1151 Ellis StBellingham, WA 98225

Property Details for 1151 Ellis St

Year built

1945

Lot size

0.30 AC

Property size (Sq ft)

28,568 SF

Zone code

PRMIXO

Property type

Investment properties

Property subtype

Retail residential properties

APN

380331 377438 0000

APU

3803313774380000

Description

This exceptional 1,528-square-foot office space is available for lease at the desirable Ellis Station in Bellingham, Washington. Located at 1151 Ellis St, zip code 98225, this single-tenant suite offers a blend of modern amenities and convenient access. The space boasts a welcoming reception area, three private offices perfect for individual work or team collaboration, and additional open space ideal for a variety of uses. A well-appointed kitchenette and a private bathroom add to the convenience and functionality of this ground-floor location. The suite benefits from a shared reception area, providing a professional and welcoming atmosphere for clients and visitors. The building itself is a two-story structure with a total of 14,403 square feet, built on a 0.74-acre lot. Ample parking is available with 59 shared spaces, ensuring convenient access for employees and guests. The building underwent renovations in 2015, reflecting a commitment to maintaining a high standard of quality and functionality. This property is ideally suited for a variety of businesses seeking a well-maintained, conveniently located, and professionally appointed office space in the heart of Bellingham. The property is classified as retail and office, with the specific subtype being a traditional office. This presents a unique opportunity to establish a thriving business in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $8,872,170

  6.5%

  $8,189,700

  7%

  $7,604,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,857,590

  Geo Method

  $5,611,660

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,366,600

  Retail / Commercial

  $8,295,700

  Hospitality / Lodging

  $5,909,010

  Office

  $8,061,440

  Institutional / Educational

  $8,486,670

  Residential Income

  $9,929,400

  Multifamily

  $12,332,500

  Automotive / Energy

  $7,274,290

  Parking / Income-Based Land

  $2,585,780

  Restaurant / Food Service

  $4,096,400

  Healthcare / Senior Housing

  $8,476,760

Location Insight

City

Bellingham

County

Whatcom

State

Washington

Latitude

48.7426

Longitude

-122.472

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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