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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.
| DAYS ON MARKET | 23 | LAST UPDATED | 3/24/2026 |
|---|---|---|---|
| YEAR BUILT | 1903 | COUNTY | Madison |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Mar 1, '26 | $735,000 |
|---|---|
| Mar 1, '26 - Mar 24, '26 | $695,000 |
| Mar 24, '26 - Today | $689,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| BASEMENT | Unfinished, Walk-Out Access, Yes |
| CONSTRUCTION | Brick, Frame, Stucco, Wood Siding |
| HEAT | Electric, Natural Gas |
| LOT | 2614 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 3660.4 |
| WATER | Public |
| ZONING | MADISON-COMMERCIAL |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Silvercreek Realty Group
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This IDX solution is (c) Diverse Solutions 2026.
