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    215 Main St Ririe, ID 83443

    Sponsored
    For Sale
    $650,000

    High-Yield Multi-Use Property in Ririe, ID

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 215 Main Street, Ririe, Idaho, presents a lucrative investment opportunity with a projected 10% cap rate. The 0.26-acre site houses the Ririe Pavilion, a thriving multi-tenant building currently occupied by Hometown Physical Therapy, South Fork Restaurant, Ririe Salon, and Fit For All Gym. Adding to the income potential are three residential apartments, generating consistent rental income. Significant upside potential exists with two large, currently unrented bays at the rear of the building, ideally suited for a mechanic shop or similar business. The property's versatility is further enhanced by the inclusion of two vacant lots (Lots 29 and 30 of Block 4, Old Ririe Townsite), offering future development or expansion possibilities. The existing tenants provide a stable income stream, contributing to the property's strong financial performance and attractive return on investment. This is a rare opportunity to acquire a well-established, multi-use commercial property in a growing Idaho community, offering both immediate income and long-term growth potential. The asking price is $650,000.

    Property Features for 215 Main St

    General Information

    Property type
    Investment properties
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1935
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Ririe
    County
    Jefferson County
    State
    Idaho
    Longitude
    -111.7739
    Latitude
    43.62857

    Nearby Comparable

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      40.01 acres with water rights near Ririe, Idaho.
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    • $699,000
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      Rigby Land & Shop Opportunity

      3.85 Acres, 7,000 sq ft Shop
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    • $675,000
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      6-Acre Lot with Shop

      Six-acre lot with a shop near outdoor recreational areas.
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    Nearby Similar for Sale

    • $399,000
      3,156 SF

      Two Homes on Corner Lot

      Two homes on a spacious corner lot in Ririe, ID.
      406 1 St W, Ririe, ID 83443
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    FAQs

    What type of property is this?
    Investment property - High-Yield Multi-Use Property in Ririe, ID
    Where is this investment property located?
    The property is located at 215 Main St Ririe, ID.
    What is the asking price?
    The asking price for this property is $650,000.
    (208) 523-6111
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    215 Main St Ririe, ID 83443
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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
    215 Main St Ririe, ID 83443
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