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JoAnn Bailey

joann@joannbailey.com +1(208) 604-3049

$ 975,000

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751 S Capital Avenue Idaho Falls, ID 83402

30,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 30,000 sqft

Price per Sqft $32

Subdivision No Subdivision

MLS Listing ID 2189746

Year Built 1931

Annual Tax Amount $5,883

Tax Year 2023

Lot Size 0.990 Acres

Acres 0.99

Property Sub-Type Real Estate Only

Property Description

Historic Cheese Factory Redeveloped as a Multi-Tenant Commercial Property | 30,000 SF | Downtown Idaho Falls Built in the 1930s as the cheese factory, this 30,000 SF property in downtown Idaho Falls pairs real character with a prime location. Brick, steel, and industrial bones are nearly impossible to replicate. Enjoy amazing Snake River views beside Snake River Landing, with restaurants and shopping close by. Five of eight spaces are leased to a diverse mix of tenants: a courier service, live music venue, cabinet shop, automotive sound systems company, and public nonprofit. Together they generate $7,550 per month in rental income. The three remaining spaces are a ready opportunity, including an upper level of roughly 6,000 SF that could become one open office suite or six 1,000 SF studio apartments. Office users get a one-of-a-kind headquarters, and a residential layout adds a new income stream. Ideal for investors looking to lease up, or owner-users who want to occupy part of the building while tenants help carry the cost.

Location

State ID

County Bonneville

Area 30000

Zoning General Zoning: If Industrial,Specific Zoning: Idaho Falls-I&m-Indust/manuf

Rooms

Basement Exterior Entry, Partially Finished, See Remarks

Interior

Heating Natural Gas

Cooling None

Exterior

Parking Features Parking Lot

Garage Description Parking Lot

View Y/N No

Roof Type Membrane

Garage Yes

Private Pool No

Building

Lot Description High Traffic, Interstate Exit/Access, Near Mall/Shop, Concrete Curbing

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Keller Williams Realty East Idaho

NEARBY SCHOOLS & PROPERTIES

JoAnn Bailey

Broker Associate

+1(208) 604-3049

JoAnn Bailey

751 S Capital Avenue Idaho Falls, ID 83402

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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751 S Capital Avenue