501 Sherman AveCoeur d'Alene, ID 83814

Property Details for 501 Sherman Ave

Year built

1909

Lot size

0.07 AC

Property size (Sq ft)

2,647 SF

Property type

Other commercial real estate

APN

C74500000010

APU

C74500000010

Description

This exceptional business opportunity presents a thriving restaurant for sale at 501 Sherman Ave, Coeur d'Alene, Idaho. Boasting a prime location in the heart of downtown, this well-established eatery, operating under the "Collective Kitchen" brand, enjoys high visibility and significant foot traffic due to its advantageous corner location on a busy street. The 2,900 square foot space is currently operating under a gross lease with 13 years remaining on the term. The asking price is $690,000, translating to $237.93 per square foot. This successful restaurant, established in 2009, includes a valuable liquor license, a key asset contributing to its profitability. The single-tenancy structure provides a streamlined operational model. This is a turnkey opportunity for an experienced restaurateur seeking a profitable, established business in a vibrant and desirable location. The property is situated in Kootenai County, Idaho, zip code 83814. This is a rare chance to acquire a well-regarded restaurant with a proven track record and significant growth potential. The business is categorized as "Hospitality" and is suitable for business owners only.

• Alternative Use

  Use

  Valuation

  Residential

  $556,102

  Hospitality

  $509,386

  Educational

  $423,803

  Medical

  $438,379

  Retail

  $659,250

Location Insight

City

Coeur D Alene

County

Kootenai

State

Idaho

Latitude

47.6737

Longitude

-116.779

CBSA code

17660

CBSA name

COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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