$1,100,000
$1,100,000
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6 Baths
7,036 SqFt
SOLD DATE : 07/14/2026
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 7,036 sqft
Price per Sqft $156
Subdivision Madison Professional Park-Mad
MLS Listing ID 2181186
Sold Date 07/14/26
Year Built 1998
Annual Tax Amount $7,184
Tax Year 2025
Lot Size 0.526 Acres
Acres 0.526
Property Sub-Type Real Estate Only
Property Description
Professional Office Building-Prime Location Near Madison Memorial Hospital! This 7036 sq ft multi-use office building is situated just one block from Madison Hospital, making it a convenient choice for medical professionals or other office-based businesses. The property is well maintained and is move-in ready for a new owner. Its excellent condition allows for immediate occupancy. Many amenities throughout: Professional reception areas, Multi-use offices, administrative rooms and storage spaces. The main floor is 3518 sq. ft. featuring 10 offices with 3 ADA restrooms. Income Opportunity: A notable advantage is the presence of an existing tenant on the lower level. ADA Accessible entrances with 4 offices, 2 ADA restrooms. This tenant currently leases approx. 1,800 square feet; and pays about market rate, per month, in addition to covering 40% of the Common Area Maintenance (CAM) costs. This provides a reliable source of cash flow to offset ownership expenses. Additional 900 sq. ft. is available downstairs. These spaces present flexible options for the new owner to either occupy or lease to other tenants. The building features ample parking and signage opportunities, enhancing accessibility for clients and visibility for businesses operating from the location. COME TAKE A LOOK!!
Location
State ID
County Madison
Area 7036
Zoning General Zoning: Rx-Prof Overlay,Specific Zoning: Rexburg-Prof Office Zone
Rooms
Basement Daylight, Egress Windows, Finished, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Exterior
Parking Features Parking Lot
Garage Spaces 25.0
Garage Description Parking Lot
View Y/N No
Roof Type Architectural
Garage Yes
Private Pool No
Building
Lot Description Near Schools, Near University/College, Established Lawn, Many Trees, Sprinkler Auto, Sprinkler System Full, Corner Lot, Sloped
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Eagle Point Realty, LLC
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