The Roosevelt Inn 105 E Wallace Ave

The Roosevelt Inn is a beautiful 5 story brick building, with a rich history as the first elementary school built for the city of Coeur d Alene in 1905. It is on the National Register of Historic Places (there are no restrictions on renovations or modifications) and is a gem in the prime, historical downtown area. The inn houses 14 guestrooms, all with private baths, a mix of king suites, deluxe rooms, standard rooms, family suites, and a self-contained owner's apartment. The lower level contains an event room, entertainment room, massage room, two storage rooms and the laundry facility. The main floor has three public areas, three guest rooms and a commercial kitchen with dining room. Some suites have fireplaces and lake views. Each floor has its own heating and air conditioning unit, and the building has an elevator that goes from the main level up to the third floor. The lower level and owners apartment are not elevator accessible. This building has been immaculately maintained and there is no deferred maintenance. It has been updated with keyless entry system integrated into ResNexus, an automated reservation system. It is ADA compliant. Located just four blocks directly north of the lake, the Roosevelt is walking distance to world class recreational activities, shopping, dining and downtown events. The 0.63 acre is a beautiful manicured park like oasis with a natural fence of arborvitaes, 100 year old maple and pine trees, surrounded by a gated wrought iron fence. The lovely east yard features a stunning stone waterfall with 7 falls, a giant chess set and comfortable conversationl benches strategically located around the property. The west lawn offers a relaxing tiered fountain and patio and fire pit. At the rear of the property is an enclosed redwood cabana with a 10-person hot tub and sauna. These beautifull landscaped grounds make for a spectacular setting and backdrop for weddings, receptions and events. There are 15 paved parking spaces plus unlimited free street parking available. The sale includes land, building, and profitable turn-key business. All furnishings and equipment are included. Current staff is willing to stay on and work with new owners.