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33521757
33521765

6249 West Maine Street, Spirit Lake, ID 83869

TV
ID ID-AB21160, WA WA - 25738
Kiemle Hagood
Kiemle Hagood
Listed by Kiemle Hagood
$1,550,000
13 days on market
Updated 12 days ago

The Merc Building

Details
Property Type Retail
Sub Type Restaurant, Bar (+1)
Square Footage 8,000
Cap Rate 6.00%
NOI $90,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 3
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $90,000
Year Built 1907
Year Renovated 2015,2023
Acreage 0.160
Zoning Commercial
Ground Lease No

One of the first buildings built in Historic Spirit Lake Idaho

Marketing description

THE "MERC" BUILDING

Historic, fully leased, two story commercial building in the heart of Spirit Lake. ''The Merc'' has been fully renovated in recent years including upgrades to the HVAC, plumbing, electrical, and mechanical systems. The street level, restaurant space has a commercial kitchen, and the adjacent suite is a well finished bar/retail space. The second floor has several office and retail suites and a full, remodeled kitchen, and three bathrooms. Plenty of street parking on Maine St. as well as private paved parking around back accessible from the alley. City park immediately to the east.

Investment highlights

THE "MERC" BUILDING

Historic, fully leased, two story commercial building in the heart of Spirit Lake. ''The Merc'' has been fully renovated in recent years including upgrades to the HVAC, plumbing, electrical, and mechanical systems. The street level, restaurant space has a commercial kitchen, and the adjacent suite is a well finished bar/retail space. The second floor has several office and retail suites and a full, remodeled kitchen, and three bathrooms. Plenty of street parking on Maine St. as well as private paved parking around back accessible from the alley. City park immediately to the east.

Listing Contacts

TV
ID ID-AB21160, WA WA - 25738
Kiemle Hagood
Kiemle Hagood
Listed by Kiemle Hagood

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,000.00
$7,500.00/mo

Valuation Metrics

0
DSCR
5.81%
Cap Rate
5.81%
ROI

Map

Zoning

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C CommercialNeighborhood CommercialCommercial
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Tony Villelli
License
ID-AB21160
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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