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29298596
29298598

105 W Main St, Rexburg, ID 83440

Real Estate Two70
Listed by Real Estate Two70
$1,100,000
137 days on market
Updated 45 days ago

105 W Main Street Rexburg

Details
Property Type Office
Sub Type Creative Office, Medical Office (+1)
Square Footage 5,075
Units 5
Cap Rate 4.32%
NOI $47,548
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 4.32%
Pro-Forma NOI $47,548
Price per SqFt $217
Broker Co-Op Yes
Year Built 1909
Buildings 1
Stories 2
Acreage 0.175
Zoning RX-Form Based
Parking Spaces 8 spaces
Parking Per SqFt 1.58
Investment Type Value Add

Office | 4.32% CAP | 5,075 SqFt

Marketing description

Step into history with this remarkable property at 105 W Main Street, once the home of esteemed philanthropist Mark Austin. Crafted from the same stones as the iconic Rexburg Tabernacle, this building exudes timeless charm and historical significance. Nestled in a high-traffic, high-visibility location, it has operated as a successful chiropractic office for over 30 years, showcasing its versatile potential. This well-preserved gem has maintained many original interior features and exterior features, boasting stunning coffered ceilings, rich woodwork, and unique vintage details. With a basement apartment and an upstairs apartment, both consistently occupied for the past three decades, the property promises steady income streams. Ideal for a business venture or as a pure investment, you can lease out all three levels. Imagine owning a piece of Rexburg's heritage while enjoying modern financial benefits. The unique blend of historical charm and practicality makes this property a rare find. Embrace the opportunity to preserve and profit from this extraordinary piece of real estate history!

Listing Contacts

Real Estate Two70
Listed by Real Estate Two70

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,548.00
$3,962.33/mo

Valuation Metrics

0
DSCR
4.32%
Cap Rate
4.32%
ROI

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Additional Information

Name
Rick Robinson
License
42514
Brokerage
Real Estate Two70
Brokerage Phone
208-360-4688
Title
Real Estate Broker
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