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    23 1St Rexburg, ID 83440

    For Sale
    $325,000

    0.43-Acre Lot, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.43-acre property in Rexburg, Idaho, presents a unique investment opportunity. Located at 23 E 1 N, the lot is fully improved and zoned Mixed Use/Low Density Residential 2. Importantly, any proposed use requires a conditional use permit from the city of Rexburg. The property's previous approved use was as a parking lot serving a Main Street business, demonstrating its suitability for similar applications. However, the flexible zoning opens doors to a variety of potential uses, including, but not limited to, continued operation as a parking lot, the development of a vendor food court, or utilization as a sales lot. The property's size and location offer significant potential for diverse commercial ventures. The asking price is $325,000. Prospective buyers are encouraged to investigate the feasibility of their intended use with the city of Rexburg's planning department to ensure compliance with all applicable regulations and obtain necessary permits. This is a rare opportunity to acquire a fully improved commercial lot in a desirable Rexburg location. Serious inquiries only.

    Property Features for 23 1St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    18,731 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kaboom Carpet Cleaners Cleaners Marren's General Store Lived In Apparel Thrift ... Thrift Store Vivid Teeth Whitening Teeth Whitening Service Blue Light Lobby Game Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.7828
    Latitude
    43.82847

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    FAQs

    What type of property is this?
    Commercial real estate - 0.43-Acre Lot, High Potential
    Where is this commercial real estate located?
    The property is located at 23 1St Rexburg, ID.
    What is the asking price?
    The asking price for this property is $325,000.
    (208) 356-8787
    Request Owner's contact information
    23 1St Rexburg, ID 83440
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    Rexburg, ID 83440
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 1St Rexburg, ID 83440
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