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    Spokane, WA Shopping Centers for Sale

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    Spokane Retail and Office Building
    Updated: Feb 19
    Spokane Retail and Office Building

    1325 N Division St, Spokane, WA 99202

    $3,750,000
    15,153 sqft 0.68 AC lot
    Turnkey investment opportunity with existing rental income.
    Recent full remodel with first‑class finishes and new electrical, plumbing, and mechanical systems.
    Centrally located retail and office building in Spokane, WA.
    Recent appraisal at $3,875,000.
    15,153 sq.ft. building on 29,620 sq.ft. of land.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1325 N Division St, Spokane, WA 99202

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    • Est. Cap Rate

      5.8%
      NOI ÷ price

    • Est. NOI

      $217K
      Annual

    • Mortgage

      $415K
      Jul 2017

    • Last Sold

      Dec 2023
      $790K

    • Property Type

      Retail Stores
      Built 1923
    View Property Analytics
    Former Sears Retail Anchor Boxes
    Updated: May 29
    Former Sears Retail Anchor Boxes

    4750 N DIVISION ST, Spokane, WA 99207

    Contact for pricing
    160,538 sqft 7.35 AC lot
    Two former Sears anchor boxes in Spokane, WA offered together or individually for retail backfill, healthcare, or redevelopment.
    Spokane Valley Mall: 14720 E Indiana Ave, Spokane Valley, WA 1134,982 SF on 8.93 acres.
    NorthTown Mall: 4750 N Division St, Spokane, WA 160,538 SF on 7.35 acres.
    Spokane Valley Mall reports 6.4M+ annual mall visits.
    NorthTown Mall reports 3.4M+ annual mall visits.
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    Retail Center Anchored by Safeway
    Retail Center Anchored by Safeway

    14008-14024 E Sprague Ave, Spokane, WA 99216

    $10,200,000
    26,186 sqft

    Leased investment opportunity with national tenants Office Depot & Skechers.

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    Spokane Neighborhood Center For Sale
    Spokane Neighborhood Center For Sale

    9520 N Newport Hwy, Spokane, WA 99218

    $16,585,000
    74,000 sqft 7.47 AC lot

    Neighborhood center featuring all NNN leases, Spokane, WA.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Grapetree Village Retail Opportunity
    Grapetree Village Retail Opportunity

    2005 E 29th Ave, Spokane, WA 99203

    Contact for pricing
    43,093 sqft

    Grapetree Village on Spokane's South Hill is for sale.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Spokane, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    Walla Walla Retail Building
    Walla Walla Retail Building

    1922-1938 E Isaacs Ave, Walla Walla, WA

    $1,350,000
    12,685 sqft 0.92 AC lot

    Retail building with value-add potential in Walla Walla, WA.

    View details
    Safeway-Anchored Retail Shopping Center
    Safeway-Anchored Retail Shopping Center

    520 North Wilbur Avenue, Walla Walla, WA 99362

    $5,900,000
    54,091 sqft

    A renovated shopping center anchored by Safeway, offering quick access to Highway 12 and Walla Walla Regional Airport.

    View details
    Retail Space with Planned Renovations
    Retail Space with Planned Renovations

    21 N Skipworth Rd, Spokane Valley, WA

    $2,070,000
    3,550 sqft 0.64 AC lot

    Retail space for rent with upcoming improvements.

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    Retail Center Anchored by Safeway
    Retail Center Anchored by Safeway

    14024 E Sprague Ave, Spokane Valley, WA 99037

    $10,200,000
    26,186 sqft 2.55 AC lot

    Retail center for sale or lease with national tenants.

    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.

    Spokane Valley Development Opportunity
    Spokane Valley Development Opportunity

    2714 S DISHMAN-MICA Rd, Spokane Valley, WA 99206

    $647,700
    1.45 AC lot

    1.45 acre commercial land in growing Dishman Mica corridor.

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    Prime McCall Commercial Land Opportunity
    Prime McCall Commercial Land Opportunity

    303 McBride Street, Mccall, ID 83638

    $1,250,000
    50,529 sqft 1.20 AC lot

    Nearly 1.2 acres of commercial land in McCall, Idaho.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    18215 SW Sargent Road, Rochester, WA 98579

    $649,900
    10.40 AC lot

    10.4 acres of level commercial land with development potential.

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    C-3 Zoned Land with I-84 Frontage
    C-3 Zoned Land with I-84 Frontage

    21451 & 21677 Chicago St, Caldwell, ID 83607

    $1,880,000
    4.26 AC lot

    Level land totaling 4.26 acres with I-84 frontage, zoned C-3 within Caldwell’s Urban Renewal District.

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    Off-Market Properties in Spokane, WA

    Consider similar Off-Market properties in Spokane, 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.

    6416 Sprague Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    6416 Sprague Ave, Spokane, WA 99212

    $2,055,000
    Estimated value
    25,885 sqft 1.51 AC lot
    View details
    5528 Ash St
    SHOPPING CENTER, STRIP CENTER

    5528 Ash St, Spokane, WA 99205-6802

    $3,555,000
    Estimated value
    17,997 sqft 1.01 AC lot
    View details
    1414 Holyoke Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    1414 Holyoke Ave, Spokane, WA 99217-7523

    $885,000
    Estimated value
    9,595 sqft 0.67 AC lot
    View details
    1622 Williams Ln
    WHOLESALE OUTLET, DISCOUNT STORE

    1622 Williams Ln, Spokane, WA 99224-6194

    $640,000
    Estimated value
    6,000 sqft 1.10 AC lot
    View details
    15301 Marietta Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    15301 Marietta Ave, Spokane, WA 99216

    $9,200,000
    Estimated value
    100,000 sqft 4.33 AC lot
    View details
    1514 Flint Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    1514 Flint Rd, Spokane, WA 99224-9447

    $36,510,000
    Estimated value
    735,000 sqft 49.93 AC lot
    View details
    10504 21st Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    10504 21st Ave, Spokane, WA 99224-9726

    $1,025,000
    Estimated value
    1,668 sqft 5.00 AC lot
    View details
    623 Hogan St
    WHOLESALE OUTLET, DISCOUNT STORE

    623 Hogan St, Spokane, WA 99202-2900

    Value Estimation by Request
    412 sqft 0.13 AC lot
    View details
    4403 Sullivan Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    4403 Sullivan Rd, Spokane, WA 99216

    $1,115,000
    Estimated value
    16,500 sqft 3.31 AC lot
    View details
    6506 Main Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    6506 Main Ave, Spokane, WA 99212

    Value Estimation by Request
    190 sqft 0.18 AC lot
    View details
    4524 Ben Franklin Ln
    WHOLESALE OUTLET, DISCOUNT STORE

    4524 Ben Franklin Ln, Spokane, WA 99224-5369

    Value Estimation by Request
    5,000 sqft 0.75 AC lot
    View details
    6507 Alderbrook Ln
    WHOLESALE OUTLET, DISCOUNT STORE

    6507 Alderbrook Ln, Spokane, WA 99224-6500

    Value Estimation by Request
    2,400 sqft 0.62 AC lot
    View details
    1035 Cataldo Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    1035 Cataldo Ave, Spokane, WA 99202-2015

    Value Estimation by Request
    1,000 sqft 0.88 AC lot
    View details
    3624 Joseph Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    3624 Joseph Ave, Spokane, WA 99217

    Value Estimation by Request
    964 sqft 0.46 AC lot
    View details
    1020 Cataldo Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    1020 Cataldo Ave, Spokane, WA 99202-2016

    $1,630,000
    Estimated value
    21,105 sqft 2.37 AC lot
    View details
    1524 Trent Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    1524 Trent Ave, Spokane, WA 99202-2939

    Value Estimation by Request
    4,080 sqft 0.16 AC lot
    View details
    12900 Trent Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    12900 Trent Ave, Spokane, WA 99216

    Value Estimation by Request
    4,000 sqft 1.09 AC lot
    View details
    310 Crestline St
    WHOLESALE OUTLET, DISCOUNT STORE

    310 Crestline St, Spokane, WA 99202-3007

    $595,000
    Estimated value
    2,000 sqft 0.21 AC lot
    View details
    11410 Indiana Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    11410 Indiana Ave, Spokane, WA 99206

    Value Estimation by Request
    1.05 AC lot
    View details

    Spokane, WA Shopping Centers Market Trends and Statistics

    Explore 72 shopping centers for sale in Spokane, WA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 115,339 square feet of properties for sale, with an estimated market value of $30,535,000.

    Sale prices for plazas in Spokane, WA start at $3,750,000, averaging $10,178,333, and reaching up to $16,585,000 — 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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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 30
    Storefront properties 30
    Automotive properties 17
    Auto shops 10
    Showrooms 6

    Demographics Overview

    Population 390K
    Population Growth (5Y) +8.1%
    Median Household Income $73,015
    College Educated 35.9%

    High-Yield Neighborhoods for Investment

    Identify Spokane submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    99205 $1.4M
    99202 $3.8M
    99208 $6.4M
    99216 $10.2M
    99218 $12.2M

    Taxes & Financing

    Tax Rate (average for all types) 0.86%
    Property Tax per SF $10.24 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Spokane County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Spokane fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Spokane, WA

    • 99202
    • 99203
    • 99207
    • 99216
    • 99218

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