About this home

Fully leased multi-tenant commercial building in Bellingham’s Meridian neighborhood, sitting just off the Meridian St/I-5 interchange near major retailers like Target, Marshalls, and Home Depot. Meridian Place hosts a diversified roster of medical, technology, government, and retail-service tenants including Eyes Rite Optical, Team Technology, and the U.S. Army Corps of Engineers. A long history of tenant retention reflects a stable, well-managed asset with dependable in-place income. Located on a lot with ample on-site parking and access off both Telegraph Road and McLeod Road. Plus, Meridian Street carries nearly 39,000 vehicles a day directly past the property, with I-5 running over 60,000 vehicles daily just around the corner. An attractive long-term investment opportunity and easy addition to any portfolio!

Exterior features

Cement/Concrete

Property details

Cooling: Central Air
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $30,368 (2025)

Estimate your monthly payment

$30,847/mo

Principal & interest: $28,317
Property taxes: $2,531

Down payment (20%) $1,120,000 Interest rate (%) Loan term (years)

Loan amount $4,480,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Bellingham, WA 98226

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Muljat Group— Troy C. Muljat.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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