321 Main St Blackfoot, ID 83221
This exceptional commercial property in Blackfoot, Idaho, presents a unique investment opportunity. Situated on a prominent corner lot at 321 NW Main Street, boasting 0.41 acres, this building offers unparalleled visibility and accessibility. The main level encompasses nearly 10,000 square feet, perfectly designed for a thriving restaurant operation. Features include a spacious dining area with seating for up to 200 guests, a large banquet room ideal for private events, a fully equipped kitchen with prep area and walk-in cooler, and ample storage space. A significant advantage is the inclusion of a 2,028 square-foot, five-bedroom, one-bathroom apartment on the second floor, offering additional income potential or comfortable living quarters. The expansive basement, adding another 6,250 square feet, provides versatile space for expansion, storage, or future development. The total usable space exceeds 18,000 square feet, zoned C-2 Community Commercial. Recent improvements include a brand new membrane roof with a 30-year warranty, ensuring long-term cost savings. The property benefits from significant street frontage on both Main and Alice Streets, guaranteeing high visibility to local residents and tourists visiting nearby attractions like the Potato Museum and Yellowstone National Park. Ample paved parking is available on the south side of the building. This turnkey operation is ready for a new owner to step in and capitalize on its immense potential. The property's size, location, and existing infrastructure make it an ideal investment for a chef or entrepreneur looking to establish a successful restaurant business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.