$900,000
Est. $4,560/mo206 E Magnolia Street, Bellingham, WA 98225
• Listed 2026-04-16•57 days on market
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Located in the heart of downtown Bellingham with 110’ of frontage on E. Magnolia Avenue. This property is being offered both as an extremely attractive redevelopment site and as a class A retail location in Downtown Bellingham. The current business, Vienna Cleaners, is closing their doors as the owners are retiring. This opens an amazing opportunity for a retail business or a redevelopment of a prime parcel of land, adjacent to Railroad Avenue. Property is available as a short-term rental as well as listed for sale.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →$513,000
-$387,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $462K and $530K.
Rental earnings
$1,550/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$462,000Last sold price
2431 Franklin Street, Bellingham, WA 98225
$513,000Last sold price
2804 Ellis Street, Bellingham, WA 98225
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
206 E Magnolia Street, Bellingham, WA 98225
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of April 16, 2026 at 04:50pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Bob Sandoz • Windermere RE Whatcom, Inc.
Listing updated: April 16, 2026 at 04:50pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2509132
Open Sun, Jun 14Open Sun, Jun 14 +1Open Sun, Jun 14Open Sun, Jun 14Open Sun, Jun 14Open Sun, Jun 14Open Sun, Jun 14Bellingham is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 23 days.
$570,000 Sold
4 weeks ago
•Single Family
521 W Holly Street, Bellingham, WA 98225
19%
Under list
—
Days on market
0.4 mi
Distance
$1,900,000 Sold
6 weeks ago
•Single Family
1621 Cornwall Avenue, Bellingham, WA 98225
3%
Under list
—
Days on market
0.3 mi
Distance
$400 Sold
6 weeks ago
•0.5 ba•Single Family
102 Ohio Street, Bellingham, WA 98225
0%
Over list
—
Days on market
0.4 mi
Distance
$325,000 Sold
2 months ago
1 bd•~648 sq ft•Single Family
1205 E Maple Street, Bellingham, WA 98225
13%
Under list
—
Days on market
0.7 mi
Distance
$675,000 Sold
4 months ago
2 bd•1 ba•~884 sq ft•Single Family
2111 Franklin Street, Bellingham, WA 98225
0%
Over list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
