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About This Home
This 3-bedroom, 2-bathroom single family at 507 W Main Street in Rexburg, ID is listed for $609,000 ($152 per sqft). Built in 1961, the home offers 4,001 sqft of living space on a 0.47 acres lot.
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-fami
ly 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.
Key Features
- Built in 1961
- 0.47 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,257/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
507 W Main Street
Rexburg, ID 83440
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 507 W Main Street is listed at $609,000 ($152/sqft). The estimated monthly payment is $2,639 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 0.47 acre lot.
This property is listed by Todd Smith and can be reached at 2083565050 or tsmith5050@msn.com.














