Lindy's Steak House Lists for $1.5 Million in Boise
The restaurant property and liquor license are under contract, signaling market interest in established local dining sites.
Updated on Oct. 15, 2026 in Openings & Closings
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Lindy's Steak House, a Boise fixture since 1996, is under contract for purchase following its listing this summer. The transaction for the property at 12249 W. Chinden Blvd. is expected to conclude by the end of 2026.
Why it matters
The sale highlights the market value of established hospitality real estate in Boise, with the listing price providing a benchmark for operators assessing the transition of long-standing restaurant assets.
The property at 12249 W. Chinden Blvd. is listed for $1.5 million, an asking price that includes the restaurant's liquor license. The business maintains a 4.1-star rating on Google and a 3.1-star rating on Yelp.
The players
Lindy's Steak House
A long-standing dining establishment in Boise that has been operating since 1996.
The details
The listing, which covers both the physical property and the transfer of the liquor license, represents a complete handover of the business entity. Operators should note that the transaction is currently under contract, signaling that the asset successfully cleared the initial market phase at its $1.5 million valuation.
Timeline
1996: Lindy's Steak House first opened its doors.
Summer 2026: The property was officially listed for sale.
End of 2026: The buyer is scheduled to complete the purchase.
Market Landscape
This sale follows the ongoing consolidation of independent restaurant real estate in the Treasure Valley. It marks a departure from typical operational transfers by prioritizing the long-held property and license value.
Restaurant owners should monitor the final sale price as a data point for real estate appreciation on Chinden Blvd. Those evaluating their own exit strategies should verify the transferability and current market value of their liquor licenses as a key component of total deal value.
The takeaway
The valuation of this sale reflects the combined worth of the physical site and the licensed ability to serve alcohol in the local market. Operators looking to list should conduct a comparable analysis of recent property sales in Boise to ensure their asking price aligns with current demand.
What happens next
The finalization of the property acquisition is scheduled to occur by the end of 2026.
Further reading
For more on industry shifts, visit Boise Openings & Closings.
Source note: This article includes information reported by Idaho Statesman.
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