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Commercial Income Property with Development Upside
Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels—one improved and one vacant—providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman’s strongest commercial corridors.
The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property’s strong leasing fundamentals and long-term demand.
Property Overview
• Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718
• Property Type: Commercial — Retail, Showroom & Warehouse
• Total Building Size: 33,400 SF (five condo units)
• Land Area: 2.777 acres (two parcels)
• Frontage: 337 feet on US Highway 191 South
• Occupancy: 100% leased

Development Upside
The second parcel is entitled for an additional 11,518-square-foot building, offering immediate development potential along highly visible US-191 frontage. The site is currently vacant and development-ready, subject to verification of current permits and entitlements.

Cap Rate 7.74% Building & 11,518 SqFt Development parcel.

Bozeman

81211/ 13 Gallatin Road

None Beds

None Baths

33,400 Sq.Ft.

$9,900,000

MLS#: 409918

Set in the heart of Moonlight West, the Iron Drive Cabins offer a rare opportunity to own one of the community’s first built-home residences. Designed by Reid Smith Architects, this limited collection of ten contemporary homes reflects the architectural character of Moonlight West while embracing immersive mountain living. Positioned alongside The Reserve golf course, the cabins enjoy direct access to current and future golf amenities, as well as close proximity to the planned fitness facility and outdoor tennis and pickleball courts.

Owners benefit from an adjacent trail system connecting seamlessly to the broader Moonlight West network, ideal for hiking, mountain biking, snowshoeing, and cross-country skiing. Each residence includes a dedicated ski locker at the new Clubhouse, which is currently in the design phase by CLB Architects. Planned Clubhouse amenities include a restaurant and bar, sports bar and private dining room, separate ski and golf locker rooms, pro shop, golf simulators, and panoramic views of Lone Peak, Fan Mountain, and the Spanish Peaks.

Membership in Moonlight Club is available with each Iron Drive Cabin and is required with purchase, offering access to a growing collection of world-class amenities. Thoughtfully sited in a dynamic, recreation-focused setting, the Iron Drive Cabins present a compelling blend of modern convenience, connection, and mountain lifestyle.

Big Sky

TBD Iron Drive 7

4 Beds

4 Baths

4,346 Sq.Ft.

$9,900,000

MLS#: 408316

Nestled in the highly sought-after Ninemile Valley between the Ninemile Divide and Reservation Divide Ranges, this ranch is a secluded haven just 45± minutes to Missoula, home to the University of Montana and an airport. This property is part of a crucial undeveloped wildlife passage between the Rattlesnake Wilderness Area and Mission Range to the northeast and the Selway-Bitterroot Wilderness to the southwest. The 457± deeded
acres, contiguous to Lolo National Forest for about a mile, boast breathtaking views, unparalleled privacy, and almost two miles of fishable Ninemile Creek frontage, creating a quintessential Montana retreat. Acreage ranges from 170± acres of timbered slopes to creek bottom, irrigated lawns, and about 130 acres of irrigated hay meadows. Wildlife traipsing through includes whitetail deer, elk, turkeys, grouse, sandhill cranes, and the occasional wolf. The stunning landscape is only bested by the improvements, including a 3 bedroom/2.5 bathroom 2,970± SF main home, 902± SF log guest cabin, a 12,000± SF barn/recreation center that sleeps 22 that includes a shop and vehicle storage, a rustic cabin with an outhouse, two pole-frame storage buildings, and a sporting clays course.

Huson

31255 Ninemile Road

3 Beds

1 Baths

2,970 Sq.Ft.

$9,495,000

MLS#: 407802

Bozeman

tbd Harper Puckett - Parcels 2 & 3

None Beds

None Baths

122.479 acres

$9,455,000

MLS#: 414406

Spanning 2,100± acres, Two Medicine Legacy Ranch offers a rare blend of history, scale, and natural beauty in the shadow of Glacier National Park. Originally assembled by Hugh Black during the formation of St. Mary and held within the same family for generations, the ranch carries a deep sense of heritage. Over a mile of Two Medicine River frontage provides exceptional low-pressure fishing, while rolling native grass hills are dotted with ponds and framed by parcels of aspen and conifer. Unobstructed panoramic views of Glacier National Park provide a dramatic backdrop, and wildlife is abundant, with elk, deer, moose, bears, wolves, and upland birds frequent visitors.
Fenced for cattle grazing, the ranch is as functional as it is scenic. Rolling meadows, wooded draws, and natural water features support strong agricultural potential alongside outstanding recreational appeal. With power in place and existing grazing income, this is a genuinely turnkey legacy holding. The property’s scale creates a blank canvas for building, whether a custom mountain home overlooking the park, a family retreat, or guest lodging. Recreational opportunities extend well beyond the ranch boundaries. Glacier National Park’s Two Medicine entrance is just a short drive away, offering world-class hiking, wildlife viewing, and backcountry adventure.
Conveniently located west of East Glacier and accessible from Highway 49, the ranch offers both seclusion and easy access. Glacier Park International Airport in Kalispell is roughly 1.5± hours away, and Amtrak’s Empire Builder stops in the historic town of East Glacier Park, just minutes from the property.

