311 Lake St Medical Lake, WA 99022
This unique Medical Lake property offers a compelling investment opportunity. The 1,016 square foot building, constructed in 1894, sits on a large double lot in the heart of town and includes a newer 20x30 shop (built 2018) featuring concrete floors and power. Zoned Commercial C-1, this property presents versatile options for development, with no setback or parking requirements allowing for maximized building space. The main floor is suitable for live-work or multi-use development, with 80% of construction designated for commercial use. Located at 311 E Lake St, Medical Lake, WA 99022, this property boasts a prime location in a thriving community of nearly 5,000 residents. The APN is 14181.5012. This is a rare chance to acquire a mixed-use property in a desirable location with significant potential for various commercial ventures. The asking price is $265,000. The property consists of one building on one unit. This is a truly unique opportunity to own a piece of Medical Lake's history and future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.