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
Information provided by Intermountain MLS (IMLS) is deemed reliable but not guaranteed.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Intermountain MLS system. Real estate listings held by brokerage firms other than Evolv Brokerage are marked with the IDX icon.
IDX information is provided exclusively for consumer's personal, non-commercial use, that it may not be used for any purpose other than to identify prospective
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Snake River Regional Multiple Listing Service © 2026.
Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content
Greater Pocatello Association of REALTORS® - All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Evolv Brokerage may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 28, 2026 10:20 PM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating