507 W Main St

Rexburg, ID 83440

$609,000
Price
3
Beds
4,001 Sq. Ft.
$152 / Sq. Ft.
4,001
Sq. Ft.
$152
per Sq. Ft.
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Main View

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...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.
  1. Listed by Todd Smith • The Real Estate Office
    P: (208)-313-5035 C: (208)-313-5035 tsmith5050@msn.com

Property Details for 507 West Main Street

Style/Design
Other
Style
One
Subdivision
None
Zoning
Rexburg-Low Density Resident 1
LISTING UPDATED: 04/16/2026 03:40 PM

Property Details for 507 West Main Street

StatusActive
MLS #2178667
Days on Market297
Taxes$4,083 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family
Year Built1961
Lot Size0.47 AC / 20,473 SF
CountyMadison County
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Location

Listing Courtesy of The Real Estate Office
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Building Information for 507 West Main Street

Stories-Year Built1961Building Size-Lot Size0.47 AC / 20,473 SF

Payment Calculator

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$3,375 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,035

Property Taxes

$340

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 507 West Main Street

Summary
Location and General Information
  • County: Madison
Taxes and HOA
  • Number Of Parcel: RPRXBCA0250001
  • Taxes: $4,083.00
  • Tax Year: 2024
  • HO Exempt: Not Exempt
  • HOA YN: No
Parking
  • Attached Garage YN: No
  • Carport YN: No
  • Garage YN: No
  • Parking Features: No Garage
School Information
  • Elementary School: Kennedy 321EL
  • High School: Madison 321HS
  • Middle School: Madison 321JH
Property
Lot Information
  • Main Square Feet: 2441.0
  • Approx Total Square Feet: 4001.0
  • Above Grade Square Feet: 2441.0
  • Below Grade Square Feet: 1560.0
  • Building Area Total: 4001.0
  • Aproximate Acreage: 0.47
  • Lot Size Area: 20473.2
  • Lot Size Square Feet: 20473.2
  • Lot Size Units: Square Feet
  • Basement Square Feet: 1560
  • Lower Square Feet: 0.0
  • Upper Square Feet: 0.0
Farm Information
  • Irrigation: None
Property and Assessments
  • Construction/Status: Frame, Brick
  • Distressed Property: Standard
  • Development Status: See Remarks
  • Approx Year Built: 1961
  • Flood Plain: U
  • Winter Access: Yes
Utilities
  • Natural Gas: Natural Gas
  • Sewer: Public Sewer
  • Water: Public
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter
  • Roof: Metal
Interior Features
  • Heat Source/Type: Natural Gas, Forced Air
  • Air Conditioning: Wall/Window Unit(s)
  • Basement: Finished
  • Appliances Included: Dishwasher, Refrigerator, Gas Water Heater
  • Cooling YN: Yes
  • Flooring: Carpet, Laminate
  • HeatingYN: Yes
Room Information
Bathroom Information
  • Total Full Baths: 1
  • Total Half Baths: 2
  • Bathrooms Total Decimal: 2
  • Total Baths: 3
  • Basement Number of Full Baths: 0
  • Basement Number of Half Baths: 2
  • Number of Lower Full Baths: 0
  • Number of Lower Half Baths: 0
  • Number of Upper Full Baths: 0
  • Number of Upper Half Baths: 0
Bedroom Information
  • Total Bedrooms: 3
  • Basement Number of Bedrooms: 2
  • Number of Lower Bedrooms: 0
  • Number of Upper Bedrooms: 0
Laundry Information
  • LaundryFeatures: In Basement
  • Basement Number of Laundry Rooms: 1
  • Number of Lower Laundry Rooms: 0
  • Number of Main Laundry Rooms: 0
  • Number of Upper Laundry Rooms: 0
Rental
Rental Information
  • Short Term Rental YN: Allowed

Property History for 507 West Main Street

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Price Change

Snake River Regional MLS #2178667

$609,000—
Oct 30, 2025

Price Change

Snake River Regional MLS #2178667

$619,000—
Aug 2, 2025

Listed (Active)

Snake River Regional MLS #2178667

$635,000—
DateEvent & SourcePrice
12/01/2025

Price Change

Snake River Regional MLS #2178667

$609,000
10/30/2025

Price Change

Snake River Regional MLS #2178667

$619,000
08/02/2025

Listed (Active)

Snake River Regional MLS #2178667

$635,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 507 West Main Street

Taxable ValueLand$65,000Additions$338,830Total$403,830
Tax Record2025$3,930 ($327 / month)
Home Facts
Total Finished SqFt4,001 SqFtAbove Grade Finished SqFt4,001 SqFtStories1Lot Size20,691 SqFtStyleMiscellaneous CommercialYear Built1961CountyMADISONAPNRPRXBCA0250001Fireplace TypeHas Fireplace

Schools near 507 West Main Street

This home is within Madison District.
Rating
School
Type
Grades
Distance
Burton Elementary School
Public - PK to 4
Kennedy Elementary School
Public - K to 4
Madison Junior High School
Public - 7 to 9
Madison Senior High School
Public - 10 to 12
Rating
School
Distance
Burton Elementary School
PublicPK to 4

Kennedy Elementary School
PublicK to 4

Madison Junior High School
Public7 to 9

Madison Senior High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 507 West Main Street, Rexburg, ID 83440

507 West Main Street is a single family home for sale in Rexburg, ID 83440. This property was listed for sale on August 2, 2025 by The Real Estate Office, it's currently listed at $609,000. It has been on the market for a total of 297 days and was last sold on March 12, 1999. This listing's school district is Madison District. Nearby schools include Burton Elementary School, Kennedy Elementary School and Madison Junior High School. 507 West Main Street is a 3-bed, 3-bath, 4,001 sqft single family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Office

Based on information from one of the following Multiple Listing Services: Teton Board Of Realtors, Snake River Regional MLS, Sheridan County Board of REALTORS and Wyoming MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Teton Board Of Realtors, Snake River Regional MLS, Sheridan County Board of REALTORS and Wyoming MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.