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    Mercer Island, WA Retail Properties & 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.
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    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 52 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 43 Off-Market properties to explore as potential leads, plus 4 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.

    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.

    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
    Barbershop Retail Suite
    Barbershop Retail Suite

    11115 Ne 2nd St, Bellevue, WA 98004

    $60,000

    Retail suite for sale with three barber chairs, suited for barbershop or salon use.

    View details
    Retail Investment & Development Opportunity
    Retail Investment & Development Opportunity

    3714 S Hudson St, Seattle, WA 98134

    Contact for pricing
    0.24 AC lot

    Stabilized retail investment with multifamily development potential in Seattle.

    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.

    Seattle Denny Triangle Development Opportunity
    Seattle Denny Triangle Development Opportunity

    2404 7th Avenue, Seattle, WA 98121

    $6,998,900
    0.12 AC lot

    5,302 SF commercial site in prime Seattle location.

    View details
    Commercial Arterial Zoned Land
    Commercial Arterial Zoned Land

    4325 NE Sunset Blvd, Renton, WA 98059

    $2,000,000

    Commercial land suitable for various developments, flexible seller terms.

    View details
    Commercial Land Near Home Depot
    Commercial Land Near Home Depot

    901 Grady Way, Renton, WA 98055

    Contact for pricing
    62,291 sqft 1.98 AC lot

    1.98 AC commercial land near major retailers and restaurants.

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    Redmond Land Near Downtown
    Redmond Land Near Downtown

    16455 85th St, Redmond, WA 98052

    Contact for pricing
    7,095 sqft

    Land near downtown Redmond with high foot traffic.

    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.

    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
    View details
    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
    View details
    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
    View details
    7833 28th St
    AUTO REPAIR, GARAGE

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

    $2,700,000
    Estimated value
    1,000 sqft 0.30 AC lot
    View details
    78th SE Ave
    PARKING LOT

    78th SE Ave, Mercer Island, WA 98040

    Value Estimation by Request
    0.23 AC lot
    View details
    7810 27th St
    RESTAURANT

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

    $1,925,000
    Estimated value
    1,168 sqft 0.28 AC lot
    View details
    7667 27th St
    PARKING LOT

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

    Value Estimation by Request
    0.14 AC lot
    View details
    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
    View details
    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
    View details
    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
    View details
    2750 77th SE Ave
    RETAIL STORES (PERSONAL SERVICES)

    2750 77th SE Ave, Mercer Island, WA 98040-2812

    $2,075,000
    Estimated value
    7,036 sqft 0.46 AC lot
    View details
    2827 80th SE Ave
    RETAIL STORES (PERSONAL SERVICES)

    2827 80th SE Ave, Mercer Island, WA 98040-2913

    $555,000
    Estimated value
    2,128 sqft 0.10 AC lot
    View details
    Mercer Island, WA 98040
    RETAIL STORES (PERSONAL SERVICES)

    Mercer Island, WA 98040

    Value Estimation by Request
    1,464 sqft 0.25 AC lot
    View details
    7655 Sunset Hwy
    AUTO REPAIR, GARAGE

    7655 Sunset Hwy, Mercer Island, WA 98040-2824

    Value Estimation by Request
    2,180 sqft 0.46 AC lot
    View details
    2903 78th SE Ave
    CONVENIENCE STORE

    2903 78th SE Ave, Mercer Island, WA 98040-2820

    $575,000
    Estimated value
    2,285 sqft 0.38 AC lot
    View details
    2411 76th SE Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    2411 76th SE Ave, Mercer Island, WA 98040-2730

    Value Estimation by Request
    1,032 sqft 0.27 AC lot
    View details
    2825 Mercer Way
    GYM, HEALTH SPA

    2825 Mercer Way, Mercer Island, WA 98040-2536

    $530,000
    Estimated value
    9,231 sqft 2.87 AC lot
    View details
    3023 78th SE Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    3023 78th SE Ave, Mercer Island, WA 98040-2822

    $11,915,000
    Estimated value
    42,249 sqft 2.79 AC lot
    View details
    9555 36th St
    PARKING LOT

    9555 36th St, Mercer Island, WA 98040-3703

    Value Estimation by Request
    0.91 AC lot
    View details
    Mercer Island, WA 98040
    PARKING GARAGE, PARKING STRUCTURE

    Mercer Island, WA 98040

    Value Estimation by Request
    130,988 sqft 2.21 AC lot
    View details
    2420 76th SE Ave, Unit 2440
    RESTAURANT

    2420 76th SE Ave, Mercer Island, WA 98040-2731

    Unit 2440
    Value Estimation by Request
    1,155 sqft 0.15 AC lot
    View details
    2430 76th SE Ave
    PARKING LOT

    2430 76th SE Ave, Mercer Island, WA 98040-2807

    Value Estimation by Request
    0.41 AC lot
    View details
    2430 76th SE Ave
    PARKING LOT

    2430 76th SE Ave, Mercer Island, WA 98040-2807

    Value Estimation by Request
    0.40 AC lot
    View details

    Mercer Island, WA Retail Properties & Spaces Market Trends and Statistics

    Explore 44 retail properties & 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 stores 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

    Storefront properties 5

    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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