Two-Story Mixed-Use Restaurant
6249 W Maine st Spirit Lake, ID 83869
For Sale
$1,550,000
Fully renovated building combines street-level restaurant space with bar/retail and second-floor office suites.
Property Size8,000 SF
Price / SF$193.75
Days on Market49
Property Features for 6249 W Maine st
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Building Details
Year Built
1907
Listing Agency:
Kiemle Hagood
Listed By:
Tom Villelli
Source:
Clearwaterproperties
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 29 at 4:47PM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
This historic, two-story commercial building is fully leased and has undergone renovations in recent years. Improvements include upgrades to HVAC, plumbing, electrical, and mechanical systems. The street level features restaurant space with a commercial kitchen, along with an adjacent suite that is well finished for bar/retail use. The second floor offers multiple office and retail suites plus a full, remodeled kitchen and three bathrooms.
Located in the heart of Spirit Lake on W Maine St, the property benefits from convenient parking options. Plenty of street parking is available on Maine St, and there is also private paved parking around the back accessible from the alley. A city park sits immediately to the east.
For tenants or investors seeking a mixed configuration, the building supports multiple income-producing uses, including restaurant, bar/retail, and office/retail suites, under one roof. With updated building systems and both street-level and second-floor offerings, it can accommodate operators looking to leverage the existing layout for their specific use.
Located in the heart of Spirit Lake on W Maine St, the property benefits from convenient parking options. Plenty of street parking is available on Maine St, and there is also private paved parking around the back accessible from the alley. A city park sits immediately to the east.
For tenants or investors seeking a mixed configuration, the building supports multiple income-producing uses, including restaurant, bar/retail, and office/retail suites, under one roof. With updated building systems and both street-level and second-floor offerings, it can accommodate operators looking to leverage the existing layout for their specific use.
Key Highlights
- Historic 2‑story commercial building (built 1907) in the heart of Spirit Lake, fully leased
- Recent renovations include HVAC, plumbing, electrical, and mechanical system upgrades
- Street level includes restaurant space with a commercial kitchen plus an adjacent bar/retail suite
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 | $127.7k | $15.96 |
| − Vacancy | −$4.9k | −$0.61 |
| EGI | $122.8k | $15.35 |
| − OpEx | −$30.7k | −$3.84 |
| NOI | $92.1k | $11.52 |
8,000 SF · lease $15.96/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,121 @ 7.0% cap · market cap 5.94%
Second Best
Office B
$1.24M
$1.08M – $1.44M
NOI $86,652 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,478 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated building combines street-level restaurant space with bar/retail and second-floor office suites.
Where is this conventional restaurant located?
The property is located at 6249 W Maine st Spirit Lake, ID.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Historic 2‑story commercial building (built 1907) in the heart of Spirit Lake, fully leased; Recent renovations include HVAC, plumbing, electrical, and mechanical system upgrades; Street level includes restaurant space with a commercial kitchen plus an adjacent bar/retail suite
