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Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $95
Subdivision No Subdivision
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 opportunity in downtown Rexburg, just steps from BYU-Idaho. This 3-story building features a strong income-producing setup with a main-level commercial space (approx. 1,800 SF) leased to an established caf?/restaurant, plus 4 fully rented residential units. Proven performance with consistent occupancy and no vacancy for over 20 years. Multiple income streams from commercial and residential units, plus shared coin-operated laundry. Main floor remodeled in 2024 with updated electrical, plumbing, and modern finishes. HVAC and system upgrades completed. Roof reviewed and in overall good condition with minor maintenance noted. Interior improvements in progress, including drywall updates and unit refresh. Contractor bids available upon request. Value-add opportunity with potential to increase rents. Zoned CBD allowing for a variety of commercial uses. Basement space included for storage and mechanical use. Rent roll available upon request. Price recently adjusted to encourage a sale. Do not disturb tenants or business. Showings by appointment only. Buyer to verify all information.
Location
State ID
County Madison
Area 7200
Zoning General Zoning: Mc Rexburg City Li,Specific Zoning: Madison-Commercial
Interior
Heating Electric, Natural Gas
Cooling Central Air
Flooring Floor Thickness-8 or +
Exterior
Exterior Feature Lighting
Parking Features Off Street
Garage Description Off Street
View Y/N No
Roof Type Built-Up,Membrane
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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Bought with Silvercreek Realty Group
NEARBY SCHOOLS & BUSINESSES
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