Cheney, WA Commercial Real Estate for Lease and Sale

Explore 38 listings of Cheney commercial real estate to find the best space for your business.

4 1st St

4 1st St, Cheney, WA
Property

Industrial

2,640 SF
Year Built

1948
For Sale

$550,000
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Premium Street Front Retail

115 College Ave., Cheney, WA
Property

Retail

5,010 SF
Availability

1 Space

2,005 SF
Year Built

1890
For Lease

$14.00/SF/YR
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706 1st St

706 1st St, Cheney, WA
Property

Retail

7,500 SF
Availability

1 Space

4,800 SF
Year Built

1954
For Lease

$3,500.00/MO
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Established Auto Body Shop For Sale near Spokane WA

2218 1st St, Cheney, WA
Property

Retail

4,736 SF
Availability

1 Space

4,736 SF
Year Built

1990
For Lease

$20.00/SF/YR
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Office Retail Industrial

Office Retail Industrial Land
55 Acre White Rd Development Land

14113.9039, 14113.9040, Cheney, Medical Lake, WA
Property

VacantLand
For Sale

$2,400,000
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Established Auto Body Shop For Sale near Spokane WA

2218 1st St, Cheney, WA
Property

Retail

4,736 SF
Year Built

1990
For Sale

$1,350,000
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1618 Willow St

1618 Willow St, Cheney, WA
Property

Industrial

7,000 SF
Year Built

2014
For Sale Contact for pricing
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Cheney Professional Warehouse

30 Fred Johns Way, Cheney, WA
Property

Industrial

8,919 SF
Availability

1 Space

8,919 SF
Year Built

2019
For Lease

$7,500.00/MO
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Union Park Apartments

28 W 2nd St, Cheney, WA
Property

Multi-Family

26,880 SF
Year Built

1971
For Sale

$4,950,000
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1500 West 1st Street

1500 West 1st Street, Cheney, WA
Property

Industrial

103,776 SF
Availability

1 Space

112,501 SF
Year Built

1982
For Lease

$0.40/SF/MO
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321 1st St, Cheney- Mixed Use Building

321 1st St, Cheney, WA
Property

Retail

12,000 SF
Year Built

1902
For Sale

$1,600,000
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201 5th St

201 5th St, Cheney, WA
Property

Multi-Family

3,406 SF
Year Built

1945
For Sale

$425,000
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Cheney Development Land Parcel 13232.0501

1595 - 1656 Spring St, Cheney, WA
Property

VacantLand

0.64 Acre
For Sale

$75,000
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1902 1st Street Cheney - Douglass Properties

1902 1st St, Cheney, WA
Property

Retail

2,421 SF
Availability

1 Space

19,166 SF
For Lease Contact for pricing
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1500 W 1st Street

1500 W 1st St, Cheney, WA
Property

Industrial

112,501 SF
Year Built

1982
For Sale

$8,000,000
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Cheney Development Land

1595 Spring St, Cheney, WA
Property

VacantLand

6.06 Acre
For Sale

$500,000
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Cheney Development Land Parcel 13232.0403

1566 - 1596 Spring St, Cheney, WA
Property

VacantLand

1.04 Acre
For Sale

$125,000
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Cheney Development Land Parcel 13232.0402

1595 - 1656 Spring St, Cheney, WA
Property

VacantLand

0.65 Acre
For Sale

$75,000/Acre
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1727 1st Street

1727 1st Street, Cheney, WA
Property

Office

3,894 SF
Year Built

2002
For Sale Contact Listing Agent
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2110 1st Street

2110 1st Street, Cheney, WA
Property

Retail

6,400 SF
Availability

1 Space

6,400 SF
Year Built

1966
For Lease

$3,200.00/SF/YR
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Cheney Development Land Parcel 13232.0503

1595 - 1656 Spring St, Cheney, WA
Property

VacantLand

1.2 Acre
For Sale

$125,000
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Cheney Development Land Parcel 13232.0502

1595 - 1656 Spring St, Cheney, WA
Property

VacantLand

0.64 Acre
For Sale

$75,000
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Cheney Development Land Parcel 13232.0505

