Multi-Level Retail Flex
For Sale
$1,499,000
401 E St, Idaho Falls, ID 83402
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 Market156
Property Features for 401 E St
General Information
Standard status
Active
Size
24,000 SF
Taxes and HOA fees
Annual Taxes
$4,719
Listing Agency:
Summit View Realty
(208) 589-8282
Listed By:
Jessica Zaugg
(208) 346-2649
Source:
Exprealty
Added: May 19
Changed: Oct 6
Last Checked: Oct 21 at 2:22AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,784
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,680
$2.0M
Cap Rate 7%
$1,411,200
$1.4M
Cap Rate 9%
$1,097,600
$1.1M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$144.0K $6.00/SF
− Vacancy
−$2.9K −$0.12/SF
EGI
$141.1K $5.88/SF
− OpEx
−$42.3K −$1.76/SF
NOI
$98.8K $4.12/SF
Area
Bonneville County, ID
Vacancy
2.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,680
Cap Rate 7%
$1,411,200
Cap Rate 9%
$1,097,600
Alternative Uses
Best Use
Retail
$3.11M
$2.72M – $3.63M
NOI $217,768 @ 7.0% cap · market cap 14.53%
Second Best
Flex RnD
$2.11M
$1.85M – $2.47M
NOI $147,982 @ 7.0% cap · market cap 9.87%
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Aladdin's Floral — 504 W Broadway St, Idaho Falls, ID 83402
Frequently Asked Questions
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
