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510 N 2nd E

Rexburg, ID 83440
  • $1,110,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 2181251
UPDATED: 59 min ago
$1,110,000
  • 0
    BEDS
  • 0.63
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,700
    SQFT
  • $195
    $/SQFT
Type:
Commercial
Built:
1990
County:
Area:

School Ratings & Info

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.

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© 2026 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: 2026-01-18T14:23:16.567.
www.coldwellbankertetonvalley.com/homes/171692062
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510 N 2nd E Rexburg, ID 83440

  • Price: $1,110,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 59 min ago
  • MLS #: 2181251
0
Beds
0
Baths
0
½ Baths
0.63
Acres
5,700
SQFT
$195
$/SQFT
1990
Built
County:
Madison
Area:
Rexburg
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.
Exterior Features

Construction And Status Frame Exterior Primary Stucco Foundation Slab Location High Traffic Overhead Doors No Parking Parking Lot Roof Membrane

Interior Features

Air Conditioning Central Air Basement None Heat Source And Type Natural GasForced Air Offices 3 Sq Ft Above Grade 5700 Sq Ft Below Grade 0

Property Features

Actual Annual Gross Income 88009.00 Buildings 1 Cap Rate 7.00 Covenants No Current Use Retail Distressed Property Not Applicable Documents On File Profit and Loss Statement Exclusions AS-IS Extras Handicap AccessHigh Traffic LocationHigh Visibility Flood Plain U Handicap Access Yes Inclusions AS-IS Net Operating Income 77551.90 Owner Pays Other Possible Use Retail Prior Use Retail Property Type Real Estate Only Provider Other Info Rocky Mountain Power Sep Utilities No Sewer Public Sewer Short Term Rental YN Unknown Tax Year 2025 Taxes 6433.00 Tenant Pays Common Area Maintenance 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.
© 2026 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: 2026-01-18T14:23:16.567.
 
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Coldwell Banker Mountain Properties
189 N Main Street, Suite 100
Driggs ID, 83422