Historic Saloon With
57 S 1st St W Downey, ID 83234
57 S 1st St W, Downey, ID, 83234
$269,000
Pending
For Sale
$269,000
Pending
COMMERCIAL - Downey, ID
Property Size2,800 SF
Lot Size0.60 Acres
Days on Market162
Property Features for 57 S 1st St W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial General
- Standard status
- Pending
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S9' LOT 13; ALL LOTS 14-20 BLOCK 49 PARK ADDN TO DOWNEY and S9' LOT 12 N16' LOT 13 BLOCK 49 PARK
- Tax Annual Amount
- 2233
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1939
- Building materials
- Frame, Log
- Roof type
- Metal
Listing Agency
Premier Properties Real Estate Co.
(208) 232-5025
460 E Oak Suite A, Pocatello, ID
Listed by
Brandi Townsend · License #SP44013
(208) 406-8511
Added: Feb 5 Checked: Jul 17 at 3:06 pm
MLS# 581593
Copyright © 2026 Greater Pocatello Association of REALTORS®. 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 historic saloon offers a full bar setup and seating area, with an attached one-bedroom, one-bath apartment. The saloon is approximately 2,000 sq ft, while the apartment is approximately 800 sq ft. Fixtures and operating items are included in the sale, including pool tables, tables and chairs, refrigerator, glassware, and bar stools, providing a turn-key starting point for an operator. The apartment needs new flooring and appliances, but the space can support owner occupancy or rental use.
The property sits on two commercial lots and includes a fully fenced outdoor area. The outdoor space features two horseshoe pits and an additional area intended for evening gatherings. A separate 850 sq ft shop/garage is also located on the backside of the property. The property is zoned Commercial General.
For a buyer looking to run a bar and retain flexibility on the living arrangement, the attached apartment supports either renting or owner occupancy. The fenced outdoor amenities and additional shop/garage add practical space for events, storage, or day-to-day operations, while the commercial zoning provides a straightforward platform for hospitality-focused use.
The property sits on two commercial lots and includes a fully fenced outdoor area. The outdoor space features two horseshoe pits and an additional area intended for evening gatherings. A separate 850 sq ft shop/garage is also located on the backside of the property. The property is zoned Commercial General.
For a buyer looking to run a bar and retain flexibility on the living arrangement, the attached apartment supports either renting or owner occupancy. The fenced outdoor amenities and additional shop/garage add practical space for events, storage, or day-to-day operations, while the commercial zoning provides a straightforward platform for hospitality-focused use.
Key Highlights
- Historical saloon plus an attached 1 bedroom, 1 bathroom apartment (saloon approx. 2,000 SF; apartment approx. 800 SF).
- Includes all fixtures and equipment to operate the business, including pool tables, tables & chairs, refrigerator, glassware, and bar stools.
- Property sits on two commercial lots with a fully fenced outdoor area featuring two horseshoe pits.
Local Financial Insights For Apartment 5plus
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 | $33.6k | $12.00 |
| − Vacancy | −$1.6k | −$0.58 |
| EGI | $32.0k | $11.42 |
| − OpEx | −$14.4k | −$5.14 |
| NOI | $17.6k | $6.28 |
2,800 SF · lease $12.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$384.9K
$336.8K – $449.1K
NOI $26,944 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.2K
NOI $17,593 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$464.0K
$406.0K – $541.3K
NOI $32,478 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Bar & Pub - Historic saloon with an attached one-bedroom apartment, plus fenced outdoor area and a shop/garage for flexible use.
Where is this bar & pub located?
The property is located at 57 S 1st St W Downey, ID.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Historical saloon plus an attached 1 bedroom, 1 bathroom apartment (saloon approx. 2,000 SF; apartment approx. 800 SF).; Includes all fixtures and equipment to operate the business, including pool tables, tables & chairs, refrigerator, glassware, and bar stools.; Property sits on two commercial lots with a fully fenced outdoor area featuring two horseshoe pits.
