Mixed-Use Investment Property For
6236 Maine Street Spirit Lake, ID 83869
6236 Maine Street, Spirit Lake, ID, 83869
$640,000
For Sale
$640,000
Four units, mixed-use property with value-add potential.
Property Size4,325 SF
Price / SF$147.98
Days on Market126
Property Features for 6236 Maine Street
General Information
- Standard status
- Active
- Size
- 4,325 SF
- Property subtype
- MultiFamily / Multi Family
Building Details
- Year Built
- 1905
Listing Agency
Keller Williams Realty Coeur d'Alene
(208) 660-5785
Listed by
Thomas J Barnhart · License #SP28263
(208) 660-5785
Source
Compass
Added: Mar 13 Checked: Jul 15 at 8:08 pm
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 Keller Williams Realty Coeur d'Alene
Investment Insights
Based on property information with market context.
This is a four-unit mixed-use investment property located on Spirit Lake's Historic Main Street. The property includes one ground-floor commercial space and three residential apartments. Recent updates include a newer roof and fresh paint. The property has separate utilities. All units are currently occupied. The location is one block from the lake. The commercial space offers high-visibility Maine Street presence. The property size is 4325 square feet.
Key Highlights
- Prime mixed‑use investment property with strong cap rate.
- High‑visibility commercial space on Historic Main Street.
- Exceptional location one block from Spirit Lake.
Local Financial Insights For Mixed Use
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 | $77.9k | $18.00 |
| − Vacancy | −$5.4k | −$1.26 |
| EGI | $72.4k | $16.74 |
| − OpEx | −$27.2k | −$6.28 |
| NOI | $45.3k | $10.46 |
4,325 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$646.4K
$565.6K – $754.2K
NOI $45,250 @ 7.0% cap · market cap 7.07%
Second Best
Retail
$622.8K
$545.0K – $726.6K
NOI $43,596 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$938.2K
$820.9K – $1.09M
NOI $65,674 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Thunder Ridge Productions
Textile Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four units, mixed-use property with value-add potential.
Where is this mixed-use property located?
The property is located at 6236 Maine Street Spirit Lake, ID.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Prime mixed‑use investment property with strong cap rate.; **High‑visibility commercial space** on Historic Main Street.; Exceptional location one block from Spirit Lake.
