611 Cedar St, Wallace, ID 83873
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 showing home location
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-- 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

This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
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Outdoor
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HOA
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Listed
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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
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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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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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611 Cedar St, Wallace, ID 83873 is a 6 bedroom, 3 bathroom, 6,250 sqft apartment built in 1913. This property is not currently available for sale.