220 Old Forest Rd Spirit Lake, ID 83869
This exceptional 15.63-acre property, located at 220 Old Forest Road in Spirit Lake, Idaho (zip code 83869), presents a unique investment opportunity. Zoned for both industrial and commercial use, this fee-simple land boasts direct frontage on Highway 41 and borders Idaho State land, offering unparalleled accessibility and strategic positioning. The flat, treed land is priced at $50,000 per acre, totaling $781,500. Electricity is readily available on-site. While water access may be available across the highway, potential buyers are advised to independently verify its availability. The property's versatility allows for either development as a single large parcel or subdivision into smaller lots, catering to diverse project needs. This highly desirable location is ideal for a wide range of commercial and industrial ventures. The seller is open to considering a trade for income-producing properties. This is a rare chance to acquire a significant land holding in a rapidly growing area. Don't miss this opportunity to secure a cornerstone for your next successful project.
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.