1595 - 1656 Spring St, Cheney, WA
Property

VacantLand

1.85 Acre
For Sale

$175,000
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415 1st St

415 1st St, Cheney, WA
Property

VacantLand

0.09 Acre
For Sale

$60,000
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Cheney Restaurant & Lounge

809 1st St, Cheney, WA
Property

Retail

6,264 SF
For Sale

$425,000
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113 N 9th St and 121 N 9th St

113 N 9th St and 121 N 9th St, Cheney, WA
Property

Multi-Family

9,052 SF
For Sale

$2,500,000
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Cheney Plaza

2710 1st Street, Cheney, WA
Property

Retail

85,155 SF
Availability

5 Spaces

17,764 SF
Year Built

2000
For Lease

$16.00 - $18.00/SF/YR
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Commerce Park at West Plains

11515 West Medical Lake Road, Cheney, Spokane, WA
Property

VacantLand
For Sale Contact Agent for Parcel Pricing
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1727 1st Street

1727 1st Street, Cheney, WA
Property

Office

3,894 SF
Availability

1 Space

3,894 SF
Year Built

2002
For Lease

$16.00/SF/YR
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30 S. Fred Johns Way

30 S. Fred Johns Way, Cheney, WA
Property

Industrial

8,960 SF
For Sale

$849,000
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Cheney Development Land Parcel 13232.0504

1595 - 1656 Spring St, Cheney, WA
Property

VacantLand

1.75 Acre
For Sale

$150,000
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Cheney Development Land Parcel 13232.0405

1566 - 1596 Spring St, Cheney, WA
Property

VacantLand

1.33 Acre
For Sale

$150,000
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Cheney Development Land Parcel 13232.0401

1566 - 1596 Spring St, Cheney, WA
Property

VacantLand

0.63 Acre
For Sale

$75,000
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1529 W 1st St

1529 W 1st St, Cheney, WA
Property

VacantLand

5.59 Acre
For Sale

$900,000
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Cheney Plaza - Pad Site

2710 1st Street, Cheney, WA
Property

VacantLand

78,553 SF
Availability

1 Space

78,553 SF
For Lease Contact for pricing
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2420 1st Street

2420 1st Street, Cheney, WA
Property

Retail

13,577 SF
Availability

1 Space

1,892 SF
Year Built

1994
For Lease

$14.00/SF/YR
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Cheney Development Land Parcel 13232.0085

1566 - 1596 Spring St, Cheney, WA
Property

VacantLand

5.43 Acre
For Sale

$375,000
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Cheney Development Land Parcel 13232.0404

1566 - 1596 Spring St, Cheney, WA
Property

VacantLand

1.08 Acre
For Sale

$125,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Cheney commercial real estate market incorporates 7,788 square feet of office space across 2 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Cheney commercial real estate market includes 147,799 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Cheney market, there is a total of 252,521 square feet of industrial property.

The listing inventory in Cheney incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Cheney is represented by Industrial space, which accounts for 121,420 square feet of available listings. Retail space available in Cheney adds up to 56,763 square feet.

Meanwhile, most of the listings of commercial property for sale in Cheney are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Cheney is $16.29 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Cheney can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Cheney, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18 per square foot.

The average size of a commercial property in Cheney depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Cheney, the average size of an office property is 3,894 square feet.
Retail properties here incorporate an average of 14,780 square feet.
Industrial space in Cheney is in buildings that are, on average 42,087 square feet in size.

Cheney, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Cheney currently add up to 261,900 square feet. The market offers 1 active office listing(s), which amount to 5,164 square feet and account for 9% of commercial spaces on the market. Local retail availability includes 56,763 square feet across 7 retail space(s). Industrial space for rent opportunities in Cheney amount to 121,420 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	1	5,164
Retail	7	56,763
Industrial	2	121,420
Other	1	78,553

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Cheney, WA. Currently, there is 170,481 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 3 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	3,894
Retail	3	23,000
Industrial	4	131,101
Other	18	12,486

Cheney, WA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Cheney, WA?

What factors affect the price of commercial real estate in Cheney, WA?

What is the average rent for commercial space in Cheney, WA?

What are the best areas for commercial real estate in Cheney, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Cheney, WA?

Cheney, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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