402 E Sherman Ave - Office FOR SALE


Coeur d'Alene, ID 83814- Downtown CDA
$6,750,000 USD
208-719-1162
402 E Sherman Ave, Coeur d'Alene, ID for Sale
$6,750,000 USD
Office - FOR SALE
1/4
null | 5.3% Cap Rate

402 E Sherman Ave
Coeur d'Alene, ID 83814
Downtown CDA


HIGHLIGHTS

  • Prominent corner location at 4th Street and Sherman Avenue.
  • Historic mixed-use retail and office building in downtown Coeur d'Alene.
  • Walkable to Lake Coeur d'Alene, McEuen Park, the resort, marina, shops, and restaurants.
  • Three-story structure renovated in 2019.

OVERVIEW

Own a corner of downtown Coeur d'Alene. Historically known as The Dingle, this landmark brick building commands CDA's premier downtown corner, offering 40,000 square feet with lake views and a location that speaks for itself. Home to The Corner Store along with a mix of retail and professional tenants, the building draws heavy foot traffic from bustling downtown CDA and sits just steps from Lake Coeur d'Alene, Tubbs Hill, McEuen Park, and the CDA Resort. For the sophisticated investor, there's real upside beyond the location. A fire decades ago took out the 4th floor, leaving a rare opportunity to rebuild and add back roughly 10,000 square feet, with rooftop views that would be hard to replicate anywhere else downtown. Few properties offer this combination of history, location, and untapped potential. Showings by appointment only.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Dingle Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

DC-Downtown Core

APN/PARCEL ID

C180000Q001A

ASK ABOUT THIS PROPERTY

Blake WardBlake Ward Real EstateMore Info
208-719-1162

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Blake WardBlake Ward Real EstateMore Info
208-719-1162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.