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12 Penny Lane — Gallatin Gateway, Montana
Net Leased Showroom & Fabrication Facility
Single Tenant | Purpose Built | Resort Market Exposure
Offered at $11,307,000.
7.25% Cap Rate
Executive Overview
12 Penny Lane offers investors the opportunity to acquire a fully leased, mission critical commercial facility serving Montana’s premier luxury residential construction markets, including Big Sky, Yellowstone Club, Spanish Peaks, and Moonlight Basin. The property is 100% leased to Earth Elements LLC under a newly structured modified NNN lease that delivers durable income, minimal landlord responsibilities, and built in annual rent growth.
Originally purpose built in 2017 with over $4 million in specialized improvements, the facility functions as a destination showroom, fabrication hub, and corporate headquarters. The building’s highly customized nature significantly reduces tenant relocation risk and provides strong long term income security.
Investment Highlights
• 100% Occupied, Single Tenant Asset
New arm’s length lease with established operating tenant
• Strong In Place Cash Flow
Net Operating Income of approximately $819,726.
• Modified NNN Lease Structure
Flat $3.00/SF expense recovery with no annual reconciliation
• Annual Rent Growth
3% annual escalations on base rent
• Purpose Built, Non Commodity Real Estate
Irreplaceable showroom and fabrication infrastructure
• High Barrier Resort Market Location
Limited competing inventory for comparable uses
• Replacement Cost Support
Insured building replacement value of $7.29M (exclusive of land)
Property Description
Address: 12 Penny Lane, Gallatin Gateway, MT 59730
Property Type: Commercial — Showroom / Fabrication / Warehouse
Total Rentable Area: 38,563 SF (inside wall measurement)
• Office / Showroom: 16,288 SF
• Warehouse / Fabrication: 23,823 SF
The property features a custom architectural façade, extensive glass storefront exposure, and seven fully built out showroom departments serving architects, designers, and high net worth clientele. The rear fabrication area includes advanced CNC machinery, water jet cutting, overhead crane systems, and loading dock access—creating a vertically integrated operational environment.
#409921

Gallatin Gateway

12 Penny Lane Lane

None Beds

None Baths

40,111 Sq.Ft.

$11,307,000

MLS#: 409921

Discover the opportunity to build your Montana dream home on this stunning 19.92 acre parcel in the highly desirable Gallatin River Ranch subdivision. With multiple build sites and spectacular mountain views in nearly every direction, this parcel is a steal at under $300K. Located just 10 minutes from the town of Manhattan, 15 minutes to the airport, and 30 minutes to the booming college town of Bozeman, these lots are close to travel, shopping, dining, and nightlife, while at the same time giving you plenty of privacy and seclusion. Gallatin River Ranch has two private fishing areas and over 1,600 acres of common space to hike or ride your horses. This lot can also be purchased with adjacent lot 33; the two lots are priced at $499,900.
#412794

Manhattan

Lot 39 Gallatin River Ranch

None Beds

None Baths

19.92 acres

$275,000

MLS#: 412794

Spacious bi-level home centrally located in Butte offering 4 bedrooms and 2 full bathrooms. The functional layout features multiple living areas, providing flexibility for everyday living, entertaining, or work-from-home needs. Detached garage adds convenient parking and extra storage. A great opportunity for buyers seeking space, versatility, and a central location.
#410746

Butte

1901 Lafayette

4 Beds

2 Baths

1,820 Sq.Ft.

$359,000

MLS#: 410746

Introducing Bozeman Yards — Bozeman’s most exceptional new address and the highest standard of luxury construction available on the market. Perfectly positioned in the heart of the vibrant Mill Arts District on the Northeast side, Bozeman Yards offers an unrivaled living experience where world-class design, premium finishes, and curated amenities come together in a way that no other development in town can match. These architecturally striking condos feature elevated finishes inspired by Montana’s natural beauty, with oversized windows framing panoramic Bridger Mountain views - each interior space is matched with an equally appealing outdoor space designed for year-round enjoyment. Residents enjoy exclusive access to The Yards Club, a one-of-a-kind private spa and wellness retreat featuring a plunge pool, sauna, cold plunge, fitness studio, and owner’s lounge. With thoughtfully designed landscaping, nearby trail systems, and walkability to both downtown Bozeman and Story Mill Park, this is the most connected, design-forward, and amenity-rich living experience available. Reserved parking, private storage, and a community-focused design complete the vision—Bozeman Yards is truly defining a new standard of excellence.
Contemporary 1-bedroom, 1-bathroom condominium in The Yards, a modern community in Bozeman's Northeast Neighborhood near the Cannery District. Unit 104 offers 1,017 square feet of single-level, lock-and-leave living. Featuring one bedroom, one bathroom and a den, the open main living area connects the spaces designed for easy, low-maintenance ownership.
#413849

Bozeman

805 N Ida Avenue 104

1 Beds

1 Baths

1,017 Sq.Ft.

