36 E Main Street, Rexburg, ID 83440 - MLS#2180413

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Valorie Blanchard

val@valorieslist.com +1(208) 403-1859

$775,000

Est. payment - /mo

6 Baths

7,200 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $107

MLS Listing ID 2180413

Year Built 1903

Annual Tax Amount $3,660

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Real Estate Only

Property Description

Prime mixed-use investment property located in the heart of historic downtown Rexburg?just steps from BYU-Idaho. Originally built as the Rexburg State Bank, this beautifully preserved brick building retains its historic character, including the original bank vault still located on-site. Zoned CBD (Central Business District), allowing for retail, restaurant, or mixed commercial use. The main floor was fully remodeled in winter 2024, featuring modern finishes, updated electrical, and plumbing while maintaining the building's classic early-1900s appeal. Currently leased to an established local cafe/restaurant. The upper level includes four fully rented apartments, each approximately 400?600 sq ft, remodeled in 2010 and featuring a shared coin-operated washer/dryer that generates additional income. Basement (approx. 1,800 sq ft) offers additional storage and mechanical space. The property has enjoyed strong, consistent occupancy for over 20 years, demonstrating the continued rental demand in this high-traffic downtown location. Recent improvements include HVAC upgrades and system updates. Excellent opportunity for investors Please do not disturb tenants or business. Buyer to verify all information with the city & county offices.

Location

State ID

County Madison

Area 7200

Zoning General Zoning: Mc Rexburg City Li,Specific Zoning: Madison-Commercial

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Electric, Natural Gas

Cooling Central Air

Flooring Floor Thickness-8 or +

Inclusions Building And All Permanently Attached Fixtures, Including Four Fully Rented Residential Apartments On The Upper Level And One Main-Floor Commercial Unit. Coin-Operated Washer And Dryer Included, Generating Additional Income. Existing Leases To Convey At Closing. Tenant Fixtures/Items Not Included.

Exterior

Exterior Feature Lighting

Parking Features Off Street

Garage Description Off Street

View Y/N No

Roof Type Built-Up,Membrane

Garage Yes

Private Pool No

Building

Lot Description Concrete Curbing, Corner Lot

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional, 1031 Exchange, Other

Listing Terms Cash, Conventional, 1031 Exchange, Other

Special Listing Condition Standard

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Listed by Silvercreek Realty Group

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Valorie Blanchard

+1(208) 403-1859

Broker Associate

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36 E Main Street Rexburg, ID 83440

Valorie Blanchard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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