16 S Michigan St, Seattle, WA 98108

Small-Bay Industrial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: single-story industrial, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 1,229 reachable small-bay industrial buildings in Seattle. Larger than 44% of small-bay industrial buildings in Seattle (median 14,469 SF), derived from assessor records.

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Building size: 12,000 SF, King County Assessor
Lot size: 12,444 SF, King County Assessor
Year built: 1945, King County Assessor
Stories: 1, King County Assessor
Predominant use: Industrial Bldg, King County Assessor
Assessed value: $1,772,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $147.70/SF, derived from assessor records
Lot coverage: 96%, derived from assessor records
Vintage: 1940s vintage
Zoning: MML U/85, King County
County use code: Industrial(Gen Purpose)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

6361 1st Ave S, Seattle · 0.1 mi · 10,400 SF · built 1959 · assessed $148.18/SF
6401 Occidental Ave S, Seattle · 0.1 mi · 7,773 SF · built 1966 · assessed $212.14/SF
150 S River St, Seattle · 0.1 mi · 5,160 SF · built 1974 · assessed $408.80/SF
151 S Michigan St, Seattle · 0.1 mi · 25,467 SF · built 1973 · assessed $254.53/SF
121 S River St, Seattle · 0.1 mi · 2,520 SF · built 1970 · assessed $1,258/SF
6335 1st Ave S, Seattle · 0.2 mi · 57,540 SF · built 1969 · assessed $243.27/SF

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Sale history and market context

MakeMe Estimate: $2,677,605 (estimated market value), with a likely range of $1,880,325 to $2,965,450 (half of recent verified sales in this segment landed inside that range). Based on 86 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 1989 (about 37 years) per recorded transfers.

2009-07-13: transfer from Private party to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20090729000888

1989-09-18: $302,613 from Duwamish Marine Associates to Private party (part of a 2-parcel sale; price is the whole deal), rec. 198910121223

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $837,000 (2011) to $1,772,400 (2026), up 112% over 15 years, per county tax rolls. The 2026 roll splits $1,772,400 into $746,600 land and $1,025,800 improvements.

Zoning: MML U/85 (per King County)

Lot: 12,444 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Industrial Light Manufacturing 12,000 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)