Property summary
This exceptional 10,221-square-foot restaurant in Idaho Falls, Idaho, presents a rare investment opportunity. Located at 201 1st St, 83401, this property boasts a rich history, having housed several successful restaurants since its construction in 1978. The nearly one-acre lot (0.93 acres) offers ample parking and potential for expansion, with the adjacent lot included in the sale. The building features a main level with a large kitchen (including four hoods) and dining area, perfectly suited for a variety of culinary concepts. A full basement provides additional space, divided between a residential area and a second commercial kitchen with its own hood. All kitchen appliances and equipment are included in the sale. The property is zoned Central Commercial, allowing for diverse commercial uses, including multi-unit apartments. This turnkey operation, priced at $750,000 ($73.38/sq ft), is a remarkable chance to acquire a well-established, versatile commercial space in a thriving Idaho Falls location. The mini drive-thru adds further convenience and revenue potential. Don't miss this chance to own a piece of Idaho Falls history.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Parking Lot & Garage
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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