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    201 Mckinley Ave Kellogg, ID 83837

    For Sale
    $797,000

    Multi-use property with strong rental income.

    Property size:
    6,470 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a remarkable chance to acquire a piece of Kellogg's history: the iconic Rio Hotel. Situated on a 0.16-acre lot at 201 McKinley Avenue, this 6,470 square foot multi-use property boasts a proven track record of success. The building currently comprises fourteen apartments, each with a history of consistent rental income, providing a stable and reliable revenue stream for the new owner. In addition to the residential units, the property includes a former tavern, offering significant potential for redevelopment or repurposing. A leased dance hall and office spaces further diversify the income streams and usage possibilities. An on-site manager is currently in place, streamlining operations and ensuring efficient property management. The property's prime location in uptown Kellogg places it within easy walking distance of a vibrant array of local pubs and restaurants, ensuring high visibility and convenient access for both residents and commercial tenants. This is a rare opportunity to own a significant piece of Kellogg's commercial landscape, offering substantial income potential and the chance to shape the future of this historic landmark. The asking price is $797,000. This property is being sold as-is.

    Property Features for 201 Mckinley Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,470 SF
    Lot Size
    6,970 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kellogg
    County
    Shoshone
    State
    Idaho
    Longitude
    -116.1243
    Latitude
    47.53539

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use property with strong rental income.
    Where is this commercial real estate located?
    The property is located at 201 Mckinley Ave Kellogg, ID.
    What is the asking price?
    The asking price for this property is $797,000.
    (208) 786-0100
    Request Owner's contact information
    201 Mckinley Ave Kellogg, ID 83837
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    Kellogg, ID 83837
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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
    201 Mckinley Ave Kellogg, ID 83837
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