattle Retail Investment Opportunity
    South Seattle Retail Investment Opportunity

    4850 37th Ave S, Seattle, WA 98118

    $2,200,000
    5,326 sqft

    Multi-tenant retail strip center in Columbia City neighborhood.

    View details
    Shovel-Ready Mixed-Use Development
    Shovel-Ready Mixed-Use Development

    3109-3111 Rainier Ave S, Seattle, WA 98144

    Contact for pricing
    123,052 sqft

    Fully entitled mixed-use project with 175 residential units and ground-floor retail, constructed-ready for immediate development.

    View details
    Downtown Bellevue Office Condo For Sale
    Downtown Bellevue Office Condo For Sale

    999 110th Ave NE, Bellevue, WA 98004

    $975,000
    1,794 sqft

    Rare small office condo in downtown Bellevue ready for improvements.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ballard Townhome Development Opportunity
    Ballard Townhome Development Opportunity

    820 NW Market Street, Seattle, WA 98107

    Contact for pricing
    16,400 sqft 0.38 AC lot

    Permitted townhome development site in Seattle's Ballard neighborhood.

    View details
    Highway 9 Land For Sale
    Highway 9 Land For Sale

    1400 30th Street, Snohomish, WA 98290

    $1,500,000
    0.61 AC lot

    0.61 acre commercial land parcel on Highway 9.

    View details
    Lake Stevens Development Opportunity
    Lake Stevens Development Opportunity

    1925 99th Ave SE, Lake Stevens, WA 98258

    $575,000
    0.38 AC lot

    16,587 SF parcel zoned CD in Lake Stevens.

    View details

    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.

    7419 24th St
    DENTAL BUILDING

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

    Estimated value:
    $270,000
    2,472 sqft 0.19 AC lot
    View details
    3003 81st SE Pl
    MEDICAL BUILDING

    3003 81st SE Pl, Mercer Island, WA 98040

    Estimated value:
    $2,940,000
    3,683 sqft 0.44 AC lot
    View details
    3003 77th SE Ave
    OFFICE BUILDING

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

    Estimated value:
    $108,765,000
    155,200 sqft 5.88 AC lot
    View details
    9725 36th St
    OFFICE BUILDING

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

    Estimated value:
    $4,875,000
    26,274 sqft 1.61 AC lot
    View details
    7525 24th St
    OFFICE BUILDING

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

    Estimated value:
    $31,845,000
    200,059 sqft 1.41 AC lot
    View details
    2856 80th SE Ave
    OFFICE BUILDING

    2856 80th SE Ave, Mercer Island, WA 98040-2914

    Estimated value:
    $2,075,000
    12,080 sqft 0.15 AC lot
    View details
    7834 32nd St
    OFFICE BUILDING

    7834 32nd St, Mercer Island, WA 98040-2972

    Estimated value:
    $1,335,000
    5,006 sqft 0.34 AC lot
    View details
    7426 27th St
    OFFICE BUILDING

    7426 27th St, Mercer Island, WA 98040-2789

    Estimated value:
    $980,000
    5,317 sqft 0.22 AC lot
    View details
    2825 80th SE Ave
    MEDICAL BUILDING

    2825 80th SE Ave, Mercer Island, WA 98040-2985

    Estimated value:
    $680,000
    5,405 sqft 0.23 AC lot
    View details
    3010 77th SE Ave
    OFFICE BUILDING

    3010 77th SE Ave, Mercer Island, WA 98040-2895

    Estimated value:
    $2,075,000
    9,650 sqft 0.51 AC lot
    View details
    2815 80th SE Ave
    MEDICAL BUILDING

    2815 80th SE Ave, Mercer Island, WA 98040

    Estimated value:
    $450,000
    2,642 sqft 0.20 AC lot
    View details
    3003 80th SE Ave
    OFFICE BUILDING

    3003 80th SE Ave, Mercer Island, WA 98040-2915

    Estimated value:
    $1,475,000
    6,240 sqft 0.40 AC lot
    View details
    9311 36th St
    OFFICE BUILDING

    9311 36th St, Mercer Island, WA 98040-3740

    Estimated value:
    $2,980,000
    17,642 sqft 1.02 AC lot
    View details
    3035 Is Crst Way
    OFFICE BUILDING

    3035 Is Crst Way, Mercer Island, WA 98040-2919

    Estimated value:
    $1,210,000
    7,266 sqft 0.41 AC lot
    View details
    2448 76th SE Ave
    OFFICE (GENERAL)

    2448 76th SE Ave, Mercer Island, WA 98040-2781

    Estimated value:
    $815,000
    4,687 sqft 0.97 AC lot
    View details
    7900 28th St
    OFFICE BUILDING

    7900 28th St, Mercer Island, WA 98040-6005

    Estimated value:
    $7,670,000
    38,874 sqft 0.89 AC lot
    View details
    8015 28th St
    OFFICE BUILDING

    8015 28th St, Mercer Island, WA 98040-2910

    Estimated value:
    $4,290,000
    27,585 sqft 0.38 AC lot
    View details
    2955 80th SE Ave
    OFFICE BUILDING

    2955 80th SE Ave, Mercer Island, WA 98040-2973

    Estimated value:
    $3,955,000
    24,514 sqft 0.69 AC lot
    View details
    3236 78th SE Ave
    MEDICAL BUILDING

    3236 78th SE Ave, Mercer Island, WA 98040-3500

    Estimated value:
    $2,675,000
    14,172 sqft 0.45 AC lot
    View details
    8005 28th St
    OFFICE BUILDING

    8005 28th St, Mercer Island, WA 98040-2904

    Estimated value:
    $2,575,000
    13,795 sqft 0.58 AC lot
    View details
    2737 78th SE Ave
    OFFICE BUILDING

    2737 78th SE Ave, Mercer Island, WA 98040-2843

    Estimated value:
    $3,640,000
    14,766 sqft 0.90 AC lot
    View details
    9655 36th St
    OFFICE BUILDING

    9655 36th St, Mercer Island, WA 98040-3798

    Estimated value:
    $3,640,000
    23,704 sqft 1.42 AC lot
    View details
    2835 82nd SE Ave
    OFFICE BUILDING

    2835 82nd SE Ave, Mercer Island, WA 98040-3055

    Estimated value:
    $3,635,000
    23,408 sqft 0.40 AC lot
    View details

    Mercer Island, WA Office Spaces Market Trends and Statistics

    Explore 27 office spaces for sale in Mercer Island, WA on our real estate platform. These investment opportunities span a total of 3,683 square feet of properties for sale, with an estimated market value of $4,950,000.

    Sale prices for office spaces in Mercer Island, WA average $4,950,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 8
    Office buildings 4
    Medical Office Space 2
    Creative space 1

    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 $5M

    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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