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 tenants or business. Buyer to verify all information with the city & county offices.
|
DAYS ON MARKET
|
18
|
LAST UPDATED
|
3/1/2026
|
|
YEAR BUILT
|
1903
|
COUNTY
|
Madison
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
|
Prior to Mar 1, '26
|
$735,000
|
| Mar 1, '26 - Today |
$695,000 |
| 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 |
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Listed with Silvercreek Realty Group
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