Downtown Restaurant
For Sale
$1,750,000
298 D St, Idaho Falls, ID 83402
Downtown restaurant property with substantial on-site parking and a central Idaho Falls location.
Property Size9,400 SF
Lot Size0.45 Acres
Price / SF$186.17
Days on Market73
Property Features for 298 D St
General Information
Standard status
Active
Size
9,400 SF
Lot size
0.45 Acres
Building Details
Year Built
1948
Listing Agency:
Mountain Life Realty, dba MLR
Listed By:
Kristen Andelin · License #56532
(208) 982-0309
Source:
Griderpeterson
Added: Aug 3
Changed: Oct 4
Last Checked: Oct 5 at 9:54PM
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 Mountain Life Realty, dba MLR
Investment Insights
Based on property information with market context.
Located at 298 D St in Idaho Falls, this conventional restaurant property includes a 9,400-square-foot commercial building on approximately 0.45 acres. Constructed in 1948, the asset provides a substantial on-site parking area within the downtown corridor.
The property’s central setting, visible location, and accessible layout support its established restaurant classification. The building may also accommodate retail, office, or entertainment uses, as identified in the property information.
The property’s central setting, visible location, and accessible layout support its established restaurant classification. The building may also accommodate retail, office, or entertainment uses, as identified in the property information.
Key Highlights
- 9,400‑square‑foot commercial building
- Approximately 0.45 acres
- Substantial on‑site parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,355
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,227,100
$2.2M
Cap Rate 7%
$1,590,786
$1.6M
Cap Rate 9%
$1,237,278
$1.2M
Market Conditions
NOI Build-Up for 9,400 SF
Gross rent
$152.3K $16.20/SF
− Vacancy
−$3.8K −$0.41/SF
EGI
$148.5K $15.79/SF
− OpEx
−$37.1K −$3.95/SF
NOI
$111.4K $11.85/SF
Area
Bonneville County, ID
Vacancy
2.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,227,100
Cap Rate 7%
$1,590,786
Cap Rate 9%
$1,237,278
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,355 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,377 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Hotels & Casinos 20%
Applebee's
Dining
15,633 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
12,485 visits/mo
0.4 miles
KeyBank
Shops & Services
9,101 visits/mo
0.4 miles
Residence Inn Idaho Falls
Hotels & Casinos
5,499 visits/mo
0.5 miles
Hilton Garden Inn Idaho Falls
Hotels & Casinos
5,063 visits/mo
0.5 miles
Demographics for 83402, ID
28,452
Population
11,983
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
171.0 sq mi
ZIP Area
166
Density / Sq Mi
$72,064
Median Household Income
$35,593
Median Earnings
$904
Median Rent
$301,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown restaurant property with substantial on-site parking and a central Idaho Falls location.
Where is this conventional restaurant located?
The property is located at 298 D St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 9,400‑square‑foot commercial building; Approximately 0.45 acres; Substantial on‑site parking area
