298 D Street, Idaho Falls, ID 83402
COMMERCIAL - Idaho Falls, ID
- Added:
- Feb 6, 2026
- Days on Market:
- 151
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 298 D Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2, Basement
- Parking features
- Parking Lot
- Security features
- Security System
- Basement
- Unfinished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 198000900A
- Size
- 9,400 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT S 7-9, BLOCK 9, RAILROAD NW1/4, SEC 19, T 2N, R 38
- Tax Annual Amount
- 6191
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Tar/Gravel
Listing agent Kristen Andelin License #56532 (208) 982-0309
Listing office Mountain Life Realty, dba MLR PO Box 441, Island Park, ID (208) 982-0309
Listing date Feb 6, 2026
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Owner financing available for a downtown Idaho Falls restaurant opportunity.
- Active liquor license included with the restaurant.
- Fully equipped kitchen with ample dining space for immediate operation.
- Upstairs apartment is ready to be renovated for tenant income or on‑site living.
- Building features brick construction, natural gas heating, and central air conditioning.
- Accessible approach with ramp; public water and public sewer; tar/gravel roof; parking lot.
Overview
Located at 298 D Street in Idaho Falls, Idaho, the property is positioned in the downtown area. Owner financing is available, providing an alternative path to acquisition for qualified buyers.
For restaurant operators, this layout offers a turnkey path to opening or continuing service with an operating liquor license and kitchen in place. For buyers exploring a production component, the added space may support planning for additional operations beyond standard dining. The upstairs apartment adds flexibility for an owner-operator to offset costs through rental income after renovation, while keeping the main restaurant ready for business use.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.3k | $16.20 |
| − Vacancy | −$3.8k | −$0.41 |
| EGI | $148.5k | $15.79 |
| − OpEx | −$37.1k | −$3.95 |
| NOI | $111.4k | $11.85 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Firehouse Subs Utah Avenue — 435 S Utah Ave, Idaho Falls, ID 83402
- Snake River Eats — 235 B Cliff St, Idaho Falls, ID 83402
- Authentic Mexican food stand — Memorial Dr, Idaho Falls, ID 83402
- Lost River Smokehouse — 452 S Holmes Ave, Idaho Falls, ID 83404
- Mama Fla The Authentic Italian Cuisine — back of the building, 385 River Pkwy, Idaho Falls, ID 83402
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.0373288
- Latitude
- 43.4949169
