600 Cedar St, Wallace, ID 83873 - MLS#24-6086 - John Graham

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John Graham

john@thelegacygrouprealestate.com +1(509) 922-7355

$5,500,000

Est. payment - /mo

23,868 SqFt

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Key Details

Property Type Single Family Home, Vacant Land

Sub Type Business, Bld & Land

Listing Status Active

Purchase Type For Sale

Square Footage 23,868 sqft

Price per Sqft $230

Subdivision Wallace Townsite

MLS Listing ID 24-6086

Style Multi Level

Originating Board Coeur d'Alene Multiple Listing Service

Year Built 1933

Annual Tax Amount $7,167

Tax Year 2023

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 6,273

Property Sub-Type Business, Bld & Land

Property Description

Blackboard Marketplace located in the historic silver mining town of Wallace, ID is a family-owned business, surrounded by hotels, eclectic shops, museums, dining, and social venues. Perfectly situated in the city center, this iconic property features indoor & outdoor dining (seating for 36 guests in the dining room, 21 patio seating, 28 bookstore seating, and additional mezzanine seating), an open kitchen concept, coffee & bakery, bookstore, clothing store, and additional prime retail space. The second-floor features 10 rental units currently used for commercial office space and additional rooming quarters for employee housing. Sale includes business, assets, and real estate. The multi-level 23,000+ sq ft building is one-of-a-kind. Perfect for a visionary owner to grow and/or implement their own concept while the other revenue streams are flowing, or simply a fantastic real estate investment property with forecasted 2024 revenue of 1.3 million. Included in the sale is a fully turnkey restaurant, with a Beer & Wine License in place. The entire facility is fully staffed with management in place as well. Owner training offered to Buyer if desired. Located in a high-traffic, central downtown location off the I-90 corridor and 2 blocks from the very popular Trail of the Coeur d'Alene's bicycle trail and 15 minutes from two ski resorts. The building includes ~7500 sq ft basement with income potential featuring a direct street access lift. Many unleveraged, unique spaces in the building with huge potential for additional revenue streams. The current business platform was launched 4 years ago after merging into this space and renting in other locations in town for the previous 5 years. The move to the current space has proven very successful. Strong social media and network marketing in place to support future revenue growth. This is an ideal space to take the existing business concept to the next level.

Location

State ID

County Shoshone

Community Wallace Townsite

Area 12 - Silver Valley

Zoning WA-Wallace

Direction From CDA, I-90 East to Exit 61 in Wallace. Take a R off the exit to a L on Front Street and follow into town to a L on Cedar Street. Go one block to the SE corner of 6th and Cedar.

Rooms

Basement Part Finished

Interior

Interior Features Cable Internet Available, Cable TV, Central Air, DSL Available, High Speed Internet, Satellite, Security System, 3 Phase Power, Extra Storage, Hardwood Floors, Phone Prewired, Tile/Stone Flooring, See Remarks

Heating Electric, Natural Gas, Forced Air, Furnace

Equipment All

Exterior

Exterior Feature Curbs, Lighting, Paved Parking, Sidewalks, Handicap Access

View Mountain(s), City

Roof Type Rubber

Building

Lot Description Corner Lot, Level, Alley Access

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Multi Level

New Construction No

Others

Tax ID B0050022002A

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Listed by Silvercreek Realty Group, LLC

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John Graham

+1(509) 922-7355

CEO | License ID: 110958

CEO License ID: 110958

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600 Cedar St Wallace, ID 83873

John Graham

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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