Warehouse with Three-Phase
For Sale
$880,000
Pending
107 E Spruce Ave, Coeur d Alene, ID 83814
Commercial Sale, Warehouse, Coeur d'Alene, ID
Property Size7,884 SF
Lot Size0.34 Acres
Days on Market155
Property Features for 107 E Spruce Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CDA-C-17
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Interior features
3 Phase Power
Subdivision
Sherman Add To Cd'A
Lot features
Level
Directions
TAKE GOVERNMENT WAY TO SPRUCE / PROPERTY IS ON THE LEFT
Standard status
Pending
APN
C8190053999E
Size
7,884 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sherman Add To Cda, Tax #4617 Ex N 150 Ft & Ex S 150 Ft Of W 50 Ft Block 53 1250N04w
Tax Annual Amount
2509
Legal Description
Sherman Add To Cda, Tax #4617 Ex N 150 Ft & Ex S 150 Ft Of W 50 Ft Block 53 1250N04w
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1973
Building materials
Wood Siding, Steel Siding, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Best Choice Realty LLC
(509) 795-2029
Listed By:
Adam A Wilson · License #AB56860
(208) 783-7380
Added: May 15
Changed: Oct 7
Last Checked: Oct 16 at 12:06AM
MLS# 26-4963
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property includes a 7,884-square-foot warehouse building on a 0.34-acre parcel. Built in 1973, the structure has wood and steel siding, a metal roof, natural gas and electric heating, three-phase power, and three bathrooms. Public water and sewer serve the site.
Located at 107 E Spruce Ave in Coeur d'Alene, the property sits near dining, shopping, entertainment, the waterfront, and the downtown district. C-17 zoning supports a range of commercial applications, subject to applicable requirements. The compact site combines an established building with a central North Idaho location.
Located at 107 E Spruce Ave in Coeur d'Alene, the property sits near dining, shopping, entertainment, the waterfront, and the downtown district. C-17 zoning supports a range of commercial applications, subject to applicable requirements. The compact site combines an established building with a central North Idaho location.
Key Highlights
- 7,884‑square‑foot warehouse building on a 0.34‑acre parcel
- CDA‑C‑17 zoning
- Three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,176
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,520
$1.1M
Cap Rate 7%
$816,800
$816.8K
Cap Rate 9%
$635,289
$635.3K
Market Conditions
NOI Build-Up for 7,884 SF
Gross rent
$71.0K $9.00/SF
− Vacancy
−$3.7K −$0.47/SF
EGI
$67.3K $8.53/SF
− OpEx
−$10.1K −$1.28/SF
NOI
$57.2K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,520
Cap Rate 7%
$816,800
Cap Rate 9%
$635,289
Alternative Uses
Best Use
Warehouse
$816.8K
$714.7K – $952.9K
NOI $57,176 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,717 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,984
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - C-17-zoned commercial warehouse with public utilities and a central Coeur d'Alene setting.
Where is this warehouse located?
The property is located at 107 E Spruce Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 7,884‑square‑foot warehouse building on a 0.34‑acre parcel; CDA‑C‑17 zoning; Three‑phase power
