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6249 W Maine St 8,000 SF 100% Leased Retail Building Spirit Lake, ID 83869 $2,168,915 CAD ($271.11 CAD/SF) 6% Cap Rate
Executive Summary
THE "MERC" BUILDING
Historic, fully leased, two story commercial building in the heart of Spirit Lake. ''The Merc'' has been fully renovated in recent years including upgrades to the HVAC, plumbing, electrical, and mechanical systems. The street level, restaurant space has a commercial kitchen, and the adjacent suite is a well finished bar/retail space. The second floor has several office and retail suites and a full, remodeled kitchen, and three bathrooms. Plenty of street parking on Maine St. as well as private paved parking around back accessible from the alley. City park immediately to the east.
Historic, fully leased, two story commercial building in the heart of Spirit Lake. ''The Merc'' has been fully renovated in recent years including upgrades to the HVAC, plumbing, electrical, and mechanical systems. The street level, restaurant space has a commercial kitchen, and the adjacent suite is a well finished bar/retail space. The second floor has several office and retail suites and a full, remodeled kitchen, and three bathrooms. Plenty of street parking on Maine St. as well as private paved parking around back accessible from the alley. City park immediately to the east.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
C
Year Built
1907
Price
$2,168,915 CAD
Price Per SF
$271.11 CAD
Cap Rate
6%
NOI
$130,135 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.16 AC
Zoning
Commercial
Frontage
75’ on W Maine St.
Amenities
- Restaurant
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | S4500030012A | Improvements Assessment | $672,765 CAD |
| Land Assessment | $143,698 CAD | Total Assessment | $816,463 CAD |
Property Taxes
Parcel Number
S4500030012A
Land Assessment
$143,698 CAD
Improvements Assessment
$672,765 CAD
Total Assessment
$816,463 CAD
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6249 W Maine St
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