$475,000
Est. $2,397/mo315 E Main Street, Soap Lake, WA 98851
• Listed 2026-01-23•136 days on market
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Rare downtown opportunity in the heart of Soap Lake! Located just a short distance from the lake, restaurants, resorts, and local entertainment, this versatile multi-use building offers exceptional potential. The street-facing entrance features an approximately 1,000 sq ft storefront, ideal for retail, office, or service use. The rear of the building has a separate entrance leading to a spa or massage-style layout with multiple rooms that could be leased individually or utilized as part of a single business. A separate basement space provides additional potential for expansion or future conversion. The property also includes two additional living quarters suitable for residential tenants, creating a compelling live-work or income-producing opportunity. Outdoor space adds even more flexibility for seating, gatherings, or relaxation, while embracing Soap Lake’s unique resort-town history,once nationally known for its therapeutic mineral waters and historic bathing culture. A truly distinctive property with endless possibilities in one of Soap Lake’s most accessible locations
Open houses
No upcoming open houses scheduled for this property.
$268,000
-$207,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $215K and $355K.
Rental earnings
$800/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$215,000Last sold price
427 Ne 1st Avenue, Soap Lake, WA 98851
$268,000Last sold price
20414 11th Street Nw, Soap Lake, WA 98851
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.
315 E Main Street, Soap Lake, WA 98851
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
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of January 23, 2026 at 10:57am (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.
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Listed by Brandon Douglass • Windermere RE K-2 Realty
Listing updated: January 23, 2026 at 10:57am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2470603
Soap Lake is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 3% below list price.
Time on market: The average home goes pending in around 21 days.
$450,000 Sold
3 days ago
3 bd•2 ba
19373 Division Road Nw, Soap Lake, WA 98851
0%
Over list
—
Days on market
1.0 mi
Distance
$336,000 Sold
2 weeks ago
2 bd•2 ba•~2,162 sq ft•Single Family
85 7th Avenue Sw, Soap Lake, WA 98851
1%
Under list
—
Days on market
0.6 mi
Distance
$170,000 Sold
4 weeks ago
2 bd•1 ba•~924 sq ft•Single Family
711 S Canna Street, Soap Lake, WA 98851
3%
Under list
—
Days on market
0.5 mi
Distance
$315,000 Sold
6 weeks ago
3 bd•2 ba•~1,481 sq ft•Single Family
715 Buttercup Street, Soap Lake, WA 98851
3%
Under list
—
Days on market
0.6 mi
Distance
$210,000 Sold
7 weeks ago
•Single Family
0 Nna Division.4 Road Ne, Soap Lake, WA 98851
16%
Under 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.
