Investment Property Under Contract in Coeur d'Alene!
1114 N. 3rd St. Coeur d’Alene, ID
Retail Investment - Car Wash & Coffee Stand
Total SFT: ± 4,000 SFT Land Size: 0.69 Acres
Sometimes the best deals are the ones that require a little extra patience, persistence, and a whole lot of determination! At Daines Capital Commercial Real Estate, we know that not every transaction is going to be a quick and easy process. Some properties require a unique buyer, a creative marketing strategy, and a willingness to adapt along the way. Our latest success story at 1114 N. 3rd St. in Coeur d'Alene, Idaho, is the perfect example of why you should never give up on finding the right opportunity!
Our journey with this property began back in January when we were brought on to help lease a car wash in Coeur d'Alene. Initially, we decided to keep the property off-market to see if we could generate interest through word of mouth and our existing network of business connections. After about a month without much activity, we decided it was time to officially bring the property to market. While we received some initial interest and inquiries, finding someone ready to lease and operate a car wash proved more challenging than anticipated.
We launched targeted marketing campaigns, reached out to potential operators, and continued exploring opportunities, but nothing seemed to gain traction. Then, an unexpected question changed the direction of the entire deal: Would the owner consider selling instead of leasing? Although selling wasn't originally part of the owner's plan, the inquiry sparked some curiosity. What could the property be worth in today's commercial real estate market?
After considering the opportunity, the owner decided he would entertain a sale, but with one important addition: the neighboring coffee stand that shared the same parcel as the car wash would also be included in the transaction. Suddenly, we had an entirely different opportunity on our hands!
Instead of marketing a standalone car wash for lease, we were now offering a car wash and coffee stand investment property in Coeur d'Alene. And the timing couldn't have been more interesting! Investment properties have been one of the hottest sectors we've seen throughout 2026, with buyers actively searching for opportunities across Eastern Washington and Northern Idaho. This shift in strategy brought a noticeable increase in interest. We were finally getting the attention we had been working toward! There was just one problem: Interest wasn't turning into offers.
As the months continued, so did our efforts. We marketed the property, connected with interested buyers, answered questions, and explored every opportunity that came our way. Despite the increased activity, we couldn't quite find someone ready to take the next step. By the end of summer, we were beginning to wonder whether the right buyer was out there. Our listing agreement with the owner was relatively short, and after months of marketing without a solid offer, we were preparing to take the property off the market. But as luck would have it, just one week before we were planning to pull the listing, everything changed!
A new buyer came forward with genuine excitement about the opportunity. They were particularly interested in acquiring the car wash and were pleasantly surprised to learn that the coffee stand was included in the sale! After months of searching, we finally had someone who recognized the potential of this unique investment property. Of course, finding the right buyer was only half the battle!
The next several weeks were filled with negotiations, discussions, and more than a few contract revisions. Both parties worked through the details to find terms they could agree on, and our team remained committed to helping move the transaction forward. After nearly a year of working on this property, we're thrilled to officially announce that 1114 N. 3rd St. in Coeur d'Alene is UNDER CONTRACT!
This transaction has been an interesting journey from the very beginning. We knew a specialized property like this might take longer to find the right match, but we also knew that the right opportunity could appeal to the right buyer. What started as a straightforward car wash leasing assignment evolved into a unique investment sale involving two businesses on one parcel. Along the way, we had to adjust our strategy, explore new possibilities, and remain patient even when progress seemed slow. The biggest takeaway? Sometimes success isn't about how quickly you close a deal. It's about staying committed long enough to find the right solution.
We're incredibly grateful to our seller for trusting us throughout this process and excited for the buyer as they prepare to take on this new investment opportunity. While we're not quite at the finish line yet, getting this property under contract is a huge milestone, and we're looking forward to a successful closing and seeing what the future holds for this Coeur d'Alene property! At Daines Capital Commercial Real Estate, we understand that every property is different. Whether you're looking to lease a specialized commercial space, sell an investment property, or explore opportunities you hadn't previously considered, our team is ready to help.
We don't believe in giving up just because a property presents a challenge. We believe in adapting, staying persistent, and finding creative solutions that work for our clients. Have a commercial property that's been difficult to lease or sell? Let's talk! Your next opportunity might be closer than you think.