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Property profile & analytics
OFF-MARKET
Commercial real estate

1218 Sherman Ave Coeur d'Alene, ID 83814

2,208 SF 0.12 ac lot
Property ID
US27-0794897
Property summary
AI-generated overview

This exceptional 2,208 square foot commercial property, situated on a 0.12-acre lot at 1218 E Sherman Ave in Coeur d'Alene, Idaho (zip code 83814), presents a unique investment opportunity. Currently configured as three separate apartments, each with its own entrance, the building offers flexible zoning (C-17) allowing for diverse commercial or residential uses. Imagine the possibilities – a thriving business with owner's quarters, or a multi-unit rental property. The property boasts off-street paved parking in front and additional parking in the rear accessed via an alley. A detached storage building adds further utility. The prime location offers unparalleled convenience, with proximity to Lake Coeur d'Alene, Sanders Beach, Tubbs Hill, McEuen Park, the Coeur d'Alene Resort, and the vibrant downtown area, including numerous shopping and dining options. The top-floor apartment is furnished and equipped with internet and television. The property's estimated annual gross scheduled income is $49,380. This is a rare chance to own a piece of Sherman Avenue in the heart of Coeur d'Alene. The asking price for this versatile property is $775,000.

Property profile
Verified
Property type Commercial real estate
Total area 2,208 SF
Lot 0.12 ac (5,227 SF)
UPID US27-0794897
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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