Turnkey Restaurant with Liquor
298 D Street Idaho Falls, ID 83402
298 D Street, Idaho Falls, ID, 83402
$1,750,000
For Sale
$1,750,000
COMMERCIAL - Idaho Falls, ID
Property Size9,400 SF
Lot Size0.45 Acres
Price / SF$186.17
Days on Market166
Property Features for 298 D Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2, Basement
- Parking features
- Parking Lot
- Security features
- Security System
- Basement
- Unfinished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 198000900A
- Size
- 9,400 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT S 7-9, BLOCK 9, RAILROAD NW1/4, SEC 19, T 2N, R 38
- Tax Annual Amount
- 6191
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Tar/Gravel
Listing agency
Mountain Life Realty, dba MLR
(208) 982-0309
Listed by
Kristen Andelin · License #56532
(208) 982-0309
Added: Feb 6 Updated: Jun 30 at 1:10AM Checked: Jul 22 at 10:06AM
MLS# 2180544
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is set up for immediate operation. The property includes an active liquor license, a fully equipped kitchen, and ample dining space designed to support restaurant service without additional buildout. In addition to the dining and kitchen areas, there is extra square footage on site that can support future expansion or add-on concepts. The building also has an upstairs apartment that is ready to be renovated for use as tenant income or on-site living.
Located at 298 D Street in Idaho Falls, Idaho, the property is positioned in the downtown area. Owner financing is available, providing an alternative path to acquisition for qualified buyers.
For restaurant operators, this layout offers a turnkey path to opening or continuing service with an operating liquor license and kitchen in place. For buyers exploring a production component, the added space may support planning for additional operations beyond standard dining. The upstairs apartment adds flexibility for an owner-operator to offset costs through rental income after renovation, while keeping the main restaurant ready for business use.
Located at 298 D Street in Idaho Falls, Idaho, the property is positioned in the downtown area. Owner financing is available, providing an alternative path to acquisition for qualified buyers.
For restaurant operators, this layout offers a turnkey path to opening or continuing service with an operating liquor license and kitchen in place. For buyers exploring a production component, the added space may support planning for additional operations beyond standard dining. The upstairs apartment adds flexibility for an owner-operator to offset costs through rental income after renovation, while keeping the main restaurant ready for business use.
Key Highlights
- Owner financing available for a downtown Idaho Falls restaurant opportunity.
- Active liquor license included with the restaurant.
- Fully equipped kitchen with ample dining space for immediate operation.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.3k | $16.20 |
| − Vacancy | −$3.8k | −$0.41 |
| EGI | $148.5k | $15.79 |
| − OpEx | −$37.1k | −$3.95 |
| NOI | $111.4k | $11.85 |
9,400 SF · lease $16.20/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,355 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$1.22M
$1.07M – $1.42M
NOI $85,293 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,377 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Frosty Gator
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Firehouse Subs Utah Avenue — 435 S Utah Ave, Idaho Falls, ID 83402
- Snake River Eats — 235 B Cliff St, Idaho Falls, ID 83402
- Authentic Mexican food stand — Memorial Dr, Idaho Falls, ID 83402
- Lost River Smokehouse — 452 S Holmes Ave, Idaho Falls, ID 83404
- Mama Fla The Authentic Italian Cuisine — back of the building, 385 River Pkwy, Idaho Falls, ID 83402
FAQs
What type of property is this?
Restaurant - Downtown turnkey restaurant with active liquor license and equipped kitchen, plus an upstairs apartment for renovation.
Where is this restaurant located?
The property is located at 298 D Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Owner financing available for a downtown Idaho Falls restaurant opportunity.; Active liquor license included with the restaurant.; Fully equipped kitchen with ample dining space for immediate operation.
