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The Dingle Building 402 E Sherman Ave 40,000 SF 90% Leased Office Building Coeur d'Alene, ID 83814 $6,750,000 ($168.75/SF) 5.30% Cap Rate
Investment Highlights
- Prominent corner location at 4th Street and Sherman Avenue.
- Walkable to Lake Coeur d'Alene, McEuen Park, the resort, marina, shops, and restaurants.
- Historic mixed-use retail and office building in downtown Coeur d'Alene.
- Three-story structure renovated in 2019.
Executive Summary
Own a corner of downtown Coeur d'Alene. Historically known as The Dingle, this landmark brick building commands CDA's premier downtown corner, offering 40,000 square feet with lake views and a location that speaks for itself. Home to The Corner Store along with a mix of retail and professional tenants, the building draws heavy foot traffic from bustling downtown CDA and sits just steps from Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort.
For the sophisticated investor, there's real upside beyond the location. A fire decades ago took out the 4th floor, leaving a rare opportunity to rebuild and add back roughly 10,000 square feet, with rooftop views that would be hard to replicate anywhere else downtown.
Few properties offer this combination of history, location, and untapped potential. Showings by appointment only.
For the sophisticated investor, there's real upside beyond the location. A fire decades ago took out the 4th floor, leaving a rare opportunity to rebuild and add back roughly 10,000 square feet, with rooftop views that would be hard to replicate anywhere else downtown.
Few properties offer this combination of history, location, and untapped potential. Showings by appointment only.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
40,000 SF
Building Class
B
Year Built/Renovated
1905/2021
Price
$6,750,000
Price Per SF
$168.75
Cap Rate
5.30%
NOI
$357,750
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Building FAR
3.83
Lot Size
0.24 AC
Zoning
DC-Downtown Core - Commercial
Amenities
- Convenience Store
- Fully Carpeted
- Air Conditioning
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | C180000Q001A | Improvements Assessment | $4,384,729 |
| Land Assessment | $950,901 | Total Assessment | $5,335,630 |
Property Taxes
Parcel Number
C180000Q001A
Land Assessment
$950,901
Improvements Assessment
$4,384,729
Total Assessment
$5,335,630
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Blake Ward Real Estate
The Dingle Building | 402 E Sherman Ave
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