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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 Idaho Falls

$879,900

Overview

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 4 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 rezoned commercial, 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!

General Info

  • MLS ID: 2178763
  • Price: $879,900
  • County: Bonneville
  • Year Built: 1922

Property Info

  • Avg Sqft: 93,393
  • Apx Acres: 2
  • Parcel #: RP03N38E080634
  • Listing Office: Silvercreek Realty Group
  • Buildings: 1
  • # of Restrooms: 0
  • # of Stories: 0
  • Terms: Cash, Conventional, 1031 Exchange
  • Tenant Pays: Other
  • Owner Pays: Electricity, Insurance, Grounds Care, Taxes, Sewer, Trash Collection, Water
  • Overhead Doors: System.Collections.Generic.List`1[System.String]
  • $/SqFt Annually: 0.00
  • Zoning-Specific: General Zoning: Bonneville Resi/ag,Specific Zoning: Bonneville-Ra4-Resid/agricul
  • Parking: Off Street, Parking Lot
  • A/C: None
  • Heat: Propane, Radiant
  • Sewer: Septic System
  • Water: Well
  • Current Use: Other
  • Possible Use: Other

Want to Learn More?

Contact Angie about this property!
Cell Phone  (208) 317-2379
Email  angie@angiedaw.com