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103 Illinois Ave 11,660 SF Vacant Retail Building Council, ID 83612 $995,000 ($85.33/SF)



INVESTMENT HIGHLIGHTS
- Central Dowtown Location
- Operating Bar and Tenant Ready Restaurant
- Hotel or Apartments
EXECUTIVE SUMMARY
Multi-faceted income potential with this multi-use building. Long term local saloon and restaurant location in the heart of downtown town Council. The original bar space is 3700 sf offering ample space for pool tables, dancing, a stage for bands and more. While this space has initiated renovations, the saloon is currently operating in the renovated garage space and outside beer garden area. The cafe is turnkey and ready for an operator as it is fully stocked with a full kitchen; hood system, commercial grade cooktops, walk-in cooler, separate wash room and furniture. The upstairs space of 4923 sf was once an operating hotel. It currently features 10 hotel rooms, 2 community bathroom areas, and a 2-bedroom apartment. This space could be renovated to become a beautiful hotel space once again. Overlooking the downtown area of Council. The possibilities are endless with 3 separate income streams; bar, restaurant, and hotel!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,660 SF
Building Class
C
Year Built
1916
Price
$995,000
Price Per SF
$85.33
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.28 AC
Parking
12 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
125’ on Illinois Ave
AMENITIES
- Corner Lot
- Courtyard
- Restaurant
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ace Saloon & Branding Iron Cafe
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ace Saloon & Branding Iron Cafe | Accommodation and Food Services | - | - | - |
PROPERTY TAXES
| Parcel Number | C00000150401 | Improvements Assessment | $259,570 |
| Land Assessment | $55,310 | Total Assessment | $314,880 |
PROPERTY TAXES
Parcel Number
C00000150401
Land Assessment
$55,310
Improvements Assessment
$259,570
Total Assessment
$314,880
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103 Illinois Ave
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