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    Remodeled Restaurant and Apartment Title is generated by Realmo AI

    6242 W Maine St, Spirit Lake, ID 83869

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    Claim this Listing
    Pending
    $415,000

    COMMERCIAL - Spirit Lake, ID

    Property size:
    2,852 SF
    Lot size:
    0.08 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    180
    Last Refresh:
    Jul 7 at 10:06 pm

    Property Features for 6242 W Maine St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Interior features
    Storage, DSL Available, Handicap Facility, High Speed Internet, Satellite, Mini-Split A/C, Handicap Restrooms, Phone Prewired, Tile/Stone Flooring
    Exterior features
    Lighting
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    S45000170060
    Size
    2,852 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Spirit Lake, Lt 6 Block 17 0553N04w
    Tax Annual Amount
    1652

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air, Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1907
    Building materials
    Wood Siding, Brick, Frame
    Roof type
    Tar/Gravel
    Architectural style
    Other
    Additional Structures
    Workshop, Storage

    We can help!

    Contact an agent
    Jaclyn Wakefield
    Jaclyn Wakefield

    Listing agent Jaclyn Wakefield License #DB47809

    Listing office NextHome Cornerstone Realty 409 E Coeur d'Alene Ave Suite 35, Rathdrum, ID

    Listing date Jan 8, 2026

    MLS# 26-286

    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.

    HighLights

    • Building, land & business assets with a 2‑bed apartment in back and a 1‑car garage
    • Newly remodeled commercial setup with a pizza conveyor oven, new hood, new table tops, new bars, new flooring, paint, and fixtures
    • Beer and wine license included; permits are in place and the business is open seasonally
    • Fire suppression system and grease trap included as part of the food‑service build‑out
    • Central air cooling plus mini‑split A/C; heating includes electric forced air and propane
    • Public water and public sewer; accessible approach with a ramp

    Overview

    This turn-key restaurant property has been newly remodeled and is offered with substantial food-service upgrades. The kitchen includes a large pizza conveyor oven, along with a new hood, new table tops, new bars, new flooring, and fresh paint and fixtures. Life-safety and operations improvements include a fire suppression system and a grease trap. The package also includes a beer and wine license, and permits are in place for the current use as it is open seasonally.

    The property includes a 2-bedroom apartment in back with a 1-car garage. It is situated in Spirit Lake, Idaho, with local school facilities nearby and area activity centered around Maine St, including festivals throughout the year and summer tourism tied to the lake.

    For a restaurateur or operator seeking an existing, move-in-ready concept, the prepared kitchen infrastructure supports fast-paced menu work, particularly for pizza or similar cooked-to-order food. The attached apartment and garage also provide on-site living and storage, which can simplify staffing and day-to-day management during the seasonal operating period.

    Local Financial Insights For Specialty 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 $45.5k $15.96
    − Vacancy −$1.7k −$0.61
    EGI $43.8k $15.35
    − OpEx −$10.9k −$3.84
    NOI $32.8k $11.52
    2,852 SF · lease $15.96/SF/yr · vacancy 3.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $469.2K
    $410.5K – $547.4K (±1% cap)
    NOI $32,841 @ 7.0% cap · market cap 7.91%
    Second Best
    Apartment 5plus
    $344.1K
    $301.1K – $401.5K (±1% cap)
    NOI $24,090 @ 7.0% cap · market cap 5.80%
    Theoretical Best
    Office A
    $618.7K
    $541.3K – $721.8K (±1% cap)
    NOI $43,307 @ 7.0% cap · market cap 10.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pharmacy Butcher Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spirit Lake
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.870782
    Latitude
    47.964926

    FAQs

    What type of property is this?
    Conventional restaurant - Turn-key restaurant improvements with a permitted, seasonally operated setup plus a 2-bedroom apartment with a garage.
    Where is this conventional restaurant located?
    The property is located at 6242 W Maine St Spirit Lake, ID.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Building, land & business assets with a 2‑bed apartment in back and a 1‑car garage; Newly remodeled commercial setup with a pizza conveyor oven, new hood, new table tops, new bars, new flooring, paint, and fixtures; Beer and wine license included; permits are in place and the business is open seasonally
    More about this property
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