751 S Capital Avenue, Idaho Falls ID 83402
Real Estate Only
$975,000
1931
Year Built
0.99
Acres
About this home
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.
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Prefer to call? (208) 206-2830
Listing courtesy of Keller Williams Realty East Idaho. Data courtesy of Snake River Regional MLS. Information deemed reliable but not guaranteed and should be independently verified. Equal Housing Opportunity.