Downtown Mixed-Use
7897 W Main St Rathdrum, ID 83858
For Sale
$1,669,500
COMMERCIAL - Rathdrum, ID
Property Size5,600 SF
Lot Size0.14 Acres
Price / SF$298.13
Days on Market142
Property Features for 7897 W Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Rathdrum-C-1
- Fencing
- Fenced
- Standard status
- Active
- APN
- R920000D001A
- Size
- 5,600 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Woods Add To Rathdrum, Lt 1, 40 Ft Vac Gray St Sw Of Lt 1 Block D 3652N05w
- Tax Annual Amount
- 4303
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Radiant, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2008
- Building materials
- Wood Siding, Frame
- Roof type
- Rubber
- Architectural style
- Other
Listing Agency:
Pearl Realty, LLC
(208) 762-5500
Listed By:
Joel Pearl · License #DB29302
(208) 762-5500
Added: Mar 5
Changed: Jul 24
Last Checked: Jul 25 at 8:06AM
MLS# 26-1900
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 mixed-use building offers 5,600 square feet of space with three established tenants in place. The downstairs level includes an office and auto shop use occupied by Lake City Auto, while the upstairs level contains two fully leased residential units.
The property is positioned on Main Street with frontage and visibility. It also offers walkable access to local restaurants, parks, and nearby hiking trails.
For buyers seeking an income-producing asset with existing occupancy, this downtown Rathdrum property provides both commercial and residential components under the current Rathdrum-C-1 zoning designation.
The property is positioned on Main Street with frontage and visibility. It also offers walkable access to local restaurants, parks, and nearby hiking trails.
For buyers seeking an income-producing asset with existing occupancy, this downtown Rathdrum property provides both commercial and residential components under the current Rathdrum-C-1 zoning designation.
Key Highlights
- Prime Main Street location with excellent frontage and visibility.
- Immediate income from three established tenants (Lake City Auto and two residential units).
- Turnkey investment with built‑in revenue.
Financial Insights For Office B
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 | $97.4k | $17.40 |
| − Vacancy | −$16.6k | −$2.96 |
| EGI | $80.9k | $14.44 |
| − OpEx | −$20.2k | −$3.61 |
| NOI | $60.7k | $10.83 |
5,600 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$866.5K
$758.2K – $1.01M
NOI $60,656 @ 7.0% cap · market cap 3.63%
Second Best
Mixed Use
$837.0K
$732.4K – $976.5K
NOI $58,590 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,035 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
FAQs
What type of property is this?
Mixed-use property - 5,600 sq ft mixed-use building with three established tenants, including an office/auto shop and two residential units upstairs.
Where is this mixed-use property located?
The property is located at 7897 W Main St Rathdrum, ID.
What is the asking price?
The asking price for this property is $1,669,500.
What are key features of this property?
This property features: Prime Main Street location with excellent frontage and visibility.; Immediate income from three established tenants (Lake City Auto and two residential units).; Turnkey investment with built‑in revenue.
