Multi-Level Retail Flex
401 E St Idaho Falls, ID 83402
401 E St, Idaho Falls, ID, 83402
$1,499,000
For Sale
$1,499,000
Multi-level downtown building with basement space, multiple entrances, partitioned areas, and an overhead loading door.
Property Size24,000 SF
Price / SF$62.46
Days on Market65
Property Features for 401 E St
General Information
- Standard status
- Active
- Size
- 24,000 SF
Listing agency
Summit View Realty
(208) 346-2649
Listed by
Jessica Zaugg
(208) 346-2649
Source
Exprealty
Added: May 19 Updated: Jul 22 at 4:54AM Checked: Jul 22 at 4:54AM
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 Summit View Realty
Investment Insights
Based on property information with market context.
This multi-level commercial building offers a flexible layout with partitioned areas and multiple entrances, along with spacious storage and basement space. An overhead loading door supports convenient shipping and receiving for tenants or users requiring back-of-house access.
Located in downtown Idaho Falls, the property provides on-street and off-street parking and is described as being minutes from restaurants, shopping, entertainment, and the Snake River Greenbelt. Quick access to major highways is also noted in the remarks.
The Bike Shop is currently operating inside the building, and the offering includes the potential to keep the established tenant in place. The configuration is presented as adaptable for a range of retail, office, showroom, or mixed-use arrangements depending on how the interior spaces are finished and managed.
Located in downtown Idaho Falls, the property provides on-street and off-street parking and is described as being minutes from restaurants, shopping, entertainment, and the Snake River Greenbelt. Quick access to major highways is also noted in the remarks.
The Bike Shop is currently operating inside the building, and the offering includes the potential to keep the established tenant in place. The configuration is presented as adaptable for a range of retail, office, showroom, or mixed-use arrangements depending on how the interior spaces are finished and managed.
Key Highlights
- Multi‑level downtown Idaho Falls commercial building with basement space
- Overhead loading door for shipping and receiving
- Flexible interior layout with multiple entrances and partitioned areas
Local Financial Insights For Industrial
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 | $144.0k | $6.00 |
| − Vacancy | −$2.9k | −$0.12 |
| EGI | $141.1k | $5.88 |
| − OpEx | −$42.3k | −$1.76 |
| NOI | $98.8k | $4.12 |
24,000 SF · lease $6.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.72M
$3.25M – $4.33M
NOI $260,064 @ 7.0% cap · market cap 17.35%
Second Best
Retail
$3.11M
$2.72M – $3.63M
NOI $217,768 @ 7.0% cap · market cap 14.53%
Theoretical Best
Office A
$5.30M
$4.64M – $6.19M
NOI $371,174 @ 7.0% cap · market cap 24.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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Similar Off Market Nearby
- Aladdin's Floral — 504 W Broadway St, Idaho Falls, ID 83402
FAQs
What type of property is this?
Storefront property - Multi-level downtown building with basement space, multiple entrances, partitioned areas, and an overhead loading door.
Where is this storefront property located?
The property is located at 401 E St Idaho Falls, ID.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Multi‑level downtown Idaho Falls commercial building with basement space; Overhead loading door for shipping and receiving; Flexible interior layout with multiple entrances and partitioned areas
