Downtown Retail and Office
415 E 3RD Ave Post Falls, ID 83854
415 E 3RD Ave, Post Falls, ID, 83854
$875,000
For Sale
$875,000
COMMERCIAL - Post Falls, ID
Property Size4,800 SF
Lot Size0.19 Acres
Price / SF$182.29
Days on Market47
Property Features for 415 E 3RD Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- SmartCode 4
- Standard status
- Active
- APN
- P6900025019A
- Size
- 4,800 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Post Falls, LT 19, 20 Blk 25 PF Downtown URD 2022 0350N05W
- Tax Annual Amount
- 5000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Aluminum Siding, Brick, Post & Beam
- Roof type
- Metal
- Architectural style
- Other
Listing agency
Best Choice Realty LLC
(509) 795-2029
Listed by
Bettina Ricker · License #SP49807
(509) 981-5166
Added: Jun 7 Updated: Jul 18 at 11:38AM Checked: Jul 23 at 6:06AM
MLS# 26-5815
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.
A 4,800-square-foot commercial building situated on two city lots in downtown Post Falls. The property is currently set up for approximately 4,000 square feet of retail space and approximately 800 square feet of office space.
The listing notes that the use can be changed with administrative approval. The property has been surveyed, and preliminary civil plans have been drawn for sidewalk and parking improvements, with preliminary city approval included in the price; completion is described as occurring after closing.
Zoning is identified as SmartCode 4. The offering includes the referenced preliminary planning work for the exterior pedestrian and parking components.
The listing notes that the use can be changed with administrative approval. The property has been surveyed, and preliminary civil plans have been drawn for sidewalk and parking improvements, with preliminary city approval included in the price; completion is described as occurring after closing.
Zoning is identified as SmartCode 4. The offering includes the referenced preliminary planning work for the exterior pedestrian and parking components.
Key Highlights
- 4800 SF commercial building on 2 city lots in downtown Post Falls
- Currently zoned for 4000 SF retail and 800 SF office; use change available with administrative approval
- Metal roof; exterior materials include aluminum siding, brick, and post & beam construction
Local 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 | $83.5k | $17.40 |
| − Vacancy | −$14.2k | −$2.96 |
| EGI | $69.3k | $14.44 |
| − OpEx | −$17.3k | −$3.61 |
| NOI | $52.0k | $10.83 |
4,800 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$742.7K
$649.9K – $866.5K
NOI $51,991 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.04M
$911.1K – $1.21M
NOI $72,887 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial building with existing retail and office space on multiple city lots, with planned sidewalk and parking improvements.
Where is this retail space located?
The property is located at 415 E 3RD Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4800 SF commercial building on 2 city lots in downtown Post Falls; Currently zoned for 4000 SF retail and 800 SF office; use change available with administrative approval; Metal roof; exterior materials include aluminum siding, brick, and post & beam construction
