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Historic Mixed-Use Restaurant Office
For Sale
$287,000

517 Bank Street, Wallace, ID 83873

Recently remodeled historic building features half restaurant setup and half existing office space.

Property SizeContact for details
Days on Market113

Property Features for 517 Bank Street

General Information

Standard status Active
Zoning Commercial

Building Details

Year Built 1893
Listing Agency: Borton Properties of North Idaho
Listed By: Matt C Borton · License #AB52691
Source: Purewestrealestate
Added: May 14 Changed: Aug 8 Last Checked: Sep 2 at 1:12PM

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 Borton Properties of North Idaho

Investment Insights

Based on property information with market context.

This historic building has been recently remodeled, including a new roof. The property is configured as a mixed-use setup with half the building set up for restaurant use and the other half as existing office space. Office and restaurant furnishings have been removed, providing a clear starting point for a new layout or tenant buildout.

The building is located on the sunny side of Bank Street in Historic Downtown Wallace, Idaho. The entire town of Wallace is listed on the National Register of Historic Places.

As reflected in the current configuration, the property offers two distinct components within one building: a restaurant portion and an office portion, supporting flexible occupancy options while retaining a cohesive historic structure.

Key Highlights

  • Historic building built in 1893 in Historic Downtown Wallace, Idaho (the entire town is listed on the National Register of Historic Places)
  • Recently remodeled with a new roof
  • Building has flexible layout with half set up as a restaurant and the other half as existing office space

Property Analytics

Current Use

Hendrixson Real Estate Real Estate Agency Muchachos Tacos Restaurant

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Bakery Pharmacy (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby
Balanced
Demand for This Use

Demographics for 83873, ID

1,587
Population
1,154
Households
1.4
Avg Household Size
51
Median Age
13%
College-Educated
90%
High-School Grad
254.9 sq mi
ZIP Area
6
Density / Sq Mi
$41,838
Median Household Income
$34,545
Median Earnings
$660
Median Rent
$249,800
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Recently remodeled historic building features half restaurant setup and half existing office space.
Where is this conventional restaurant located?
The property is located at 517 Bank Street Wallace, ID.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Historic building built in 1893 in Historic Downtown Wallace, Idaho (the entire town is listed on the National Register of Historic Places); Recently remodeled with a new roof; Building has flexible layout with half set up as a restaurant and the other half as existing office space
More about this property
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