$775,000

36 E Main Street, Rexburg, ID 83440

  • 4 beds |
  • 8 baths |
  • 7,200 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1903
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $108/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
Silvercreek Realty Group : 208-523-6111
MLS ID:
2180432
  • Appliances: Separate Water Heaters
  • Basement: Partially FinishedUnfinishedWalk-Out Access
  • A/C: Central AirWall/Window Unit(s)
  • Heating: ElectricNatural GasForced AirSeparate Heat
  • Disability Feature: Handicap Access
  • Parking: Parking spaces: 0
  • Roofing: Membrane
  • General: BrickBrickStuccoWood SidingConcrete PerimeterStone
  • Originating MLS: Snake River
  • County: Madison
  • Zoning: Rexburg Tax 4669 Lot 2 BLK 38RPRRXB10380140
  • Utilities: Separate Power MetersRocky Mountain Power
  • Water: Public
  • Sewer: Public Sewer
  • Source: Snake River

This listing courtesy of Silvercreek Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Adams Elementary School

110 N 2nd E, Rexburg, ID, 83440

Grades KG-4

0.32 miles away

C

Central High School

379 S 2nd E, Rexburg, ID, 83440

Grades 6-12

0.60 miles away

C

Central High School

379 S 2nd E, Rexburg, ID, 83440

Grades 6-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.