4131 Hannegan Road, Bellingham, WA 98226
- $2,425,000
Listing Broker: Muljat Group; Troy C. Muljat; ; Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,425,000
- List Price
- $2,500,000
- Status
- SOLD
- MLS#
- 2422744
- Closing Date
- Oct 30, 2025
- Days on Market
- 10
- Annual Tax Ammount
- 17328
Property Description
This income-producing property presents a strong investment with a solid 6.0% cap rate in place. Located in a high-traffic corridor near the intersection of Hannegan & E Bakerview. Positioned in North Bellingham, the property offers excellent access—just 5 mi to downtown, 11 mi to Lynden, & short 16-mile drive to the Canada/US border. Its strategic location supports a variety of commercial uses, attracts quality tenants, and benefits from ongoing regional growth and demand. Tenants enjoy the building’s offering of street-facing storefront with overhead door access in back, plus plenty of parking on-site. Whether you’re looking to expand your portfolio or secure a well-located asset with reliable returns, this property checks all the boxes.
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Additional Information
- Community
- Bellingham
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 2006
- # of Assigned Spaces
- 46
- Roof
- Metal
- Tax Year
- 2025
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- From I-5 take exit 255 for WA-542 E/Sunset Dr, follow Hannegan Rd, Property on left (turn left on Strider Ln, right into parking lot).
- Other Expenses
- 3102
- Net Operating Income
- $152,002
- Gross Adjusted Income
- $155,104
- Gross Scheduled Income
- $163,267
- Cap Rate
- 6.08
- Vacancy Rate
- 5
- Total Expenses
- $20,430
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.