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6210 W Maine St 5,700 SF Vacant Retail Building Spirit Lake, ID 83869 $895,000 ($157.02/SF) 9.30% Cap Rate
INVESTMENT HIGHLIGHTS
- current sewer moratorium will not allow any new hookups to the city sewer which makes this property ideal for a new business to set up in Spirit Lake
- Maine St. is the main access to the lake only 1/2 mile away from the store front
EXECUTIVE SUMMARY
currently this is a Sale By Owner
See Brochures & Other Documents for an Investment opportunity ($200k with a $250k payback after 3 years), or your own if you purchase the building
See Brochures & Other Documents for an Investment opportunity ($200k with a $250k payback after 3 years), or your own if you purchase the building
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
5,700 SF
Building Class
C
Year Built
1907
Price
$895,000
Price Per SF
$157.02
Cap Rate
9.30%
NOI
$83,250
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.01
Lot Size
0.13 AC
Zoning
Commercial
Parking
7 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
181’ on West Maine Street
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | S4500017001A | Total Assessment | $720,109 |
| Land Assessment | $90,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $629,359 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
S4500017001A
Land Assessment
$90,750
Improvements Assessment
$629,359
Total Assessment
$720,109
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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VIDEOS
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MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Nelson Investments LLC
6210 W Maine St
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