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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.

Agent Description

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

1 story
1 full, 2 half
1961

Amenities

A/C

Monthly Cost Estimate

$3,257/mo

20% down · 6.5% · 30 years

Principal$440
Interest$2,639
Insurance$178

Estimates only. Actual payments may vary.

Location

507 W Main Street

Rexburg, ID 83440

Property Details

Flooring

CarpetLaminate

Construction

Frame Brick

Parking

Garage

Heating

Natural GasForced Air

Cooling

Wall/Window Unit(s)Window Unit(s)

Appliances

DishwasherRefrigeratorGas Water Heater

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.

TS

Todd Smith

Agent at The Real Estate Office

(208) 356-5050

Listed by The Real Estate Office

MLS# 2178667· Source: listhub· Updated today

Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

507 W Main Street, Rexburg, ID 83440

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