600 Cedar St Wallace, ID 83873

Property Details for 600 Cedar St

Lot size

0.14 lot acres

Property type

Commercial real estate

APN

RPB0050022002AA

APU

RPB0050022002AA

Description

This unique, multi-level commercial property in historic Wallace, ID, offers a compelling investment opportunity. The 23,868 sq ft building boasts a thriving, established business including a fully turnkey restaurant with a beer and wine license, a bookstore, clothing store, coffee and bakery, and ample retail space. The indoor and outdoor seating accommodates approximately 85 guests. A fully staffed operation with existing management ensures a smooth transition. Ten second-floor rental units currently serve as commercial office space and employee housing, providing additional income streams. A large (~7500 sq ft) basement with street-level access offers significant untapped potential. The property enjoys a prime downtown location, just off the I-90 corridor and two blocks from the Trail of the Coeur d'Alene's bicycle trail, with two ski resorts within a 15-minute drive. The business, established nine years ago (five years prior in other locations, four in the current building), benefits from strong social media and network marketing, projecting $1.3 million in 2024 revenue. The sale includes all business assets, real estate, and owner training is available. This is an exceptional opportunity to acquire a profitable, established business with significant upside potential in a vibrant, high-traffic location. The 0.14-acre lot provides ample space for future expansion or development.