Warehouse for Sale in Bellingham, WA

Commercial lease rates in Bellingham have climbed sharply the last several years, driven by limited industrial supply and steady in-migration from the Puget Sound region. The math on leasing a 1,250 sqft industrial bay at current Bellingham rates puts a small business on track to spend well over $250,000 in rent over a decade with nothing to show for it. Owning a comparable warehouse condo at Iron Gate builds equity into every mortgage payment and locks in your occupancy cost permanently.

Commercial real estate also unlocks tax benefits that leasing can't: mortgage-interest deductions, 39-year depreciation, deductible operating expenses, and 1031-exchange eligibility on disposition. For a contractor or small business paying at a 25–35% blended rate, those deductions can shave a significant chunk off the effective cost of ownership.

Each warehouse condo is 25′ × 50′ of all-steel construction on a concrete slab. Full insulation in walls and roof keeps the interior comfortable year-round. Heat is natural gas — cheap to run in Bellingham's climate and well-suited to contractor and workshop use. Every unit has an ADA-compliant bathroom, municipal water and sewer, and 200-amp service ready for equipment.

The site is gated with security infrastructure, and the paved common area handles delivery trucks without issue. The Mezzanine option adds a built-in upper level — perfect for an office above a shop, a parts loft, or an additional work area without giving up floor footprint.

Iron Gate sits on Jills Ct inside Irongate Business Park — immediate access to I-5, Bakerview Road, and Bellingham's main commercial corridor. You're about 10 minutes from downtown Bellingham, 12 minutes from Ferndale, 20 minutes from Lynden, and 25 minutes from the Canadian border at Blaine. For most contractor service areas and small-business customer bases, it's a central location that works.

Standard unit: $310,000 for 1,250 sqft. Mezzanine unit: $340,000 for 1,610 sqft. Financing is available through Peoples Bank on commercial terms — typically 20–25% down with 20–30 year amortization. SBA 504 financing may reduce that to 10% down for qualifying owner-occupants.

Call Chet Kenoyer at (360) 303-1450 or submit the form below to schedule a private walkthrough. Reservations are first-come-first-served on the remaining 14 units, and we expect Phase 2 to sell out inside the calendar year at current pace.