Prime 4-unit mixed-use investment property on Spirit Lake's Historic Main Street featuring 1 ground-floor commercial space and 3 residential apartments. Strong cap rate with immediate value-add potential through below-market rents. Recent updates include newer roof and fresh paint. Separate utilities minimize owner expenses. All units currently occupied with proven low turnover in North Idaho's consistently strong rental market. Exceptional location just one block from the lake positions this as a gateway to North Idaho's recreational paradise. The commercial space offers high-visibility Maine Street presence.
Prime 4-unit mixed-use investment property on Spirit Lake's Historic Main Street featuring 1 ground-floor commercial space and 3 residential apartments. Strong cap rate with immediate value-add potential through below-market rents. Recent updates include newer roof and fresh paint. Separate utilities minimize owner expenses. All units currently occupied with proven low turnover in North Idaho's consistently strong rental market. Exceptional location just one block from the lake positions this as a gateway to North Idaho's recreational paradise. The commercial space offers high-visibility Maine Street presence..
Spirit Lake is located in Idaho. Spirit Lake, Idaho has a population of 1,770. Spirit Lake is less family-centric than the surrounding county with 25.85% of the households containing married families with children. The county average for households married with children is 30.29%.
The median household income in Spirit Lake, Idaho is $54,226. The median household income for the surrounding county is $64,936 compared to the national median of $69,021. The median age of people living in Spirit Lake is 38.6 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 21.7 degrees. The average rainfall is approximately 27.5 inches per year, with 52.2 inches of snow per year.
