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JRJeff ReynoldsCompass · Seattle

Listed by Lauren Hendricks, Windermere Real Estate Midtown

Commercial Industrial
Type
1941
Year built
32,550 sq ft
Lot
849
Days on market

About this property

65,000+ SF building in the heart of Ballard zoned MML U/65 plus a 4,650 SF parking lot across the alley at 5415 Ballard Ave NW zoned NC2P-65. The building was built in 1941 as a hardware store, then converted to a 600-unit mini-storage facility and it's currently used for general warehousing. Fully sprinklered, new 60-mil PVC roof installed in 2023, 20' ceilings on first floor, grade-level and dock-high loading doors, tons of power with a transformer vault on-site, over 300ft of frontage on Shilshole and over 50ft of frontage on Ballard Ave NW. Incredible opportunity for an owner-user or investor to acquire nearly an entire city block in the center of Ballard. Seller Financing offered for well-qualified buyers.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2321770
Listed
January 13, 2025
Days on market
849 (includes a prior listing period)

Parking

Covered spaces
10
Total spaces
24

Construction

Year built
1941
Style
61 - Comm Bldg Ovr 10K
Structure
Unspecified
Roof
Flat

Heating & cooling

Energy source
ElectricNatural Gas

Flooring

Flooring
ConcreteHardwood

Lot

Lot size
32,550 sq ft

Terms

Terms offered
Cash OutConventionalOwner Financing

Utilities

Water
Seattle Public Utilities
Sewer
Seattle Public Utilities
Power
Seattle Public Utilities

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Unspecified
  • Flat
  • Electric
  • Natural Gas
  • Concrete
  • Hardwood
  • Cash Out
  • Conventional
  • Owner Financing

Listing history

  1. Listed

    $18,250,000

    January 13, 2025

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$106,274

Principal & interest
$92,282
Property tax (est.)
$13,992

Assumes $3,650,000 down (20%), a $14,600,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.