323 Telegraph Road · Bellingham, WA 98226
Source: NWMLS · Muljat Group · Troy C. Muljat #NWM2554460
About this home
Fully leased multi-tenant commercial building in Bellingham’s Meridian neighborhood, sitting just off the Meridian St/I-5 interchange near major retailers like Target, Marshalls, and Home Depot. Meridian Place hosts a diversified roster of medical, technology, government, and retail-service tenants including Eyes Rite Optical, Team Technology, and the U.S. Army Corps of Engineers. A long history of tenant retention reflects a stable, well-managed asset with dependable in-place income. Located on a lot with ample on-site parking and access off both Telegraph Road and McLeod Road. Plus, Meridian Street carries nearly 39,000 vehicles a day directly past the property, with I-5 running over 60,000 vehicles daily just around the corner. An attractive long-term investment opportunity and easy addition to any portfolio!
Location
Basics
- Property type
- Commercial Industrial
- Style
- Comm Bldg Ovr 10K
- Condition
- Average
- Year built
- 1986
- Lot size
- 81,457 sq ft (1.87 acres)
- County
- Whatcom
- MLS #
- NWM2554460
Interior
- Heating
- None
- Cooling
- Central Air
Exterior & lot
- Exterior features
- Cement/Concrete
Utilities
- Water
- Public
- Sewer
- Sewer Connected
Community & fees
- Subdivision
- Bellingham
- Property tax
- $30,368 (2025)
Transaction
- Listed on
- Jul 17, 2026
- Days on market
- 64
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2018-03-07
- Sold$39,259
Schools
- High
- Squalicum High SchoolSchoolDigger 3 stars · Top 43% in WA

Listing provided courtesy of: Muljat Group
Listing agent: Troy C. Muljat.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-07-17.