611 Cedar St, Wallace, ID 83873
Property image
Property image
OFF MARKET

611 Cedar St
Wallace, ID 83873

  • 6 Beds
  • 2.5 Baths
  • 6,250 sqft
6 Beds
2.5 Baths
6,250 sqft

Local Information

  • Map ViewExplore the area around 611 Cedar St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Unique opportunity to purchase an historic, 3-story, 6400 sf, brick commercial building in Wallace Idaho. Built in 1913, and once a famous brothel called “The Luxette Rooms,” this location is one of the oldest building sites in Wallace. Extensive upgrades/renovation and new roof in 2021.

Ground floor and second floor have their own gas furnaces and separate meters/utilities. First floor is 2500 ft.² of turnkey office/retail space with separate entrance. The space, a saloon and restaurant in the early days, was remodeled in 2021 and the original 1913 mosaic floor restored. Front retail space includes a new half bathroom and two locking storage spaces. There is also a separate, very large space in the rear with a back entry door from the Depot Museum/city-owned parking lot. Rear space could function as a separate business space. Ground floor is currently leased.

Second floor is a newly updated, 2500 sf, very clean, 6 bedroom apartment with 2.5 baths. Includes a large living room with fireplace overlooking the Depot Museum, full kitchen, dining area, and a very large laundry room (which is also plumbed for a full bathroom). Gorgeous mountain views from every window. Currently operates as a successful short-term vacation rental.

Third floor is 1250 sf and has operable plumbing and electricity but needs some TLC. Adds 5 additional bedrooms, laundry hookups and a large full bath (including extra-long, original pink bathtub, 2 pink sinks and pink toilet!).

Would be perfect for a couple or family looking to start a business and live in Wallace. Run the Airbnb or live in the apartment and open a business downstairs. Plenty of room in rear commercial space to build out a kitchen or bakery. Slight possibility of historical liquor license.

Owner carry terms available with 40% down. Will work with buyer agents. $525000

611 Cedar St, Wallace, ID 83873 is a 6 bedroom, 3 bathroom, 6,250 sqft apartment built in 1913. It is currently off market. The Trulia Estimate rent is $2,543/month.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 611 Cedar St

Interior Features

Interior Details
Basement
Levels, Entrance, & Accessibility
Stories: 3

Exterior Features

Exterior Home Features
Roof: OtherExterior: Brick
Parking & Garage
Parking: On Street

Property Information

Year Built
Year Built: 1913
Property Type / Style
Property Type: Apartment

Lot Information

Lot Area: 2500 sqft

Price History for 611 Cedar St

DatePriceEventSource
05/23/2023ListingRemovedN/A
03/21/2023$399,000PendingCoeur d'Alene MLS #23-1661
03/13/2023$399,000PriceChange
Coeur d'Alene MLS #23-1661
01/02/2023$525,000Listed For SaleN/A
11/01/2022ListingRemovedCoeur d'Alene MLS #22-2989
10/18/2022$499,000PriceChange
Coeur d'Alene MLS #22-2989
09/04/2022$524,000PriceChange
Coeur d'Alene MLS #22-2989
08/08/2022$549,000PriceChange
Coeur d'Alene MLS #22-2989
07/04/2022$575,000PriceChange
Coeur d'Alene MLS #22-2989
04/30/2022$659,000PriceChange
Coeur d'Alene MLS #22-2989
04/21/2022$759,000PriceChange
Coeur d'Alene MLS #22-2989
04/15/2022$760,000Listed For SaleN/A
08/11/2021ListingRemovedCoeur d'Alene MLS #21-4296
07/08/2021$299,000PriceChange
Coeur d'Alene MLS #21-4296
05/13/2021$339,000Listed For SaleCoeur d'Alene MLS #21-4296

Market trends in Wallace

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
25
5MoM
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Property Tax and Assessment

Year2025
Tax$4,895
Assessment$464,360
Home facts updated by county records

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Assigned Schools

These are the assigned schools for 611 Cedar St.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Wallace

At least 6 Trulia users voted on each feature.

  • 100 % Say people would walk alone at night

  • 100 % Say it's dog friendly

  • 100 % Say kids play outside

  • 90 % Say yards are well-kept

  • 88 % Say it's walkable to grocery stores

  • 86 % Say parking is easy

  • 83 % Say streets are well-lit

  • 80 % Say there's wildlife

  • 78 % Say car is needed

  • 72 % Say neighbors are friendly

  • 71 % Say it's walkable to restaurants

  • 71 % Say it's quiet

  • 71 % Say they plan to stay for at least 5 years

  • 63 % Say there are community events

  • 57 % Say there are sidewalks

  • 40 % Say there's holiday spirit

Sourced by Trulia users. Learn more about our methodology.
  • Kim M.
    "Idyllic small town environment. I grew up here and have returned home after many years because it is a safe and quiet community, with that genuine small town feel. Not to mention the access to everything outdoors. Hiking, camping, fishing, hunting. "
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  • Ashli D.
    "Throughout the year they always have special events going on in town that celebrates who we are as a community and where we came from! "
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Off Market Homes Near 611 Cedar St

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