1201 E SHERMAN AVE, Coeur d’Alene, ID 83814 (MLS# 25-10117)

1201 E SHERMAN AVE, Coeur d'Alene, ID 83814

$1,079,999
Property Type: Commercial Square Footage: 4,000 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $1,079,999 List Date: 10/07/2025 Last Modified: 4/23/2026

Overview

Description

Retail building fully leased with the State of Idaho. New exterior paint on 2 sides. Other 2 sides are a city encouraged artist's mural. Long term tenant with new 5 year lease and an option for an additional 5.

Listing Details MLS# 25-10117

Contract Information

Listing Type
Comm'l Bldg w/Land
Area
01 - Cd'A Urban/Dalton
Neighborhood Grid #
104
Begin Date
2025-10-07
Sold Date
2026-04-23
Under Contract Date
2026-02-20
Financing
Cash

General Property Description

Building Style
Retail
Basement
No
Year Built
1970
Remodeled
No
New Construction
No
Total #/Bldgs
Yes
Total SqFt.
4000
SqFt. 1
4000
ESTIMATED SqFt Source
Assessor
Lot Acres
0.23
Lot Type 1
Commercial
Business Type
Retail
Realtor.COM Type
Commercial

Legal and Taxes

Legal
OBRIENS 3RD ADD TO CDA, W 37 FT OF LT 11, LT 12 & VAC ALLEY BLK 26
AIN/Tax Bill
119220
Parcel Number
C6885026012A
Zoning
C-17
Directions
CORNER OF 12TH & SHERMAN
Taxes
4333
Tax Year
2024
Taxes Reflect 1
No Exemptions

Remarks

Public Remarks
Retail building fully leased with the State of Idaho. New exterior paint on 2 sides. Other 2 sides are a city encouraged artist's mural. Long term tenant with new 5 year lease and an option for an additional 5.

Address

Street Number
1201
Street Direction Pfx
E
Street Name
SHERMAN
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
No
Fire Protection Dist
Yes

More Information

Business Info

Inventory List Available?
No
Inventory Included in Sale Price?
No
Equipment Included in Sale Price?
None
Confidential from Employees?
No
Approx SqFt of Leased Space
4000
Monthly Lease Amount
4923
Non-Disclosure Agreement
Yes

Showing Instructions

Showing Service Name
Other

View

City
Yes
Neighborhood
Yes
Territorial
Yes

Lot Features

Corner Lot
Yes
Level
Yes
Open Lot
Yes

Interior Features

Central Air
Yes

Exterior Features

Curbs
Yes
Paved Parking
Yes
Sidewalks
Yes

Terms Considered

1031 Exchange
Yes
Cash
Yes
Conventional
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

Basement

None-Slab on Grade
Yes

Foundation

Slab
Yes

Construction

Concrete
Yes

Exterior

Concrete
Yes

Roof

Tar
Yes

Property Features

Business Info: Non-Disclosure Agreement View: Neighborhood; Territorial Lot Features: Corner Lot; Level; Open Lot Interior Features: Central Air Exterior Features: Curbs; Paved Parking; Sidewalks Common Walls: No Common Walls Fuel: Natural Gas Heating: Forced Air; Furnace Basement: None-Slab on Grade Construction: Concrete Foundation: Slab Exterior: Concrete Roof: Tar Road: Paved; Public Maintained Road Sewer: Public Sewer Terms Considered: 1031 Exchange; Cash; Conventional
Listing Office: Lakeshore Realty
Last Updated: April - 23 - 2026
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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