36 E Main Street, Rexburg, ID 83440 - MLS#2180432

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Oct

Fri

Oct

Sat

Nov

Valorie Blanchard

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

$775,000

Est. payment - /mo

4 Beds

8 Baths

7,200 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $107

Subdivision Rexburg Townsite-Mad

MLS Listing ID 2180432

Bedrooms 4

Full Baths 6

Half Baths 2

Year Built 1903

Annual Tax Amount $3,660

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Quadruplex

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 BUSINESS & TENANT. 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 Partially Finished, Unfinished, Walk-Out Access

Interior

Heating Electric, Natural Gas, Forced Air, Separate Heat

Cooling Central Air, Wall/Window Unit(s)

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.

Appliance Separate Water Heaters

Exterior

View Y/N No

Roof Type Membrane

Garage No

Private Pool No

Building

Lot Description Near Park, Near Schools, Near University/College, Concrete Curbing, Corner Lot

Foundation Concrete Perimeter, Stone

Sewer Public Sewer

Water Public

Schools

Elementary Schools Adams 321El

Middle Schools Madison 321Jh

High Schools Madison 321Hs

Others

Senior Community false

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Read Less Info

Listed by Silvercreek Realty Group

Get More Information

Valorie Blanchard

+1(208) 403-1859

Broker Associate

Quick Search

36 E Main Street Rexburg, ID 83440

Valorie Blanchard

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information