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156 N 2nd E

Rexburg, ID 83440
  • $2,300,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 2180597
UPDATED: 81 min ago
$2,300,000
  • 0
    BEDS
  • 1.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,000
    SQFT
  • $115
    $/SQFT
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Prime Investment Opportunity in Rexburg, Idaho Introducing a rare, turn-key investment at 156 N 2nd E, Rexburg, ID"a 20,000 sq ft commercial property featuring a 16,000 sq ft warehouse and 4,000 sq ft of modern office space. The current owner is offering a 5"10 year leaseback, providing immediate and secure rental income of $14,000 per month and delivering a 7% cap rate from day one. This property is positioned for long-term success with versatile commercial/industrial zoning and excellent access to Hwy 20 and regional transport routes. The warehouse offers high-clearance, open-span utility, while the office space supports professional operations in a growing commercial corridor. With stable tenancy already in place, no upfront vacancy risk, and a well-maintained building in a high-demand market, this is a perfect passive-income asset for both seasoned and first-time investors. Seize the chance to own a proven performer in the heart of Idaho's fastest-growing communities.

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© 2025 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than Coldwell Banker Mountain Properties are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2025-12-06T16:23:13.723.
www.coldwellbankertetonvalley.com/homes/169697542
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156 N 2nd E Rexburg, ID 83440

  • Price: $2,300,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 81 min ago
  • MLS #: 2180597
0
Beds
0
Baths
0
½ Baths
1.11
Acres
20,000
SQFT
$115
$/SQFT
1950
Built
County:
Madison
Area:
Rexburg
Property Description
Prime Investment Opportunity in Rexburg, Idaho Introducing a rare, turn-key investment at 156 N 2nd E, Rexburg, ID"a 20,000 sq ft commercial property featuring a 16,000 sq ft warehouse and 4,000 sq ft of modern office space. The current owner is offering a 5"10 year leaseback, providing immediate and secure rental income of $14,000 per month and delivering a 7% cap rate from day one. This property is positioned for long-term success with versatile commercial/industrial zoning and excellent access to Hwy 20 and regional transport routes. The warehouse offers high-clearance, open-span utility, while the office space supports professional operations in a growing commercial corridor. With stable tenancy already in place, no upfront vacancy risk, and a well-maintained building in a high-demand market, this is a perfect passive-income asset for both seasoned and first-time investors. Seize the chance to own a proven performer in the heart of Idaho's fastest-growing communities.
Exterior Features

Construction And Status Existing-Partly Updated Exterior Primary Block Foundation Slab Landscaping Concrete CurbingEstablished LawnSprinkler System Full Off Street Parking 30 Overhead Doors Yes Roof MembraneMetal

Interior Features

Air Conditioning Central Air Basement None Heat Source And Type Natural Gas Offices 5 Restrooms 5 Sq Ft Above Grade 20000 Sq Ft Below Grade 0

Property Features

Buildings 1 Business Name Shelfology Cap Rate 7.00 Covenants No Current Use IndustrialManufacturingOfficeWarehouse Distressed Property Not Applicable Exclusions Seller's personal property Extras Commons AreaFire AlarmFire SupressionHigh Traffic LocationHigh VisibilityNetwork WiringRestroomsSecurity System Flood Plain N Handicap Access No Owner Pays Grounds CareTaxesSnow Removal Price Per Sq Ft Annually 8.4 Prior Use Other Property Type Real Estate Only Provider Other Info Rocky Mountain Power3 Phase440 Volt600 amps or + Sep Utilities No Sewer Public Sewer Short Term Rental YN Not Allowed Tax Year 2024 Taxes 4211.00 Tenant Pays Cable TVCommon Area MaintenanceGasElectricityInsuranceJanitorial ServiceSewerTrash CollectionWater Terms CashConventional1031 Exchange Water Public Winter Access YN Yes Zoning General RX-COMM BUSI CNTR Zoning Specific REXBURG-COMMUNITY BUSINESS CNT

Snake River Regional MLS logo Listing provided courtesy of Real Estate Two70: 8332270270.
© 2025 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than Coldwell Banker Mountain Properties are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2025-12-06T16:23:13.723.
 
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Coldwell Banker Mountain Properties
189 N Main Street, Suite 100
Driggs ID, 83422