Landmark Brick Corner Retail
New
For Sale
$6,750,000
402 E Sherman Ave, Coeur d Alene, ID 83814
COMMERCIAL - Coeur d'Alene, ID
Property Size40,400 SF
Lot Size0.24 Acres
Price / SF$167.08
Days on Market7
Property Features for 402 E Sherman Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DC
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 2, Bathroom 4, Bathroom 8, Bathroom 1, Bathroom 6, Bathroom 9, Bathroom 5, Bathroom 7, Bathroom 3, Bathroom 10, Basement
Interior features
Storage, Cable Internet Available, High Speed Internet, Elevator, Handicap Restrooms, Phone Prewired
Exterior features
Lighting, Handicap Access
Accessibility
Accessible Approach with Ramp, Accessible Elevator Installed
Subdivision
CdA & Kings
Lot features
Corner Lot, Level, Alley Access
View
Lake, City
Directions
Take exit 15 for Sherman Ave., turn West onto Sherman Ave., Drive 1.4 miles down Sherman Ave., and arrive at 402 E Sherman Ave. at the intersection of Sherman Ave. and 4th St.
Standard status
Active
APN
C180000Q001A
Size
40,400 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Cda & Kings Add, Lts 1, 2, W 16.78 Inches-Lt 3 Block Q 1350N04w
Tax Annual Amount
32465
Legal Description
Cda & Kings Add, Lts 1, 2, W 16.78 Inches-Lt 3 Block Q 1350N04w
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
lake views
Building Details
Year built
1905
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Live Real Estate LLC
(509) 455-5483
Listed By:
Blake Ward
(208) 719-1162
Added: Jul 27
Changed: Aug 1
Last Checked: Aug 2 at 6:06AM
MLS# 26-7890
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick landmark retail building historically known as The DIngle, occupying a 0.24-acre corner site in downtown Coeur d'Alene. The property offers 40,400 square feet and includes lake views, along with an interior mix of storage and multiple bathrooms. Building features include an elevator, handicap restrooms, and an accessible approach with ramp, supported by lighting and handicap access on the exterior. Heating is provided via natural gas and hot water, with a rubber roof. Public water and public sewer services are available, and connectivity is supported by cable internet available, high-speed internet, and phone prewiring.
The building is home to the Corner store and a mix of retail and professional tenants. It sits just steps from Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort.
For an owner looking to reposition the asset, the property notes an opportunity to add a fourth floor of roughly 8,000 square feet, including a rooftop venue.
The building is home to the Corner store and a mix of retail and professional tenants. It sits just steps from Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort.
For an owner looking to reposition the asset, the property notes an opportunity to add a fourth floor of roughly 8,000 square feet, including a rooftop venue.
Key Highlights
- 40,400 SF brick landmark retail building historically known as The DIngle
- 0.24‑acre corner site in downtown Coeur d'Alene with lake views
- Elevator plus accessible approach with ramp and handicap restrooms
Financial Insights For Office B
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 | $703.0k | $17.40 |
| − Vacancy | −$119.5k | −$2.96 |
| EGI | $583.5k | $14.44 |
| − OpEx | −$145.9k | −$3.61 |
| NOI | $437.6k | $10.83 |
40,400 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.25M
$5.47M – $7.29M
NOI $437,593 @ 7.0% cap · market cap 6.48%
Second Best
Retail
$5.82M
$5.09M – $6.79M
NOI $407,232 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$8.76M
$7.67M – $10.22M
NOI $613,466 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brick retail building with elevator and handicap access, zoned DC, served by public water and sewer.
Where is this retail space 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: 40,400 SF brick landmark retail building historically known as The DIngle; 0.24‑acre corner site in downtown Coeur d'Alene with lake views; Elevator plus accessible approach with ramp and handicap restrooms
