1218 Sherman Ave Coeur d'Alene, ID 83814
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.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.