None

TBD Highway 49

None Beds

None Baths

2092.37 acres

$9,415,665

MLS#: 412063

Big Sky

TBD Iron Drive 4

4 Beds

4 Baths

3,712 Sq.Ft.

$9,400,000

MLS#: 408318

Bozeman

TBD Fallon

None Beds

None Baths

8.72 acres

$9,300,000

MLS#: 407961

Fully leased investment property for sale. Great location with excellent Jackrabbit visibility just north of the Baxter intersection. Average daily traffic count is over 20,000 on this section of Jackrabbit. This building has eighteen units with an excellent rental history and strong tenant mix. Most units are around 2,300 RSF, an efficient size for many users.

Bozeman

96 Laura Louise Lane

None Beds

None Baths

42,846 Sq.Ft.

$9,300,000

MLS#: 412149

In a private clearing in Beehive Basin, bordered by a protected, non-buildable meadow, a spring-fed creek winds and the Spanish Peaks rise close enough to hold the last light of day. Here, a custom residence by the award winning team at Centre Sky Architecture and Lohss Construction is sited to frame the summits, its great room's glass gable opening toward the high country. The architecture speaks the language of the landscape. Full-log columns and heavy timber trusses carry a standing-seam metal roof, natural wood and board-and-batten siding meet custom stone masonry, and walls of glass dissolve the line between the great room and the meadow beyond. The main level gathers around a wood-burning fireplace, with a kitchen finished in Wolf and Sub-Zero appliances and a walk-in pantry, a dining area, and a living room opening to stunning outdoor spaces.

Beyond is an expanded two-car garage, a mudroom built for the outdoors with storage, laundry, and direct exterior access, and a sanctuary of sauna and shower with a private path to a bluestone patio beside Beehive Creek, a quiet retreat in the sound of moving water. A private mid-level is given entirely to the primary suite, with ensuite bath and its own covered deck. The upper level holds two more guest bedrooms, each with ensuite baths, one with a private loft for a reading nook or children's retreat. A bunk room paired with a family room and private bath completes the level, ready for the next generation of skiers and hikers.

In warmer months, the outdoor spaces become the heart of the home. The covered deck with its outdoor fireplace wraps the great room for shaded morning coffee and long alfresco dinners, while the raised stone patio steps down to a fire feature set among boulders, drawing everyone together as the last light settles over the meadow. The location is the rare kind that offers everything at once: complete privacy and family-centered calm, yet close to all that makes Big Sky memorable.
The Beehive Basin Trail traverses the property, offering direct access to one of the most celebrated hikes in the Northern Rockies. Big Sky Resort delivers some of the finest skiing in North America, and the coveted One&Only Moonlight Basin and Montage Big Sky sit a short drive away, each with exceptional spa and alpine fine dining. The Madison and Gallatin rivers welcome you to the storied fly fishing of Montana, with Yellowstone National Park and the historic Main Street of Bozeman just an hour away.

Big Sky

190 Beehive Basin

4 Beds

4 Baths

3,979 Sq.Ft.

$9,250,000

MLS#: 412140

Situated in the untamed wilderness of Montana, this One&Only Moonlight Basin Private Home offers beautifully designed spaces, all blending in seamlessly with this remarkable landscape of forests and peaks. The five-bedroom residences features 3,670 square feet and amazing outdoor spaces. Offering some of the most remarkable living in all of Big Sky, these contemporary homes boast floor-to-ceiling windows, roaring fireplaces, and timeless finishes. Enveloped by Big Sky's evergreen forests and snow-capped mountains, these expansive residences provide the perfect retreat for family and friends to gather, relax and rejuvenate after a day of adventure in the great outdoors.

Big Sky

#8 One&Only Private Home

5 Beds

1 Baths

3,670 Sq.Ft.

$9,100,000

MLS#: 376288

Set amidst the untouched beauty of Montana’s alpine wilderness, this One&Only Moonlight Basin Private Home is a masterful blend of contemporary design and natural harmony. Surrounded by towering evergreens and dramatic mountain peaks, the residence is thoughtfully crafted to reflect and celebrate its remarkable setting.

