1200 Main St Challis, ID 83226
This exceptional business opportunity presents a well-established restaurant and bar situated at 1200 E Main Street in Challis, Idaho, directly off Highway 93. Boasting a rich history of over 65 years at this prime location, the property offers a unique blend of charm and functionality. The building itself is a captivating log structure, enhanced by its rustic western dГ©cor, creating a welcoming and inviting atmosphere for diners. The main dining area exudes a classic small-town feel, perfectly complementing the overall ambiance. A separate lounge and bar area provides additional seating options, including bar seating and comfortable tables, ideal for enjoying televised events or casual socializing. A significant feature is the large banquet room, which can be seamlessly integrated with the bar area for larger gatherings or kept separate for private parties and events. Adding to the property's versatility is an on-site apartment, offering convenient living arrangements for the owner or manager. This turnkey operation presents a rare chance to either continue the legacy of this long-standing establishment or to implement your own innovative vision. The sale includes the operating inventory, details of which are available upon request. The 0.15-acre lot provides ample space for the existing structure and operations. This is an exceptional opportunity for an entrepreneur seeking a profitable and established business in a desirable location. The asking price for this remarkable property is $645,000.
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Y-Inn Lounge Restaurant
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
Similar Nearby for Sale
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.