525 Cedar St, Wallace, ID 83873

$1,200,000
5
BD
4
BA
7,500
SqFt
List Price
$1,200,000
Status
ACTIVE
MLS#
21-6885
Style
Multi-Level
Year Built
1885
Bedrooms
5
Bathrooms
4
Acres
0.06
Living Area
7,500
Region
12 - Silver Valley
Subdivision
Wallace Townsite

Property Description

Location, Location, Location....Here's your chance to own the Oldest Standing Brick Hotel in the State of Idaho, perfectly situated in the Heart of Historic Wallace! Having survived the Big Burn of 1910, it served as the Wallace Corner Lounge & Hotel throughout most of the early 1900s and has had many uses throughout the decades. It's currently operated as ''6th & Cedar'', that has a successful coffee shop and a brand new bar and lounge area true to the 1930s post Prohibition era. The Original Iconic 2nd Floor Balcony was replaced/added in 2018. The 2nd & 3rd Floors are an open canvas ready for you to make it your own personal residence with 2,500 sq. ft. on each floor, including just over 1,000 sq. ft. of Balcony Deck Space to enjoy throughout the year. Or, maybe develop the two floors into multiple units ready to rent, VRBO, or Sell. Endless potential for any creative Buyer with this spectacular property! Purchase includes the Land, Building, Operating Business, and Liquor License.

Additional Information

Taxes
$2,023
Lot Features
Alley Access, Corner Lot, Level, Southern Exposure
Interior Features
High Speed Internet
Appliances
Dishwasher, Electric Water Heater, Freezer, Microwave, Refrigerator
Heating
Forced Air
Exterior Features
Curbs, Lighting, Open Deck, Paved Parking, See Remarks, Sidewalks
Exterior
Brick, Cement Block, Concrete, Stucco
Water
City
Sewer
City Sewer
School District
Wallace - 393

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of SARMLS / Keller Williams Realty Coeur d'Alene