Listed by Matthew Gerrish, Premier Real Estate Partners
- Commercial Industrial
- Type
- 1938
- Year built
- 641,203 sq ft
- Lot
- 310
- Days on market
About this property
BIG UPDATE! Now in line for 120 Townhome lots. Located in the center of Yelm’s growth corridor, this property is zoned R-16 and comes with an approved site plan for 192 apartment units or currently submitted for 120+ Townhomes, making it a true shovel-ready development opportunity for apartments or a few months approval for Townhomes. ALL STUDIES HAVE BEEN DONE. The site sits in a highly desirable location, surrounded by mixed-use commercial, storage units, and the region’s master planned community, placing future residents at the heart of convenience and long-term value. Flat cleared land with beautiful Mt Rainier views throughout. This property offers a rare chance to move quickly on a project in one of Yelm’s most strategic and sought-after areas.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2425937
- Listed
- September 5, 2025
- Days on market
- 310
- Original list price
- $2,999,500
Construction
- Year built
- 1938
- Style
- 61 - Comm Bldg Ovr 10K
- Structure
- Unspecified
Lot
- Lot size
- 641,203 sq ft
- Waterfront
- Yes
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Public
- Sewer
- Available
What stands out to you?
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- Unspecified
- Cash
- Conventional
- Public
- Available
Listing history
Listed
$2,999,500
September 5, 2025
Current price
$2,899,950
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
$16,887
- Principal & interest
- $14,664
- Property tax (est.)
- $2,223
Assumes $579,990 down (20%), a $2,319,960 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.