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INVESTOR AND DEVELOPER ALERT! This corner property is in the $1,025,000

602 N GOVERNMENT Way, Coeur d Alene, ID 83814

3 br, 2.0 ba, 1916 2162 sf
Kootenai County
Ad #: 6878391

Lake Condo For Sale near Coeur d Alene Lake

INVESTOR AND DEVELOPER ALERT! This corner property is in the historic downtown sector of Coeur d'Alene within the renowned Garden District. TWO LOTS ZONED R-17 / INFILL DISTRICT which feature .20 total acres. Build brand new multifamily condo units or apartments. City Planning Department would allow for a three (3) floor multifamily dwelling w/ 45' maximum roof height. Unit count is determined by Floor-Area-Ratio (FAR). Calculus: 8,712 sq ft lot area x 2 = 17,424 sq ft. Imagine doing four (4) units per floor @ 1,400 sq ft per unit... that's 12 total units! No CC&R's or HOA's. Bring your vision and skillset to create new stylized development mere blocks away from the pulse of Sherman Ave, CdA Resort & Marina, Tubbs Hill, City Park, Independance Point, shopping, cafes, restaurants... all within short walking distance down streets lined with old growth trees. Existing 3 BR / 1.5 BA / 2,834 Sq Ft home cash flows excellent rent roll. Don't hesitate to capitalize on this opportunity!

Property Details

  • Beds: 3
  • Baths: 2.0
  • Sq Feet: 2162
  • Year Built: 1916
  • Location: Coeur d Alene Lake
  • Acres: 0.200
  • ViewTypes: City
  • County: Kootenai County
  • Heat/AC: Forced Air, Other (Heating), Natural Gas, Wood, Fireplace(s)
  • Siding: Lap Siding, Frame
  • Roof: Shake, Wood
  • Fireplaces: Has Fireplace
  • Property Taxes: $3,206
  • MLS #: 25-6221

Location

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Contact Information:

Contact Agent
Buyer's Agent: Bill Fanning
Century 21 Waterfront
509-999-5444
Please say you found it on Lakehouse.com !		 Listing Agent: Ryan Schuster, Kelly Right Real Estate, 208-818-6362, 509-489-7000 Listing Site, Listing Status: Active
Copyright © 2025 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Condo For Sale in Coeur d Alene, Idaho
Ad Number : 6878391
Viewed: 16 times
Added: Nov 13, 2025
Updated on: Nov 13, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.