Two-Story Mixed Retail Restaurant
6249 W Maine St Spirit Lake, ID 83869
For Sale
$1,550,000
COMMERCIAL - Spirit Lake, ID
Property Size8,000 SF
Lot Size0.16 Acres
Price / SF$193.75
Days on Market47
Property Features for 6249 W Maine St
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Interior features
- Handicap Facility, Handicap Restrooms
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- S4500030012A
- Size
- 8,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SPIRIT LAKE, LTS 12 & 13 BLK 30
- Tax Annual Amount
- 3145
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1907
- Building materials
- Brick, Block, Frame
- Roof type
- Rubber
- Architectural style
- Other
Listing Agency:
Kiemle Hagood
(208) 770-2590
Listed By:
Tom Villelli · License #SP41630
(208) 659-1821
Added: Jun 9
Changed: Jul 21
Last Checked: Jul 25 at 7:06AM
MLS# 26-5874
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 historic, two-story commercial building is fully leased and has been renovated in recent years, including upgrades to HVAC, plumbing, electrical, and mechanical systems. Street level features a restaurant space with a commercial kitchen, along with an adjacent, well-finished bar/retail suite. The second floor includes multiple office and retail suites, a full remodeled kitchen, and three bathrooms.
The property offers street parking on Maine St. and private paved parking around the back that is accessible from the alley. A city park is immediately to the east. It is zoned Commercial.
With restaurant and bar/retail space on the main level and offices plus additional suites on the second floor, the building supports multiple commercial uses within one address while providing on-site parking options for patrons and customers.
The property offers street parking on Maine St. and private paved parking around the back that is accessible from the alley. A city park is immediately to the east. It is zoned Commercial.
With restaurant and bar/retail space on the main level and offices plus additional suites on the second floor, the building supports multiple commercial uses within one address while providing on-site parking options for patrons and customers.
Key Highlights
- Historic two‑story commercial building built in 1907 in downtown Spirit Lake
- Fully renovated in recent years with HVAC, plumbing, electrical, and mechanical upgrades
- Street‑level restaurant space includes commercial kitchen; adjacent suite offers bar/retail space
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
Retail
$1.15M
$1.01M – $1.34M
NOI $80,640 @ 7.0% cap · market cap 5.20%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Magical Massage
Alternative Medicine Practice
Mi Pueblo Authentic ...
Restaurant
All Tied Up ...
(Bike/Boat/Book/etc) Store
Nails on Point by ...
Nail Salon
Stella's Stogies
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Retail space - Fully leased two-story building with renovated systems, street-level restaurant kitchen, adjacent bar/retail space, and offices upstairs.
Where is this retail space 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 two‑story commercial building built in 1907 in downtown Spirit Lake; Fully renovated in recent years with HVAC, plumbing, electrical, and mechanical upgrades; Street‑level restaurant space includes commercial kitchen; adjacent suite offers bar/retail space
