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2821 Commercial Avenue, Anacortes, WA 98221

Anacortes, WA 98221 · Anacortes

— bd— ba— sqft0.79 ac lotBuilt Land

$2,600,000 — / sqft · Cumulative Days Active: 113 Estimate your monthly payment ↓

Listing by Windermere RE Anacortes Prop. 1 / 9

Price / sqft—

Lot0.79 acres

Year built—

TypeLand

HOANone

Cumulative Days Active113

About this home

A rare opportunity to develop a flagship mixed-use project on the South end of downtown Anacortes. Re-imagine this Anacortes location, formerly the iconic San Juan Lanes, this prime 0.78+ acre site is level and cleared. Situated in a federally designated Opportunity Zone, the project offers unparalleled tax incentives. Preliminary drawings feature a modern residential 64 unit complex optimized for the growing PNW housing demand. Planned ground-floor space for a gym, boutique coffee shop, and innovative "live/work" units to capture the remote-professional market. Excellent location for tenants near major traffic arteries, Port facilities, ferries and the Whidbey Island NASW. Adjacent to a city park with beautiful views of the Salish Sea and the majestic Mount Baker, this property has endless opportunity. Located in the City of Anacortes' most flexible zoning, permited uses allow for an extensive list of uses including but not limited to multifamily, live work, adult/assisted living, nursing home, medical, retail, heavy retail, marine sales, gas station and hotel/overnight lodging and restaurant.

NWMLS logo Listing courtesy of the Northwest Multiple Listing Service (NWMLS).

Listed Mar 30, 2026MLS# 2499718

Facts & features

0.79 acLot

Building

TypeLand

Lot & exterior

Lot size0.79 acres (34,386 sqft)

ViewTerritorial

WaterfrontNo

ZoningCommercial,Multi-Family

Utilities

SewerOn Property

WaterOn Property

HOA & taxes

HOA duesNone

Property tax (2026)$13,021 / yr

Interior features

Exterior & lot

Monthly payment

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Payment estimate calculated by irenakolbert.com from the assumptions below — not part of the NWMLS listing data. A lender will confirm actual figures.

Loan term

Down payment$20%

Interest rate%

Est. total / month$14,34230-year fixed · 6.5%

P&I $13,147Taxes $1,085Insurance $110

Plus ~$78,000 closing costs (est. 3%), paid once at closing. Get pre-approval guidance →

Estimate only, using the down payment, interest rate, and loan term set above. The APR, which includes loan costs, may be higher than the rate. Includes estimated property tax (~0.95%), insurance (~$110/mo), and any HOA dues. Not an offer of credit — a lender will confirm actual terms.

Price history

DateEventPrice Mar 30, 2026Listed for sale $2,600,000

Schools

School assignments come from the listing data provided by NWMLS. They're based on address and can change — verify with the district before relying on them.

Location

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Downtown Bellingham28 min

WWU27 min

St. Joseph Hospital31 min

Peace Arch border51 min

Drive times are straight-line estimates calculated by irenakolbert.com — not part of the NWMLS listing data.

Listing details

StatusActive

MLS #2499718

ListedMar 30, 2026

List price$2,600,000

Cumulative Days Active113

Property typeLand

Listing brokerageWindermere RE Anacortes Prop.

SourceNWMLS as distributed by MLS GRID

Listing courtesy of Windermere RE Anacortes Prop.. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:43 PM (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. Some IDX listings have been excluded from this website: listings located outside Whatcom and Skagit counties are not displayed.