Retail Space Near Signalized
101 North Milwaukee Street Boise, ID 83704
101 North Milwaukee Street, Boise, ID, 83704
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For Sale
Contact for pricing
Direct on/off-ramp access to I-184 and heavy daily traffic at a signalized corner intersection.
Property Size20,643 SF
Price / SF$217.99
Days on Market22
Property Features for 101 North Milwaukee Street
General Information
- Standard status
- Active
- Size
- 20,643 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing agency
NAI Select
(208) 781-9524
Listed by
Travis Dunn · License #ID SP52954
Source
Crexi
Added: Jul 1 Updated: Jul 22 at 3:29AM Checked: Jul 22 at 3:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Select
Investment Insights
Based on property information with market context.
This retail space is positioned near a signalized, hard-corner intersection at N. Milwaukee Street and W. Franklin Road. Traffic counts in the area average a combined ±66,550 vehicles passing by daily, supporting strong visibility and customer flow.
The site also benefits from nearby direct on/off-ramp access to I-184, a major commuter highway serving the Boise metropolitan area, with approximately ±142,000 VPD. The space is further situated to function as an anchor for Westpark Towne Plaza, a ±330,000 SF shopping center that includes tenants such as Petco and Dick’s Sporting Goods.
Additional retailers noted within the broader retail corridor include Target, Walmart Supercenter, Costco, The Home Depot, Cabela’s, TJ MAXX, Best Buy, and more.
The site also benefits from nearby direct on/off-ramp access to I-184, a major commuter highway serving the Boise metropolitan area, with approximately ±142,000 VPD. The space is further situated to function as an anchor for Westpark Towne Plaza, a ±330,000 SF shopping center that includes tenants such as Petco and Dick’s Sporting Goods.
Additional retailers noted within the broader retail corridor include Target, Walmart Supercenter, Costco, The Home Depot, Cabela’s, TJ MAXX, Best Buy, and more.
Key Highlights
- Year built: 1994
- Signalized hard‑corner location at N. Milwaukee Street and W. Franklin Road with ±66,550 vehicles passing daily
- Direct on/off‑ramp access to I‑184 (±142,000 VPD), a major commuter highway serving the Boise metro area
Local Financial Insights For 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 | $391.4k | $18.96 |
| − Vacancy | −$17.6k | −$0.85 |
| EGI | $373.8k | $18.11 |
| − OpEx | −$112.1k | −$5.43 |
| NOI | $261.6k | $12.67 |
20,643 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.74M
$3.27M – $4.36M
NOI $261,645 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.70M
$4.99M – $6.65M
NOI $399,070 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Harry S Rinker ...
City Government Office
Big 5 Sporting ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Boise Towne Square — 350 N Milwaukee St, Boise, ID 83704
- Sunglass Hut — 350 N Milwaukee St #2154, Boise, ID 83704
- Sunglass Outfitters by Sunglass Hut — 8109 W Franklin Rd, Boise, ID 83709
- Franklin Towne Plaza — 8363 Franklin Rd, Boise, ID 83709
- Westpark Plaza — 301 N Milwaukee St, Boise, ID 83704
FAQs
What type of property is this?
Shopping center - Direct on/off-ramp access to I-184 and heavy daily traffic at a signalized corner intersection.
Where is this shopping center located?
The property is located at 101 North Milwaukee Street Boise, ID.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Year built: 1994; Signalized hard‑corner location at N. Milwaukee Street and W. Franklin Road with ±66,550 vehicles passing daily; Direct on/off‑ramp access to I‑184 (±142,000 VPD), a major commuter highway serving the Boise metro area
