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Fitness Center with Locker Rooms
For Sale
$450,000

516 Cedar St, Wallace, ID 83873

Commercial Sale, Multi Level, Wallace, ID

Property Size5,700 SF
Lot Size0.06 Acres
Price / SF$79.13
Days on Market13

Property Features for 516 Cedar St

General Information

Property type Commercial Sale
Property subtype Other
Zoning WA-WALLACE
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1
Interior features Storage
Exterior features Lighting
Basement Unfinished
Subdivision Wallace Townsite
Lot features Level, Alley Access
View City
Directions Entering Wallace from the west, take the second left on Cedar St. Building is located in the middle of the block on the right.
Standard status Active
APN RPB00500190160A
Size 5,687 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 16 Blk 19 Wallace
Tax Annual Amount 2605
Legal Description Lot 16 Blk 19 Wallace

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating), Natural Gas
Water source Public

Amenities

locker rooms
showers
kitchen area
sauna
jacuzzi

Building Details

Year built 1948
Building materials Brick, Concrete
Roof type Rubber
Architectural style Other
Additional Structures Storage
Listing Agency: eXp Realty
Listed By: Dana Ann Johnson · License #SP53228
Added: Aug 12 Changed: Aug 23 Last Checked: Aug 24 at 7:06AM
MLS# 26-8679

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.

This 5,687-square-foot, multi-level commercial building was constructed in 1948 and is currently configured as a fitness center. The main floor includes workout areas, fitness equipment, men’s and women’s locker rooms, and showers. Three offices and a small kitchen are located upstairs, along with a sauna and jacuzzi. A basement with higher ceilings provides additional storage and expansion area. Brick and concrete construction, rubber roofing, natural gas and ductless heating, public water, and public sewer are also in place.

The property occupies 0.06 acres at 516 Cedar St in downtown Wallace, across from the Wallace trolley and mine tour. Large storefront windows face the surrounding restaurant, shopping, and tourism activity. WA-WALLACE zoning supports the property’s existing fitness-center configuration and the commercial uses identified for the building, including retail, professional office, wellness, and recreation applications.

Key Highlights

  • 5,687‑square‑foot commercial building on 0.06 acres
  • Currently configured as a fitness center with workout areas and available fitness equipment
  • Men’s and women’s locker rooms with showers

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Bakery Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 100%
Wallace Ace Hardware Home Improvements & Furnishings
1,815 visits/mo 0.2 miles

Demographics for 83873, ID

1,587
Population
1,154
Households
1.4
Avg Household Size
51
Median Age
13%
College-Educated
90%
High-School Grad
254.9 sq mi
ZIP Area
6
Density / Sq Mi
$41,838
Median Household Income
$34,545
Median Earnings
$660
Median Rent
$249,800
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Fitness center & gym - Multi-level commercial building with workout areas, offices, showers, and wellness amenities in downtown Wallace.
Where is this fitness center & gym located?
The property is located at 516 Cedar St Wallace, ID.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,687‑square‑foot commercial building on 0.06 acres; Currently configured as a fitness center with workout areas and available fitness equipment; Men’s and women’s locker rooms with showers
More about this property
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