Technical
Financial
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Property profile

321 Main St Blackfoot, ID 83221

OFF-MARKET
Investment properties
0.41 ac lot Built 1917
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Year built 1917
Lot 0.41 ac (17,860 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

321 Main St Blackfoot, ID 83221
Blackfoot metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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