516 Cedar StWallace, ID 83873

Property Details for 516 Cedar St

Lot size

0.06 AC

Property type

Commercial real estate

APN

RPB00500190160A

APU

RPB00500190160A

Description

This exceptional 2,406 square foot commercial property, situated at 516 Cedar Street in the heart of historic Wallace, Idaho, presents a unique investment opportunity. Built in 1948, this building boasts a rich history, having served as The Wallace Food Center grocery store until 1961, followed by a long tenure as Modern Drug Pharmacy. More recently, it was successfully adapted into the Wallace Athletic Club. The property sits on a 0.06-acre lot, offering excellent visibility and accessibility in a thriving downtown area. Its central location provides easy access to all that Wallace and the surrounding North Idaho region have to offer, making it ideal for a variety of commercial ventures. The building's adaptable layout provides ample space for a range of businesses, from retail to fitness centers, or potentially even a combination of uses. The asking price is $425,000. This is a rare chance to acquire a well-established commercial space in a desirable location with significant historical character and high potential for future growth. The property is ready for its next chapter, offering a solid foundation for a new business or an expansion of an existing one. Don't miss this opportunity to own a piece of Wallace's vibrant history and secure a prime commercial location in a picturesque Idaho town.

• Alternative Use

  Use

  Valuation

  Residential

  $508,264

  Hospitality

  $465,568

  Educational

  $387,347

  Medical

  $400,668

  Retail

  $602,539

Location Insight

City

Wallace

County

Shoshone

State

Idaho

Latitude

47.4722

Longitude

-115.925

Property Tax & Assessments

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