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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1200 Main Ave Challis, ID 83226

6,628 SF Built 1960
Property ID
Property summary
AI-generated overview

This 6,628-square-foot restaurant and bar, built in 1960, is located at 1200 E Main Ave, Challis, ID 83226, just off Highway 93. The property sits on a 6,628-square-foot lot and is zoned for commercial use. The single-story building features a rustic, log structure with western décor, creating a charming small-town atmosphere. The main dining area is complemented by a separate lounge/bar area with bar seating, tables, and casual seating, ideal for enjoying entertainment or socializing. A large banquet room can be opened into the bar area or kept separate for private events. An on-site apartment adds to the property's versatility. The business has operated successfully for over 65 years. The asking price is $645,000 ($97.31 per square foot). A liquor license transfer is pending state approval. A detailed inventory list of operating equipment is available upon request. This presents a unique opportunity for an entrepreneur to continue a long-standing tradition or create a new concept in this prime Challis location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
Total area 6,628 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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