Corner Retail Building with Lake
402 E Sherman Ave Coeur d Alene, ID 83814
For Sale
Contact for pricing
Landmark brick corner building totaling 40,000 square feet near Lake Coeur d'Alene and downtown attractions.
Property Size40,000 SF
Price / SF$168.75
Days on Market11
Property Features for 402 E Sherman Ave
General Information
Standard status
Active
Size
40,000 SF
Property subtype
RETAIL
Listing Agency:
Live Real Estate LLC
(208) 719-1162
Listed By:
Blake Ward
Source:
Moodyscre
Added: Jul 20
Changed: Jul 29
Last Checked: Jul 29 at 8:23AM
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 Live Real Estate LLC
Investment Insights
Based on property information with market context.
This landmark brick corner building, historically known as The Dingle, offers 40,000 square feet of retail and professional space. The property includes The Corner Store and a mix of retail and professional tenants. A fire decades ago damaged the 4th floor, creating an opportunity to rebuild and add back roughly 10,000 square feet, with rooftop views.
The building occupies a premier downtown corner in Coeur d'Alene, with proximity to Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort. Showings are by appointment only.
With its existing multi-tenant configuration and downtown corner setting, the building presents a distinctive redevelopment and leasing asset anchored by its established presence in the market.
The building occupies a premier downtown corner in Coeur d'Alene, with proximity to Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort. Showings are by appointment only.
With its existing multi-tenant configuration and downtown corner setting, the building presents a distinctive redevelopment and leasing asset anchored by its established presence in the market.
Key Highlights
- Landmark brick corner building totaling 40,000 SF in downtown Coeur d'Alene with lake views
- Mixed retail and professional tenancy, including The Corner Store
- Located steps from Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort
Financial Insights For 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 | $600.0k | $15.00 |
| − Vacancy | −$24.0k | −$0.60 |
| EGI | $576.0k | $14.40 |
| − OpEx | −$172.8k | −$4.32 |
| NOI | $403.2k | $10.08 |
40,000 SF · lease $15.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.76M
$5.04M – $6.72M
NOI $403,200 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.68M
$7.59M – $10.12M
NOI $607,392 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Floral By Bri — 504 E Lakeside Ave Studio #9, Coeur d'Alene, ID 83814
Frequently Asked Questions
What type of property is this?
Storefront property - Landmark brick corner building totaling 40,000 square feet near Lake Coeur d'Alene and downtown attractions.
Where is this storefront property located?
The property is located at 402 E Sherman Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Landmark brick corner building totaling 40,000 SF in downtown Coeur d'Alene with lake views; Mixed retail and professional tenancy, including The Corner Store; Located steps from Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort
