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Commercial Live-Work Studio
For Sale
$108,000

114 S Main St, Grace, ID 83241

Commercially zoned space combines a studio layout with Main Street exposure and parking on both sides of the building.

Property Size1,008 SF
Price / SF$107.14
Days on Market25

Property Features for 114 S Main St

General Information

Standard status Active
Size 1,008 SF
Total Parking Spaces 2

Additional Details

Road Access Yes

Building Details

Year Built 1947
Listing Agency: Guardian Realty
Listed By: Alana Burns · License #49392
Source: Signaturerealestateid
Added: Aug 6 Changed: Aug 30 Last Checked: Aug 30 at 7:14PM

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 Guardian Realty

Investment Insights

Based on property information with market context.

This 1008-square-foot mixed-use studio provides a compact live-work format within a commercially zoned building on Main Street. The interior features tall ceilings, several wood accent walls, and separated areas that create distinct functional zones. Constructed in 1947, the property offers a character-rich setting for combining business and personal use.

Parking is available in front of the building, with an additional private space behind it. The property sits in the center of Grace, within walking distance of the gym, gas station, school, library, City Hall, food, and shopping. Lava Hot Springs is approximately 15 minutes away, adding access to its hot pools, geyser, and outdoor activities.

Key Highlights

  • 1008‑square‑foot mixed‑use studio
  • Commercially zoned property on Main Street
  • Tall ceilings and multiple wood feature walls

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick HVAC Service Auto Repair Shop (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pharmacy Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

77
Businesses Nearby

Demographics for 83241, ID

1,924
Population
815
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
94%
High-School Grad
197.0 sq mi
ZIP Area
10
Density / Sq Mi
$68,810
Median Household Income
$24,860
Median Earnings
$710
Median Rent
$206,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned space combines a studio layout with Main Street exposure and parking on both sides of the building.
Where is this mixed-use property located?
The property is located at 114 S Main St Grace, ID.
What is the asking price?
The asking price for this property is $108,000.
What are key features of this property?
This property features: 1008‑square‑foot mixed‑use studio; Commercially zoned property on Main Street; Tall ceilings and multiple wood feature walls
More about this property
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