521 Cedar St Wallace, ID 83873-2230
This exceptional commercial property, located at 521 Cedar Street in the heart of historic downtown Wallace, Idaho, presents a unique investment opportunity. The single-story brick building boasts a total of 5,382 square feet and sits on a 0.12-acre lot. The property's prime location ensures high visibility and foot traffic, maximizing its potential for revenue generation. One of the three storefronts is currently operating as a highly successful laundromat, equipped with well-maintained, top-of-the-line machines that are serviced daily. This established business provides a consistent and substantial income stream. The remaining two storefronts are leased to a local restaurant owner, further diversifying the property's income potential. The building offers convenient private parking located at the rear of the property, a significant advantage in a bustling downtown area. This turnkey investment is ideal for an astute buyer seeking a blend of established income and future growth potential in a thriving historic district. The property's strong tenant occupancy and prime location make it a compelling opportunity for investors seeking a stable and profitable commercial venture. The building's solid brick construction ensures durability and longevity, promising a sound return on investment for years to come. This is a rare chance to acquire a well-established, income-producing property in a desirable location.
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Wallace Laundromat (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.