$10,000,000
Post Falls, ID 83854
MLS# 25-10046
1 / 22
Property Description
Rare Waterfront Business and Development Opportunity! For the first time on the market-- nearly 11 acres, composed of three separate Spokane Riverfront parcels. Located under 6 miles downriver from the mouth of Lake Coeur d'Alene. The property is currently home to Lake City Marine, a fully operational boat repair facility with multiple docks and buildings. This site boasts some of the deepest water on the riverside, making it a site capable of launching and hauling large vessels and luxury yachts on the Spokane River. The marine railway has been successfully utilized since the 1950's. Immediate income potential for your marine operation. Prime development possibilities through city annexation, with the potential for multiple buildable lots. The three parcels are zoned residential- one is taxed commercial and utilized for the business. This location is historically noted as the original construction and launch site of the famous 'Mish-an-nock', Coeur d'Alene tour boat in 1968.
Details
Contract Information
Status: Active
Listing Type: Waterfront
Area: 02 - Post Falls
Neighborhood Grid #: 151
Begin Date: 2025-10-03
List Price: $10,000,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Land
Lot Type 1: Residential
Lot Type 2: River Front
Lake/River Name: Spokane River
Lot Acres: 10.85
Building Style: Shop
Legal and Taxes
Legal: TAX #4563 EX TAX # & EX E 120 FT 12 50N 05W
AIN/Tax Bill: 117871 127512 112119
Parcel Number: 50N05W123385, 50N05W123410, 50N05W123300
School District: Post Falls - 273
Zoning: Res
Directions: S on Greensferry Rd to Marine Drive. L on Marine to the shop.
Taxes: 21555
Tax Year: 2024
Taxes Reflect 1: Timber Exemption
Subdivision: N/A
Remarks
Public Remarks: Rare Waterfront Business and Development Opportunity! For the first time on the market-- nearly 11 acres, composed of three separate Spokane Riverfront parcels. Located under 6 miles downriver from the mouth of Lake Coeur d'Alene. The property is currently home to Lake City Marine, a fully operational boat repair facility with multiple docks and buildings. This site boasts some of the deepest water on the riverside, making it a site capable of launching and hauling large vessels and luxury yachts on the Spokane River. The marine railway has been successfully utilized since the 1950's. Immediate income potential for your marine operation. Prime development possibilities through city annexation, with the potential for multiple buildable lots. The three parcels are zoned residential- one is taxed commercial and utilized for the business. This location is historically noted as the original construction and launch site of the famous 'Mish-an-nock', Coeur d'Alene tour boat in 1968.
Address
Street Number: 5729
Street Direction Pfx: E
Street Name: MARINE
Street Suffix: DR
State/Province: ID
Postal Code: 83854
County: Kootenai
Property Subject To
CC&Rs: None
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: Yes
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Miscellaneous
Sec: 32
Twn: 50N
Rng: 5
Rng Dir: WBM
Showing Instructions
Showing Service Name: ShowingTime
Property Features
View: Mountain(s); River
Lot Features: Irregular Lot; Level; Open Lot; Sloped; Wooded
Fencing: Partial
Exterior Features: Dock
Other Structures: See Remarks
Road: Gravel
Water: Private Well
Sewer: Septic Tank
Natural Gas: In
Electricity: In
Telephone: In
Terms Considered: 1031 Exchange; Cash; Construction Loan; Conventional
Showing Instructions: ShowingTime Online
Supplements
Two small rental homes and one rented space are currently contributing to the property's monthly revenue.
Listing Office: EXP Realty
Last Updated: November - 05 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.