156 N 2nd E, Rexburg, ID 83440 - MLS#2180597 - Valorie Blanchard

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Valorie Blanchard

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

$2,300,000

Est. payment - /mo

5 Baths

20,000 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 20,000 sqft

Price per Sqft $115

MLS Listing ID 2180597

Year Built 1950

Annual Tax Amount $4,211

Tax Year 2024

Lot Size 1.110 Acres

Property Sub-Type Real Estate Only

Property Description

Prime Investment Opportunity in Rexburg, Idaho Introducing a rare, turn-key investment at 156 N 2nd E, Rexburg, ID—a 20,000 sq ft commercial property featuring a 16,000 sq ft warehouse and 4,000 sq ft of modern office space. The current owner is offering a 5–10 year leaseback, providing immediate and secure rental income of $14,000 per month and delivering a 7% cap rate from day one. This property is positioned for long-term success with versatile commercial/industrial zoning and excellent access to Hwy 20 and regional transport routes. The warehouse offers high-clearance, open-span utility, while the office space supports professional operations in a growing commercial corridor. With stable tenancy already in place, no upfront vacancy risk, and a well-maintained building in a high-demand market, this is a perfect passive-income asset for both seasoned and first-time investors. Seize the chance to own a proven performer in the heart of Idaho's fastest-growing communities.

Location

State ID

County Madison

Area 20000

Zoning General Zoning: Rx-Comm Busi Cntr,Specific Zoning: Rexburg-Community Business Cnt

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Central Air

Exterior

Garage Spaces 30.0

View Y/N No

Roof Type Membrane,Metal

Garage No

Private Pool No

Building

Lot Description Concrete Curbing, Established Lawn, Sprinkler System Full

Foundation Slab

Sewer Public Sewer

Water Public

Others

Security Features Fire Alarm,Fire Supression,Security System

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Real Estate Two70

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Valorie Blanchard

+1(208) 403-1859

Broker Associate

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156 N 2nd E Rexburg, ID 83440

Valorie Blanchard

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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