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    2009 E Sherman Ave Coeur d Alene, ID 83814

    For Sale
    $2,499,900

    MULTI_FAMILY - Coeur d'Alene, ID

    Property size:
    6,849 SF
    Lot size:
    0.47 Acres
    Days on Market:
    92
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 2009 E Sherman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-17
    Rooms
    Bathroom 8, Bedroom 8, Bathroom 11, Bathroom 5, Bedroom 9, Bathroom 7, Bedroom 1, Bathroom 13, Bedroom 4, Bedroom 3, Bathroom 6, Bedroom 12, Bedroom 5, Bedroom 6, Bathroom 10, Bathroom 15, Bedroom 15, Bedroom 10, Bathroom 9, Bathroom 3, Bathroom 14, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 14, Bathroom 12, Bedroom 11, Bathroom 4, Bedroom 13, Bedroom 7
    Bedrooms
    15
    APN
    C4320011009A
    Interior features
    High Speed Internet
    Size
    6,849 SF
    Lot size
    0.47 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating), Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    20
    Building materials
    T1-11, Frame
    Roof type
    Rubber

    Berkshire Hathaway HomeServices Jacklin Real Estate (208) 758-7474 [email protected]

    Listing agent Zachary Froehlich (208) 640-1365 License #SP40004

    Listing date Sep 5, 2025

    MLS# 25-8730 Listing URL

    Copyright © 2025 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coeur d'Alene Development Opportunity

    This property presents a significant investment opportunity with almost 200 feet of commercial frontage on Sherman Avenue in downtown Coeur d'Alene. Situated on approximately 0.47 acres, the property currently features apartment units, but offers substantial development potential. Its location is advantageous, near the I-90 off-ramp and a few blocks from the Coeur d'Alene Resort Golf Course. The property is also near the Centennial Trail and upcoming developments on Coeur d'Alene Lake Drive. As a corner lot, it represents one of the largest remaining lots on Sherman Avenue. The property contains 6,849 square feet and is zoned C-17.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Flats in Coeur d'Alene Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coeur d Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.756994
    Latitude
    47.673519

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    FAQs

    What type of property is this?
    Apartment building - Prime downtown location with development potential near Coeur d'Alene Resort.
    Where is this apartment building located?
    The property is located at 2009 E Sherman Ave Coeur d Alene, ID.
    What is the asking price?
    The asking price for this property is $2,499,900.
    What are key features of this property?
    This property features: - Prime downtown Coeur d'Alene location on Sherman Avenue with almost 200 feet of commercial frontage.; - Large lot size: .465 acres (almost four city lots), one of the biggest remaining on Sherman Ave.; - High development potential due to size and location.
    (208) 640-1365
    Request Owner's contact information
    2009 E Sherman Ave Coeur d Alene, ID 83814
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2009 E Sherman Ave Coeur d Alene, ID 83814
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