Homes for sale - 510 N 2nd E, Rexburg, ID 83440

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Carlos & Kim Villagomez

villasrealestateteam@gmail.com +1(208) 540-1505

$ 1,110,000

Est. payment | -/mo

5,700 SqFt

Save

$ 1,110,000

Est. payment | -/mo

Save

5,700 SqFt

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $194

MLS Listing ID 2181251

Year Built 1990

Annual Tax Amount $6,433

Tax Year 2025

Lot Size 0.630 Acres

Property Sub-Type Real Estate Only

Property Description

Well located multi tenant neighborhood retail asset situated within the Albertsons and Cal Ranch trade area. The property benefits from strong daily traffic generators, excellent visibility, and convenient access with ample on site parking. The surrounding retail corridor supports consistent foot traffic and repeat customer demand. The tenant mix is service and necessity oriented, supporting stable occupancy and reliable cash flow. Leases provide a clear and straightforward income stream with limited operational complexity. Expense structure is easy to underwrite, making this an attractive asset for investors seeking predictable performance rather than discretionary retail exposure. In place rents offer immediate income with future upside through contractual increases and market rent alignment over time. The property functions as a true neighborhood service center, positioning it well for long term hold investors focused on durability, simplicity, and income stability in a proven retail location.

Location

State ID

County Madison

Area 5700

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

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Cooling Central Air

Inclusions As-Is

Exterior

Parking Features Parking Lot

Garage Description Parking Lot

View Y/N No

Roof Type Membrane

Garage Yes

Private Pool No

Building

Lot Description High Traffic

Foundation Slab

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Real Estate Two70

GET MORE INFORMATION

Carlos & Kim Villagomez

REALTORS®

villasrealestateteam@gmail.com

+1(208) 540-1505

901 Pier View Dr Suite 203, Idaho Falls, ID, 83402, USA

510 N 2nd E Rexburg, ID 83440

Carlos & Kim Villagomez

Key Details

Location

Rooms

Interior

Exterior

Building

Others

510 N 2nd E