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
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