Listing provided courtesy of KW NCWNWMLSas Distributed by MLSGrid- MLS# NWM2541255MLS Provider

315 W Gibson AvenueChelan, WA 98816

Commercial · 0.52 Acres
$2,500,000 Active

315 W Gibson Avenue Overview

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Westwind combines existing income with thirteen separately established condominium interests, preserving multiple ownership and exit strategies not typically associated with a traditional multifamily acquisition. Offered as a single acquisition, the project provides the ability to continue current operations while retaining the flexibility associated with separate condominium ownership. Located directly across from Don Morse Memorial Park and within walking distance to Lake Chelan, the marina, restaurants, shopping, grocery stores, the Lakeview Drive-In, bowling, recreation amenities, and Link Transit, the property benefits from one of downtown Chelan's most walkable settings. Seller-owned future air rights, six garages, demonstrated renovation upside, and Downtown Mixed Residential zoning provide additional flexibility for future ownership objectives. Buyers may elect to continue operations, enhance income through renovations, pursue individual condominium dispositions over time, hold for long-term appreciation, or independently evaluate future expansion or redevelopment concepts. Buyer to verify all information material to intended use.

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315 W Gibson Avenue Facts & Features

  • Type Commercial
  • Lot 0.52 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Building Information

  • Year Built: 1956

Location/Region

  • Country: US
  • County Or Parish: Chelan
  • MLS Area Major: 961 - Lake Chelan
  • Subdivision Name: Chelan

General Information

  • Listing Terms: Cash, Conventional, Owner Will Carry
  • Parcel Number: 272212590510
  • Possible Use: Commercial,Multi-Family,Office,Residential,See Remarks
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.5242
  • Lot Size Square Feet: 22836
  • Lot Size Units: Square Feet
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Exterior Features: Cement/Concrete
  • Sewer: Sewer Connected

315 W Gibson Avenue Neighborhood

Community

98816 (CHELAN) Demographics

41
Median Age
14
Population Density (per sq. mile)
28%
College Educated
$56,582
Estimated Median Income
1,416
Estimated Total Home Owners
879
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

315 W Gibson Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

315 W Gibson Avenue Market Data

Based on the last 30 days in this zip code

$934,495
Average List Price
$518
Average Price per Square Foot
19
Properties Sold
106
Average Days on Market
188
Properties for Sale
Calculations provided by Reliance Network

315 W Gibson Avenue History

Date Event Value Agent
6/16/2026Source: NWMLS Added to Database
June 16, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021