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For sale
  • $609,000

    507 W Main St, Rexburg, ID 83440

    3beds
    4,001sqft
    : 
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    Single Family Residence
    Built in 1961
    0.47 Acres Lot
    $590,800 Zestimate®
    $152/sqft
    $-- HOA

    What's special

    Prime corner lotTwo oversized open rooms
    Endless Possibilities on Main Street — Over 4,000 sq ft of Potential! This spacious 4,000+ sq. ft. property sits on a prime corner lot on Main Street, just steps from Kennedy Elementary School and close to the heart of Rexburg. Previously operated as a licensed daycare center, this building offers flexible options for the next owner — whether continuing as a childcare facility or transforming it into something entirely new. The main level features a large open room with great natural light — perfect for a gathering space, studio, retail concept, or open-concept living area. Downstairs, you'll find two oversized open rooms ideal for classrooms, recreational areas, offices, or potential future rental suites. Possible Uses (with appropriate zoning or approvals): Reopen as a daycare or preschool (no zoning change required) Convert to student housing or a duplex-style rental property Develop a live/work space (e.g., salon, small business with residence attached) Create a wellness studio, co-op workspace, or community hub Redesign as a spacious single-family home or multi-family investment The property's location and visibility make it an incredible investment for anyone with vision. Its position near schools and businesses ensures consistent traffic and accessibility.
    121 days
    |
    93
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd Smith 208-313-5035,

    The Real Estate Office

    Source: SRMLS,MLS#: 2178667MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 1
      • 1/2 bathrooms: 2
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Family room
      • Level: Basement,Main
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Basement
      • Area: 1560
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Dishwasher, Refrigerator, Gas Water Heater
      • Laundry: In Basement
      Features
      • Flooring: Carpet, Laminate
      • Basement: Finished
      Interior area
      • Total structure area: 4,001
      • Total interior livable area: 4,001 sqft
      • Finished area above ground: 2,441
      • Finished area below ground: 1,560

      Property

      Parking
      • Parking features: No Garage
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 0.47 Acres
      Details
      • Parcel number: RPRXBCA0250001
      • Zoning description: Rexburg-Low Density Resident 1

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Frame, Primary Exterior Material: Brick
      • Foundation: Concrete Perimeter
      • Roof: Metal
      Condition
      • Year built: 1961

      Utilities & green energy

      • Electric: Rocky Mountain Power
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Rexburg

      Financial & listing details

      • Price per square foot: $152/sqft
      • Tax assessed value: $403,830
      • Annual tax amount: $4,083
      • Date on market: 3/7/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $590,800

        $561,000 - $620,000

        $2,239/mo

        Price history

        DateEventPrice
        3/7/2026Listed for sale$609,000$152/sqft
        Source: SRMLS #2178667 Report a problem
        1/1/2026Listing removed$609,000$152/sqft
        Source: SRMLS #2178667 Report a problem
        12/1/2025Price change$609,000-1.6%$152/sqft
        Source: SRMLS #2178667 Report a problem
        10/30/2025Price change$619,000-2.5%$155/sqft
        Source: SRMLS #2178667 Report a problem
        8/2/2025Listed for sale$635,000$159/sqft
        Source: SRMLS #2178667 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,895 -3.8%$403,830 +1.3%
        2024$4,049 -0.1%$398,830 +5.4%
        2023$4,052 $378,410 +4.2%
        2022-- $362,989 +26.8%
        2021$2,369 +37.8%$286,299 +28%
        2020$1,718 +3.6%$223,749 +12.2%
        2019$1,659 -1.5%$199,435 +9.5%
        2018$1,684 -41.2%$182,068 +5%
        2017$2,865 $173,385 +4.6%
        2016$2,865 +12.4%$165,710 +20.2%
        2015$2,549 $137,842 +0.5%
        2013$2,549 $137,092
        2012-- $137,092 -2.8%
        2011-- $141,003

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 83440

        Getting around

        55 / 100
        Somewhat Walkable
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: KENNEDY 321EL
        • Middle: MADISON 321JH
        • High: MADISON 321HS

        Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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