For Sale
$775,000

1218 Sherman AveCoeur d'Alene, ID 83814

Prime Coeur d'Alene Location, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 2,208 square foot commercial property, situated on a 0.12-acre lot at 1218 E Sherman Ave in Coeur d'Alene, Idaho (zip code 83814), presents a unique investment opportunity. Currently configured as three separate apartments, each with its own entrance, the building offers flexible zoning (C-17) allowing for diverse commercial or residential uses. Imagine the possibilities – a thriving business with owner's quarters, or a multi-unit rental property. The property boasts off-street paved parking in front and additional parking in the rear accessed via an alley. A detached storage building adds further utility. The prime location offers unparalleled convenience, with proximity to Lake Coeur d'Alene, Sanders Beach, Tubbs Hill, McEuen Park, the Coeur d'Alene Resort, and the vibrant downtown area, including numerous shopping and dining options. The top-floor apartment is furnished and equipped with internet and television. The property's estimated annual gross scheduled income is $49,380. This is a rare chance to own a piece of Sherman Avenue in the heart of Coeur d'Alene. The asking price for this versatile property is $775,000.

Highlights

  • $775,000 asking price.
  • 0.12-acre lot with a 2,208 square foot building.
  • Located at 1218 E Sherman Ave, Coeur d'Alene, ID 83814.
  • C-17 zoning allows for flexible commercial/residential uses.
  • Features three apartments, off-street parking, and a detached storage building.

Property Details for 1218 Sherman Ave

Property type
Specialty properties, Land
Square Feet
2,208 SF
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Coeur d'Alene
County
Kootenai
State
Idaho
Latitude
47.6731189
Longitude
-116.7682072
1218 Sherman Ave, Coeur d'Alene, Idaho

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1218 Sherman Ave
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