Address
1052 E 129 N, Idaho Falls, ID
Price
$ 779,000
Property Attributes
  • MLS#2178763
  • TypeCommercial
  • Listing Status Pending
  • CountyBonneville
  • CityIdaho Falls
  • NeighborhoodNone
  • Zip83401
  • Style
  • Year Built1922
  • Taxes$ 3586
  • Price$ 779,000
  • Bedrooms0
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage10544
  • Lot Size2.144 Acres
Data Source:
Snake River MLS
Property Description

This one-of-a-kind property is a former schoolhouse reimagined as a unique residence?yet still retains its incredible 2,400 sq ft gymnasium, complete with a built-in trampoline, foam pit, and a whimsical two-story playhouse. Ideal for families, entertainers, or entrepreneurs, the gym is also perfect for events, parties, or rental use by tumbling or dance instructors. The building includes a former classroom with its own bathroom, ideal for a preschool, homeschool setup, or creative studio space. Once home to Coltman Academy Preschool, this property is ready for continued educational use or further residential development. The main living area offers 5 bedrooms and 5 bathrooms, perfect for a large family, co-living arrangement, or Airbnb. A separate 1-bedroom apartment in the basement generates $1,200/month in rental income, ideal for passive income or on-site staff. The massive 7,000 sq ft attic boasts soaring 16-ft ceilings and is ready to be finished into additional living space or even a venue. With the neighboring lot recently changed to multi-use, this property offers exciting potential for future development. Rare, flexible, and full of opportunity?this is more than a home; it's a lifestyle and an investment in one!

Price History
8/7/2025 Listed $899,900
9/20/2025 2$879,900
1/21/2026 9$799,000
4/20/2026 3$779,000

General Features

Sewer Septic System
Heating Propane,Radiant
Cooling None
Roof Metal,Rolled/Hot Mop
Security Features Fire Alarm
Construction Materials Other,Frame,Brick
Exclusions Seller's Personal Property
Year Built 1922
Electric Rocky Mountain Power
Tenant Pays Other
Stories Count 2
Property Subtype Real Estate Only
Tax Year 2024
Current Use Other
OwnerPays Electricity,Insurance,Grounds Care,Taxes,Sewer,Trash Collection,Water
County Bonneville
Property Type Commercial Sale
Association Amenities None
Subdivision Name None
Possible Use Other
Garage Y/N false
Building Features Restrooms
Status Pending
Directions Take Hwy 20 to Lewisville Hwy, North on Lewisville Hwy to 129 N (Coltman Rd), East to property.
City Idaho Falls
Zoning Description General Zoning: Bonneville Resi/ag,Specific Zoning: Bonneville-Ra4-Resid/agricul
Lot Size Units Acres
Lot Size Square Feet 93392.64
Tax Annual Amount 3586
Property Condition Other
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Lease Amount Frequency Monthly
Legal Description Exhibit A

Interior Features

Basement Partial,Partially Finished
Air Conditioning Y/N false
Heating Y/N true
Above Grade Finished Area 5172
Below Grade Finished Area 5372
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 5

Exterior Features

Parking Features Off Street,Parking Lot
Lot Features Interstate Exit/Access,Low Traffic,Established Lawn,Many Trees,Rural
Water Source Well
Lot Size Area 2.144
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 10544
Lot Size Acres 2.144

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 83401

Price
AVG $880K
$780K
Taxes
AVG $16,987
$3,586
Year Built
AVG 2013
1922

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.