201 Mckinley Ave Kellogg, ID 83837
- Commercial real estate
- 6,470 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Mckinley Ave
- Lot size
- 0.16 lot acres
- Property size
- 6,470 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a remarkable chance to acquire a piece of Kellogg's history: the iconic Rio Hotel. Situated on a 0.16-acre lot at 201 McKinley Avenue, this 6,470 square foot multi-use property boasts a proven track record of success. The building currently comprises fourteen apartments, each with a history of consistent rental income, providing a stable and reliable revenue stream for the new owner. In addition to the residential units, the property includes a former tavern, offering significant potential for redevelopment or repurposing. A leased dance hall and office spaces further diversify the income streams and usage possibilities. An on-site manager is currently in place, streamlining operations and ensuring efficient property management. The property's prime location in uptown Kellogg places it within easy walking distance of a vibrant array of local pubs and restaurants, ensuring high visibility and convenient access for both residents and commercial tenants. This is a rare opportunity to own a significant piece of Kellogg's commercial landscape, offering substantial income potential and the chance to shape the future of this historic landmark. The asking price is $797,000. This property is being sold as-is.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kellogg
- County
- Shoshone
- State
- Idaho
- Longitude
- -116.124
- Latitude
- 47.5354