Parkwater Schoolhouse

5634 E Commerce, Spokane, WA 99212

Property Information

  • For Sale $675,000
  • Property Type Office
  • Property Size 8,832 SF
  • Lot Size 0.56 Acre
  • Cap Rate % 6.87
  • NOI / YR $46,404.00
  • # of Floors 3
  • Parking Spaces Avail. 25
  • Parking Ratio 2.83 / 1,000 SF
  • Year Built 1913
  • Year Renovated 2025
  • Date Updated May 26, 2026

Description

Welcome to the Parkwater Schoolhouse—

A historic 1913 brick landmark, just half a mile from Spokane’s iconic Felts Field.

This two-story, 8,832 square foot building—plus a full unfinished basement—sits on nearly 25,000 square feet of corner lot frontage, with paved parking for approximately 25 vehicles. It includes a convenient dock with a loading door and is equipped with 3-phase 120/240 volt electrical service.

Zoned GC-70, this versatile mixed-use commercial property offers a unique blend of residential and commercial space.

Inside, you'll find 4 residential apartments, 2 professional offices, a lash salon, and 2 large commercial studios—one currently operating as a martial arts dojo.

The Parkwater Schoolhouse has lived many lives—originally an elementary school, then a 1940s flight training academy serving nearby Felts Field, followed by decades as a nursing home.

In the 1980s, it became a pioneering brewery and eventually a beloved winery and event venue, hosting tastings, gatherings, and community celebrations.

Offered at $675,000, the Parkwater Schoolhouse is a rare opportunity to own a piece of Spokane’s past—with endless potential for its future/

AMENITIES

Historic 1913 brick landmark, located just 0.5 miles from Felts Field

Two stories plus a full, unfinished basement

Total building size: 8,832 sq ft

Situated on a nearly 25,000 sq ft corner lot

Features a loading dock with roll-up door

3-phase 120/240V electrical service

Zoned GC-70 (General Commercial)

Suitable for a mix of residential and commercial uses

4 residential apartments

2 professional office spaces

1 lash salon

2 large commercial studio  

Contacts

Location

Located at 5634 E Commerce, Spokane, WA 99212, this property is part of the Chief Garry Park neighborhood and Spokane market.

Contact Parkwater Schoolhouse
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