Large Home + 2 Commercial Spaces for Lease in Shelley, Idaho
Address: 370 N State St, Shelley, Idaho (Next to Cox Honey)
Non-Commercial Lease Rate: $2500 per month is only for home rental, fenced patios and backyard. Optional retail building is $500 more and can be retail or service store, bedroom, storage or mother in law apt (you can build to suit). The half acre and commercial service building in back is an optional $750 more.
Commercial Lease Rate: $3,750/month (includes 5-bedroom home + 2 commercial buildings on 0.73 acres)
Available: (Flexible lease terms: 10 months - 5 years)
This rare opportunity combines a spacious 5-bedroom, 2-bathroom home (3,100 sq ft) with two commercial buildings perfect for entrepreneurs, tradespeople, or anyone wanting to eliminate the commute and operate their business from home.
Commercial Building 1: 300 sq ft retail, service, or office space (high visibility on Yellowstone Highway)
Commercial Building 2: 1,250 sq ft warehouse/service space (No garage doors) with bathroom and about acre of flex land
Residential Home: Updated with modern appliances (stove, fridge, microwave, washer/dryer) (home may be used commercially if approved by Landlord and City)
Lot Size: 0.73 acres with plenty of parking and space to grow your business.
See photograph of city-approved businesses for this zoning (heavy commercial).
Businesses must be approved by Landlord and permitted by the city
Liability Insurance will be required
Key Features:
Save thousands by bundling your living and business expenses into one affordable monthly payment.
Skip the triple net expenses that come with traditional commercial leases.
Separate utility meters for home and business (tenant pays utilities).
Pets allowed (2 dogs max, over 2 years old) + chickens welcome!
Very nice fenced and covered area for the littles and pets to play safely
16-zone irrigation system including large garden area.
Signage Post right on Yellowstone, ready for hanging your business sign!
Perfect for:
Retailers, service providers, or e-commerce businesses needing a shop and storage
Families running a home-based business who want space to grow
Families who just want to live on some property with lots of buildings to play in!
Additional Highlights:
Easy access to Highway 91 and Idaho Falls
No smoking/vaping property for clean air living and working
Flexible lease terms: 10 months - 5 years
Very walkable, friendly small town with 6,000 residents
Shelley, Idaho is just outside Idaho Falls and Ammon, which boast over 100,000 people and all the amenities you would want in a city.
Contact Heidi Carson at Carbo Trading Co LLC for more questions or to request an application.
10 months to 5 years negotiable.
Sold
Price Unknown
370 N State St, Shelley, ID 83274
5beds
3,150sqft
Single Family Residence
Built in ----
-- sqft lot
$494,900 Zestimate®
$--/sqft
$2,224 Estimated rent
Home value
$494,900
Estimated sales range
Not available
$2,224/mo
Zestimate® history
Owner options
List your home for rent
$2,224/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,224/mo
Rent Zestimate®
Refinance and save
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Carpet, Tile
Interior area
- Total interior livable area: 3,150 sqft
Property
Parking
- Parking features: Off Street
- Details: Contact manager
Features
- Exterior features: .73 Acres, 2 Dogs over 2 years old allows, Bicycle storage, Fenced and Covered Play Area, Garden, Heating system: Forced Air, Massive Amount of Storage, Not Triple Net!
Details
- Parcel number: RP2047800
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
Community
- Deposit fee: $2,500
- Pet deposit fee: $200
Location
- Region: Shelley
Financial & listing details
- Tax assessed value: $394,257
- Annual tax amount: $12,432
- Date on market: 5/18/2025
- Lease term: 1 Year
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 2/3/2026 | Pending sale | $475,000$151/sqft |
Source: | ||
| 7/24/2025 | Listed for sale | $475,000+31.9%$151/sqft |
Source: | ||
| 7/13/2025 | Listing removed | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/11/2025 | Price change | $2,500-16.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2025 | Price change | $3,000-25%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/18/2025 | Listed for rent | $4,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/22/2025 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 12/5/2024 | Pending sale | $360,000$114/sqft |
Source: | ||
| 10/17/2024 | Price change | $360,000-1.4%$114/sqft |
Source: | ||
| 8/21/2024 | Price change | $365,000-3.9%$116/sqft |
Source: | ||
| 8/3/2024 | Price change | $380,000-5%$121/sqft |
Source: | ||
| 8/1/2024 | Pending sale | $400,000$127/sqft |
Source: | ||
| 7/12/2024 | Price change | $400,000-2.4%$127/sqft |
Source: | ||
| 6/20/2024 | Price change | $409,900-1.2%$130/sqft |
Source: | ||
| 6/3/2024 | Price change | $414,900-2.4%$132/sqft |
Source: | ||
| 5/31/2024 | Listed for sale | $424,900$135/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,432 +526.2% | $394,257 +20.8% |
| 2024 | $1,985 -3.9% | $326,460 |
| 2023 | $2,065 +16.2% | $326,460 +19.7% |
| 2022 | $1,777 -3.1% | $272,779 +24.2% |
| 2021 | $1,834 +2% | $219,640 +5.8% |
| 2020 | $1,798 -4.6% | $207,644 |
| 2019 | $1,886 +12.8% | $207,644 +25% |
| 2018 | $1,672 +0.8% | $166,163 |
| 2017 | $1,659 +3.3% | $166,163 |
| 2016 | $1,606 | $166,163 |
| 2015 | $1,606 | $166,163 |
| 2014 | $1,606 | $166,163 |
| 2012 | -- | -- |
| 2011 | -- | -- |
Find assessor info on the county website
Neighborhood: 83274
Nearby homes
- $--5 bd2 ba3.1k sqft370 N State St #3, Shelley, ID 83274Off Market

- $373,4003 bd2 ba2.3k sqft358 N State St, Shelley, ID 83274Off Market

- $709,700-- bd-- ba-- sqft454 N State St, Shelley, ID 83274Off Market
- $252,5003 bd1 ba1.8k sqft346 N State St, Shelley, ID 83274Off Market

- $298,8003 bd1 ba1.2k sqft346 N State St, Shelley, ID 83274Off Market
- $380,8001 bd1 ba13k sqft326 N State St, Shelley, ID 83274Off Market
- $497,8005 bd3 ba3.7k sqft185 Kirkham Cir, Shelley, ID 83274Off Market
- $358,1003 bd2 ba1.3k sqft175 Kirkham Cir, Shelley, ID 83274Off Market
Nearby schools
GreatSchools rating
- 4/10Hazel Stuart Elementary SchoolGrades: 5-6Distance: 0.6 mi
- 4/10Donald J Hobbs Middle SchoolGrades: 7-8Distance: 0.5 mi
- 6/10Shelley Senior High SchoolGrades: 9-12Distance: 1.2 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$494,900
2% more
+$9,898
With Zillow Showcase(estimated)
$504,798
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$494,900
2% more
+$9,898
With Zillow Showcase(estimated)
$504,798
- Idaho
- Bingham County
- Shelley
- 83274
- 370 N State St