This five-bedroom retreat spans approximately 3,670 square feet, offering expansive indoor and outdoor living designed to immerse you in Big Sky’s four-season splendor. Floor-to-ceiling windows frame panoramic views, while roaring fireplaces and timeless finishes create an atmosphere of elevated comfort and understated luxury.

The open-concept layout flows effortlessly from interior gathering spaces to generous terraces and outdoor lounges—perfect for entertaining or unwinding under Montana’s vast skies. Whether enjoying the glow of sunset over the peaks or cozying up after a day of skiing, hiking, or fly fishing, this residence offers the ideal space to gather, recharge, and reconnect.

Located within the exclusive One&Only Moonlight resort, this home offers privileged access to a world-class collection of amenities, including fine dining, wellness, and outdoor adventure—all delivered with the renowned service of One&Only.

This is not just a home—it’s a sanctuary in one of the most awe-inspiring corners of the American West.

Big Sky

#7 One&Only Private Home

5 Beds

1 Baths

3,670 Sq.Ft.

$9,100,000

MLS#: 400714

The SxS Ranch Estate encompasses 161± deeded acres northwest of Bozeman, Montana, with breathtaking views of the Tobacco Root, Bridger, Gallatin, and Madison Mountain ranges. This property is in the private SxS Ranch Reserve and includes a shared recreational interest in 971± total acres. About 1.4 miles of Dry Creek meanders through the east side of the private reserve, providing shared access to exceptional trout-filled water. Much of the property is dedicated to wildlife habitat for pheasants, sharp-tailed grouse, Hungarian partridge, whitetail deer, mule deer, and elk. The SxS Ranch Reserve offers parcels ranging from 68± to 188± acres, each with a thoughtfully placed homesite, creating a landscape of wide-open spaces and breathtaking vistas. Designed by Faure Halvorsen Architects, the four-bedroom, four-bathroom home features traditional architecture, modern technology, and high-end finishes. The centerpiece of the property is the strikingly finished iconic Western barn, while a large equipment shed allows for extra storage. A five-acre building envelope provides opportunities for constructing, discretely sited, another residence. The SxS Ranch Estate will resonate deeply with the discerning buyer(s) who has/have an appreciation for the historical context of the Rocky Mountain West. This is an opportunity to truly own the Last of the Best.

Belgrade

3010 Skinner Road

4 Beds

4 Baths

4,508 Sq.Ft.

$8,995,000

MLS#: 397388

Lone Mountain, Fan Mountain, and the Spanish Peaks create a trifecta of expansive view corridors from this five-bedroom penthouse, the highest residence in the LakeLodge at Moonlight Basin.

Grand picture windows frame the iconic peaks visible from each room in this single-level residence that includes five bedrooms and five and a half baths.The living, dining, and kitchen areas flow together beneath the mountain light, anchored by a fireplace that gathers everyone in after a day outside, while a large deck extends across the southern portion of the residence overlooking the Ulery’s Lake area. Refined finishes keep the interior quiet and warm, letting the landscape carry the room.

But LakeLodge is more than a home. Its offerings include a heated pool, two hot tubs, fitness center, climbing wall and sports court, golf simulator, members' lounge, Three Forks restaurant and bar and is home to Moonlight Outfitters, where you can name your activity and be outfitted perfectly. A private owner's ski locker opens to direct ski-in, ski-out access to Big Sky Resort by way of the Jay Hawk lift. Just beyond, Ulery's Lake Camp, the Moonlight Lodge, and the exclusive Moonlight Golf Course carry the seasons forward, from water and trails in summer to first tracks in winter. Unique to the LakeLodge Residences, owners may extend club access to their rental guests, a rare privilege that supports strong rental demand and invites guests to experience Moonlight in full.

Position, privacy, and access define this penthouse: the epitome of grandeur at the LakeLodge, the views uninterrupted, Big Sky Resort at the door. An opportunity of this kind is exceptional and seldom repeated.

Big Sky

4 Boathouse Way R16/302

5 Beds

1 Baths

2,979 Sq.Ft.

$8,975,000

MLS#: 412062

Incredible 21 acre parcel directly across the street from Montana State University! This parcel has not yet been annexed into the city, currently ag county land. Incredible development potential given the location, high visibility, high traffic count, public transportation routes......this is a highly desirable, rare parcel. Please call today to discuss!

Bozeman

TBD Kagy Boulevard

None Beds

None Baths

21.012 acres

$8,950,000

MLS#: 412878

Price reduced

Big Sky

1200 Towering Pines

6 Beds

4 Baths

11,582 Sq.Ft.

$8,950,000

MLS#: 400400

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