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.
Property Details
Price:
$609,000
MLS #:
2178667
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Listed Date:
Mar 7, 2026
Finished Sq Ft:
4,001
Lot Size:
20,473 sqft / 0.47 acres (approx)
Year Built:
1961
In BasementKennedy 321elMadison 321jhMadison 321hs
Ask a Question
Schools
Elementary School:
KENNEDY 321EL
Middle School:
MADISON 321JH
High School:
MADISON 321HS
Interior
Air Conditioning
Window/Wall Unit(s)
Appliances Included
Dishwasher, Refrigerator, Gas Water Heater
Basement
Finished
Basement # Bedrooms
2
Basement # Family Rms
1
Basement # Half Baths
2
Basement # Laundry Rms
1
Basement Sq Ft
1560
Blw Grade Sq Ft
1560
Heat Source/Type
Natural Gas, Forced Air
Main # Bedrooms
3
Main # Family Rms
1
Main # Full Baths
2
Main # Half Baths
1
Main # Kitchens
1
Main # Living Rms
1
Main Sq Ft
2441
Total Full Baths
1
Total Half Baths
2
Exterior
Foundation
Concrete Perimeter
Irrigation
None
Roof
Metal
Sewer
Public Sewer
Water
Public
Financial
Taxes
$4,083
Map
Community
- Address507 Main Street REXBURG ID
- CityREXBURG
- CountyMadison
- Zip Code83440
Similar Listings Nearby

507 Main Street
REXBURG, ID

