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.
For sale
$609,000
507 W Main St, Rexburg, ID 83440
3beds
4,001sqft
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
- 121 days |
- 93 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Todd Smith 208-313-5035,
The Real Estate Office
Source: SRMLS,MLS#: 2178667
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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
| Date | Event | Price |
|---|---|---|
| 3/7/2026 | Listed for sale | $609,000$152/sqft |
Source: | ||
| 1/1/2026 | Listing removed | $609,000$152/sqft |
Source: | ||
| 12/1/2025 | Price change | $609,000-1.6%$152/sqft |
Source: | ||
| 10/30/2025 | Price change | $619,000-2.5%$155/sqft |
Source: | ||
| 8/2/2025 | Listed for sale | $635,000$159/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $141,003 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 8/10Kennedy Elementary SchoolGrades: K-4Distance: 0.1 mi
- NAMadison Junior High SchoolGrades: 7-9Distance: 1.5 mi
- 10/10Madison Senior High SchoolGrades: 10-12Distance: 1.9 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Idaho
- Madison County
- Rexburg
- 83440
- 507 W Main St





