1301 17Th St Idaho Falls, ID 83404

This exceptional executive office building, located at 1301 17th Street in Idaho Falls, Idaho, presents a compelling investment opportunity. The 9,500 square foot building, constructed in 1986 and situated in a Commercial/Idaho Falls-PB-profess Busines zoned area, boasts a recently remodeled interior. Currently, the property is 95% leased to a single healthcare organization under a five-year lease generating $162,000 annually. A secondary tenant occupies a smaller space on a month-to-month basis, contributing an additional $1,500 per month in rental income. The asking price is $2,000,000, translating to a price per square foot of $210.53 and a cap rate of 6.5%. The building features a 3,150 square foot below-grade area. This property offers a stable investment with significant upside potential, particularly given the possibility of owner-occupancy in the currently month-to-month leased executive suite. The prime location on 17th Street in Idaho Falls ensures high visibility and accessibility. An adjacent property may also be available for purchase.