3331 & 3377 E Jenalan, Post Falls, Commercial Property

Are you looking for the perfect location to establish or expand your business in North Idaho? These two adjacent, level commercial lots in Post Falls offer an incredible opportunity in one of the region’s fastest-growing cities. Situated off East Jenalan, these prime parcels total 2.09 acres, with each lot approximately one acre. They are fully equipped with essential utilities, including power, gas, electricity, phone, and sidewalks, making them truly ready to build.

Strategically positioned with easy access to Highway 41 and Interstate 90, this location offers high visibility and seamless connectivity to Coeur d’Alene, Spokane, and beyond. Post Falls has become a booming hub for business growth, retail development, and professional services, making this an ideal investment for medical offices, dental clinics, retail storefronts, office buildings, or industrial development.

The surrounding area features a dynamic mix of successful businesses, including medical and dental offices, retail centers, and national brands like Wal-Mart just down the street. With the city’s expanding infrastructure and a strong local economy, these lots present a versatile and lucrative commercial real estate opportunity.

Whether you’re looking to develop a retail center, professional office space, a warehouse, or a mixed-use commercial property, this location provides exceptional potential for growth and success. Don’t miss out on securing your spot in this high-demand business corridor!

For more information or to schedule a viewing of these East Jenalan Avenue lots, contact us today!

  1. Do VA loans require a down payment?

No! One of the biggest benefits of a VA loan is that no down payment is required for eligible buyers.

  1. Do VA loans require private mortgage insurance (PMI)?

No, VA loans do not require PMI, which can save you hundreds of dollars per month compared to conventional loans.

  1. What is the VA funding fee, and do I have to pay it?

The VA funding fee is a one-time fee that helps sustain the VA loan program.

  • First-time use: 2.15% of the loan amount (if putting 0% down).
  • Subsequent use: 3.3%.
  • Exemptions: If you have a service-connected disability, you may qualify for a waiver.
  1. What credit score and debt-to-income (DTI) ratio do I need?

There’s no official VA credit score requirement, but check with your lender. 

  • DTI ratio should generally be 41% or lower, but exceptions exist for strong borrowers.
  1. Can I use a VA loan to buy a vacation home or rental property?

No, VA loans are only for primary residences. You must live in the home you purchase.

  1. Does the home need to meet specific requirements?

Yes, VA loans have Minimum Property Requirements (MPRs) to ensure the home is safe, sound, and sanitary.

  • Common issues: peeling paint, broken windows, roof damage, or exposed wiring could cause delays.
  1. What’s the difference between a VA appraisal and a home inspection?
  • VA appraisal: Required to determine value and basic safety.
  • Home inspection: Optional but recommended to check for hidden issues.
  1. Can the seller pay my closing costs?

Yes! Sellers can contribute up to 4% of the loan amount toward your closing costs and concessions, which can help cover expenses like property taxes or discount points.

  1. Can I transfer my VA loan to someone else?

Yes! VA loans are assumable, meaning another qualified buyer can take over your loan’s terms—this can be a huge advantage if interest rates rise.

  1. Can I use my VA loan benefit more than once?

Yes! Your VA entitlement can be restored if you pay off or transfer your previous VA loan, allowing you to use the benefit again.

 

Thank you to Jaclyn Scotch for sharing her insights and expertise on VA Home Loans. Here is her contact info:

Jaclyn Scotch

Home Loan Officer

Location: Coeur d’Alene

If you have questions about navigating today’s market or need a recommendation, reach out! I’m here to help you make smart, confident moves.

Michelle Rene

Real Estate Associate Broker, REALTOR