105 E Wallace Ave, Coeur d’Alene, ID 83814 (MLS# 22-11555)

105 E Wallace Ave, Coeur d'Alene, ID 83814

$3,300,000
Property Type: Commercial Square Footage: 11,400 Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $3,300,000 List Date: 10/26/2023 Last Modified: 5/27/2025

Overview

Description

Superb downtown Coeur d'Alene hospitality and/or development opportunity on five PRIME beautifully landscaped, fully fenced park-like lots (.62 acre) in the Downtown Core, North Infill Overlay district, zoned mixed use commercial/ind. Coeur d'Alene's oldest standing schoolhouse (1905-1972) was converted in 1994 to a profitable 5-story boutique inn. ResNexus reservation system and keyless entry. Currently houses 14 rooms and suites, with kitchen, dining room, spa facilities, indoor and outdoor event/meeting spaces, plus self-contained apartment on the upper level. Potential bed & breakfast, office suites, assisted living, event center, private school, 15 bedroom home, or re-development. Wheelchair access, fire sprinklers, elevator. 15 off-street parking spaces. Walk to City Beach, library, parks, Centennial Bike Trail, Tubbs Hill, shopping, restaurants, art galleries, and museums. Sale includes land, building, and profitable turn-key business including all furnishings and equipment.

Listing Details MLS# 22-11555

Contract Information

Listing Type
Business, Bld & Land
Area
01 - Cd'A Urban/Dalton
Neighborhood Grid #
104
Begin Date
2023-01-01
Sold Date
2025-05-23
Under Contract Date
2024-01-24
Financing
Unknown
Short Sale
No
REO
No

General Property Description

Building Style
Multi Level
Basement
Yes
Year Built
1905
Remodeled
Yes
Year of Remodel
1994
New Construction
No
Total #/Bldgs
Yes
Total SqFt.
11400
ESTIMATED SqFt Source
Owner
Lot Acres
0.63
Lot Type 1
Commercial
Business Type
Hospitality
Realtor.COM Type
Commercial

Legal and Taxes

Legal
CDA & KINGS ADD, LTS 7,8,9,10,11 BLK 15 1350N04W
AIN/Tax Bill
115142
Parcel Number
C1800015007A
Zoning
CDA - DC
Directions
NE Corner of 1st Street and Wallace Avenue in downtown Coeur d'Alene.
Taxes
11102
Tax Year
2022
Taxes Reflect 1
Home Owner's Exemption
Subdivision
CdA & Kings

Remarks

Public Remarks
Superb downtown Coeur d'Alene hospitality and/or development opportunity on five PRIME beautifully landscaped, fully fenced park-like lots (.62 acre) in the Downtown Core, North Infill Overlay district, zoned mixed use commercial/ind. Coeur d'Alene's oldest standing schoolhouse (1905-1972) was converted in 1994 to a profitable 5-story boutique inn. ResNexus reservation system and keyless entry. Currently houses 14 rooms and suites, with kitchen, dining room, spa facilities, indoor and outdoor event/meeting spaces, plus self-contained apartment on the upper level. Potential bed & breakfast, office suites, assisted living, event center, private school, 15 bedroom home, or re-development. Wheelchair access, fire sprinklers, elevator. 15 off-street parking spaces. Walk to City Beach, library, parks, Centennial Bike Trail, Tubbs Hill, shopping, restaurants, art galleries, and museums. Sale includes land, building, and profitable turn-key business including all furnishings and equipment.

Address

Street Number
105
Street Direction Pfx
E
Street Name
Wallace
Street Suffix
Ave
State/Province
ID
Postal Code
83814
County
Kootenai

Property Subject To

CC&Rs
No
BID
No
Non-Mtg Lien
No
LID
No
Flood Zone
No
Aircraft Flight Zone
Unknown
Fire Protection Dist
Yes

More Information

Business Info

Inventory List Available?
No
Inventory Included in Sale Price?
Yes
Equipment Included in Sale Price?
All
Years in Business
27
Confidential from Employees?
Yes

Owner Qtrs

#Baths
Yes
#Bdrms
Yes
SqFt
1400
SqFtSource
Owner
YrBuilt
1994
Owner Qtrs
Yes

View

City
Yes
Lake
Yes
Mountain(s)
Yes
Territorial
Yes

Lot Features

Alley Access
Yes
Corner Lot
Yes
Landscaped
Yes
Level
Yes
Open Lot
Yes
Southern Exposure
Yes

Interior Features

3 Phase Power
Yes
Cable Internet Available
Yes
Cable TV
Yes
Central Air
Yes
Elevator
Yes
Fire Sprinklers
Yes
Handicap Facility
Yes
Hardwood Floors
Yes
High Speed Internet
Yes
Storage
Yes
Tile/Stone Flooring
Yes

Fencing

Full
Yes

Exterior Features

Curbs
Yes
Handicap Access
Yes
Lawn
Yes
Lighting
Yes
Paved Parking
Yes
Sidewalks
Yes
Sprinkler System
Yes

Other Structures

Storage
Yes

Terms Considered

Cash
Yes
Conventional
Yes
SBA
Yes

Road

Paved
Yes
Public Maintained Road
Yes

Water

City
Yes

Common Walls

No Common Walls
Yes

Sewer

Public Sewer
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes
Furnace
Yes

Bsmt

Full Size
Yes

Basement

Finished
Yes

Foundation

Rock
Yes

Construction

Block
Yes
Brick
Yes

Exterior

Brick
Yes

Roof

Comp Shingle
Yes

Property Features

View: Lake; Mountain(s); Territorial Lot Features: Alley Access; Landscaped; Corner Lot; Level; Open Lot; Southern Exposure Fencing: Full Interior Features: 3 Phase Power; Cable Internet Available; Cable TV; Central Air; Elevator; Fire Sprinklers; Handicap Facility; Hardwood Floors; High Speed Internet; Storage; Tile/Stone Flooring Exterior Features: Curbs; Handicap Access; Lawn; Lighting; Paved Parking; Sidewalks; Sprinkler System Common Walls: No Common Walls Owner Qtrs: Owner Qtrs Fuel: Natural Gas Heating: Forced Air; Furnace Other Structures: Storage Bsmt: Full Size Basement: Finished Construction: Block; Brick Foundation: Rock Exterior: Brick Roof: Comp Shingle Road: Paved; Public Maintained Road Sewer: Public Sewer Terms Considered: Cash; Conventional; SBA
Listing Office: Keller Williams Realty Coeur d'Alene
Last Updated: May - 27 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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