751 S Capital Ave, Idaho Falls, ID 83402

Property Description

Historic Cheese Factory Redeveloped as a Multi-Tenant Commercial Property | 30,000 SF | Downtown Idaho Falls Built in the 1930s as the cheese factory, this 30,000 SF property in downtown Idaho Falls pairs real character with a prime location. Brick, steel, and industrial bones are nearly impossible to replicate. Enjoy amazing Snake River views beside Snake River Landing, with restaurants and shopping close by. Five of eight spaces are leased to a diverse mix of tenants: a courier service, live music venue, cabinet shop, automotive sound systems company, and public nonprofit. Together they generate $7,550 per month in rental income. The three remaining spaces are a ready opportunity, including an upper level of roughly 6,000 SF that could become one open office suite or six 1,000 SF studio apartments. Office users get a one-of-a-kind headquarters, and a residential layout adds a new income stream. Ideal for investors looking to lease up, or owner-users who want to occupy part of the building while tenants help carry the cost.