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$2,425,000
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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.
Full Property Details
Full Property Details for 4131 Hannegan Rd
General
- Sold For: $2,425,000
- Taxes: $17,328 (2025)
- Status: Closed
- Type: Industrial
- Source: NWMLS
- MLS ID: 2422744
- Added to Site: 176 day(s) ago
Parking
- Uncovered Spaces: 46
Location
- Area: 860 - Bellingham
- County: Whatcom
- Subdivision: Bellingham
- 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).
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Unspecified
- Exterior Const.: Metal/Vinyl
- Foundation: Poured Concrete
- Roof: Metal
- Loading: Grade
- Year Built: 2006
Lot Features
- Lot Size (Acres): 1.1067
- Lot Size (Sq. Ft.): 48,208
- Lot Size Source: Assessor
- Zoning: Commercial, Industrial
Financial Considerations
- Tax Amount: $17,328
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 3803085180580000
Listed by Troy C. Muljat | Muljat Group | (360) 733-3030
Sold by Non Member ZDefault | ZNonMember-Office-MLS
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Schools
Schools serving 4131 Hannegan Rd
School District:Bellingham School District
| Name | Grades | Distance |
|---|---|---|
Cordata Elementary School 4420 Aldrich Road, Bellingham, WA 98226 | PK-5 | 3 mi |
Shuksan Middle School 2717 Alderwood Avenue, Bellingham, WA 98225 | 6-8 | 2.8 mi |
Squalicum High School 3773 East McLeod Road, Bellingham, WA 98226 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4131 Hannegan Rd
Date
Details
Price
Change
Source
10/30/2025
Sold
$2,425,000
-3%
MLS
8/18/2025
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4131 Hannegan Road, Bellingham, WA 98226 (MLS# 2422744) is a Industrial property that was sold at $2,425,000 on October 30, 2025. Want to learn more about 4131 Hannegan Road? Do you have questions about finding other Industrial real estate for sale in Bellingham? You can browse all Bellingham real estate or contact a Coldwell Banker agent to request more information.

