Prime 4-unit mixed-use investment property on Spirit Lake's Historic Main Street featuring 1 ground-floor commercial space and 3 residential apartments. Strong cap rate with immediate value-add potential through below-market rents. Recent updates include newer roof and fresh paint. Separate utilities minimize owner expenses. All units currently occupied with proven low turnover in North Idaho's consistently strong rental market.
Exceptional location just one block from the lake positions this as a gateway to North Idaho's recreational paradise. The commercial space offers high-visibility Maine Street presence..
|
DAYS ON MARKET
|
58
|
LAST UPDATED
|
12/2/2025
|
|
TRACT
|
Spirit Lake
|
YEAR BUILT
|
1905
|
|
COMMUNITY
|
Spirit Lake
|
COUNTY
|
Kootenai
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
|
Prior to Dec 2, '25
|
$685,000
|
| Dec 2, '25 - Today |
$645,000 |
| AREA |
05 - NW Kootenai Co |
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Block, Brick |
| HEAT |
Baseboard, Electric |
| LOT |
3485 sq ft |
| LOT DESCRIPTION |
Cleared, Level, Open Lot |
| LOT DIMENSIONS |
0.08 |
| PARKING |
Paved |
| SEWER |
Public Sewer |
| SUBDIVISION |
Spirit Lake |
| TAXES |
2380 |
| UTILITIES |
Cable Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Territorial, City |
| WATER |
Public |
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Listed with Keller Williams Realty Coeur d'Alene
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