Wallace, Idaho: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the Silver Valley of the Idaho Panhandle, Wallace, Idaho, is a hidden gem for commercial real estate investment. Known for its rich mining history, Wallace has a unique charm that attracts businesses looking for opportunities in a small-town setting. With a welcoming business climate and proximity to major transportation routes, Wallace offers an enticing environment for commercial real estate professionals. Its economy is primarily driven by tourism, mining, and outdoor recreation industries, making it a strategic location for diverse commercial real estate ventures.

Economic and Industry Overview

Wallace is strategically positioned within the Silver Valley, an area historically known for its mining industry. While mining remains a significant part of the local economy, tourism and outdoor recreation have emerged as major industry clusters. These sectors contribute to a growing demand for retail and hospitality properties. Furthermore, regional economic development initiatives aim to support small businesses and promote sustainable tourism, enhancing the city's commercial real estate appeal. Explore more with the Idaho Department of Commerce.

Strategic Location and Transportation Infrastructure

Wallace is conveniently located along Interstate 90, providing direct access to major markets across the Northwest. This strategic position enhances its logistical advantages for distribution and transportation. The proximity to Spokane International Airport, approximately 90 miles west, offers additional connectivity for business travel and freight. For more details on transportation infrastructure, visit the Idaho Department of Transportation.

Commercial Real Estate Inventory & Zoning

Wallace features a diverse range of commercial real estate submarkets, including its historic downtown area and developing industrial corridors. Key asset classes in the city include retail, office, and industrial spaces, alongside commercial-grade multifamily properties. The city actively promotes development through zoning incentives and overlays, encouraging investment in its charming historic district. To explore zoning maps and parcel viewers, access the City of Wallace Planning and Zoning Department.

Major Employers and Institutions

The city's economy is supported by major employers such as the Lucky Friday Mine, tourism-based businesses, and local government institutions. Additionally, nearby educational institutions and healthcare facilities contribute to the demand for commercial real estate. For more information on local businesses and economic development, visit the Shoshone County Economic Development.

Notable Commercial Developments & Projects

Wallace is home to several noteworthy commercial developments, including revitalization projects in its downtown area and mixed-use developments that blend retail and hospitality spaces. The city embraces public-private partnerships to drive economic growth, and several Opportunity Zones offer tax incentives for investors. For detailed planning information, visit the Wallace Planning Department.

Building Permits, Planning, and Development Tools

• City of Wallace Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code PDF

Market Data & Economic Reports

For comprehensive market data and economic reports, explore resources such as census.gov and Wallace's open data portals. Brevitas uses AI-powered aggregation to provide insightful data and internal insights for commercial real estate professionals. Discover more through Brevitas-powered dashboards for Wallace.

Why Use Brevitas for Wallace, Idaho CRE?

Brevitas offers a suite of AI-driven tools for CRE discovery in Wallace, Idaho. Key features include:

• AI-generated listing pages for accurate property representation
• Real-time market alerts to stay ahead of trends
• Smart property pages for enhanced property marketing
• Dealroom collaboration for efficient transaction management

Brevitas provides exclusive listings and premium exposure, integrating seamlessly with brokers and developers. Explore how Brevitas can transform your commercial real estate strategy in Wallace, Idaho.

For more information, visit Brevitas.