$950,000

MLS#: 413849

Positioned at the highly visible intersection of Huffine Lane (US Highway 191) and Love Lane, this exceptional commercial offering presents a compelling development opportunity in one of Bozeman’s most active growth corridors. The property has received Preliminary Plat Approval for three commercial lots, providing valuable development flexibility while significantly reducing entitlement risk. M-1 zoning allows for a broad range of commercial uses, further enhancing the property’s versatility and long-term potential. With prominent visibility, excellent accessibility, and a strategic location amid continued commercial and residential expansion, this property is ideally positioned to capitalize on Bozeman’s ongoing growth.
#414178

Bozeman

Lot 2 Huffine Lane

None Beds

None Baths

13.53 acres

$4,950,000

MLS#: 414178

A rare opportunity to own a private hillside overlooking Livingston Montana.  The slope of this parcel inspires creative terraces and split level designs, without sacrificing the view.  Comprised of ten city lots, the southerly orientation provides stunning views of the Absaroka Mountain Range.  The property is a short ten-minute walk to downtown Livingston, where you will find award winning restaurants, bars, art galleries, vintage shops and, if you continue walking, the Yellowstone River.  Paradise Valley, Yellowstone National Park and other outdoor recreation opportunities are a short drive away.  This property is zoned R-II medium density, and is located in a primarily single family residence district. Duplexes and two-family dwellings may also be accommodated on lots of adequate size.  Do not miss this opportunity to own a unique property in the storied town of Livingston, Montana.
#413052

Livingston

TBD W Gallatin Street

None Beds

None Baths

0.8 acres

$199,000

MLS#: 413052

35.1 acres of Wyoming land just a mile south of Montana. If you love mountain views, this property offers huge views of the Beartooth and Absaroka Mountains, plus Heart mountain to the south. Power is along the Cumberland Road, but stops a few hundred feet from the southwest corner of this property.  It is about 2.5 miles northeast of highway 120; access is via a private gravel and dirt road. Maintenance is up to property owners. It is 35 miles north of Cody (pop 10,000), 30 miles northwest of Powell, Wyoming (pop 6500), 70 miles southwest of Billings (pop 120,000) & 30 miles from Red Lodge, Montana (pop 2500). Wildlife here includes mule deer, antelope, whitetails, occasionally elk, as well as sage grouse, chukars and pheasants. 90 miles via the Chief Joseph highway to Yellowstone National Park. Great area for a 2nd home or relocation, maybe even a retirement home far from the city lights. Lots of sun, very little snow. The Clark's Fork of the Yellowstone River is 6 miles away for great fishing. Mild covenants, no HOA. Newer manufactured homes are fine; bring the horses and other livestock as well. Call for a map.  RV currently on the property will be removed by the seller.  Owner will finance with 20% or more down.
#413883

Clark

nhn Cumberland Road

None Beds

None Baths

35.5 acres

$119,900

MLS#: 413883

Charming 1-bedroom, 1-bath bungalow full of potential! This cozy home offers a functional layout and plenty of opportunity to make it your own. With a little love and vision, this property could truly shine. Great opportunity for an investment property, starter home, or project for someone looking to add their personal touch.
#411153

Butte

420 Virginia

1 Beds

1 Baths

649 Sq.Ft.

$107,000

MLS#: 411153

Welcome to this heavenly 237-acre retreat located at the base of the Absaroka Mountain Range on scenic Swingley Road in Park County, Montana. This area has been ranked one of the most sought-after places to live in America. As you explore the wide-ranging acreage you will find a Montana Legacy property to construct your dream home, with stunning views in every direction, including the Bridger and Crazy Mountain Ranges. Here, you will experience a perfect blend of tranquility and convenience as the growing town of Livingston is only 10 minutes away, offering all the amenities you need. If you are looking for a unique evening out, just 30-40 mins down Hwy 89 in Beautiful Paradise Valley there are no shortage of options as you will find the Yellowstone Valley Grill, Sage Lodge, Chico Hot Springs, the Emigrant Outpost, and the Historic Old Saloon. Just a little further, and you will be in the quaint town of Gardiner, standing in front of the Ceremonial Entrance to Yellowstone National Park. Do you love hunting, fishing, or hiking? You are in the perfect place as you can ride your horse to endless acres of public land, the Boulder River is close by, and within a 30-mile radius of your location, you will come upon many access points to the Yellowstone River, and a number of Trailheads for hiking or cross-country skiing. If you love downhill skiing Bridger Bowl is an hour away, as well as the city of Bozeman and the Bozeman International Airport. Whether you're seeking a peaceful retreat, a base for outdoor adventures, or a prime location to build your dream home, this property offers it all! Embrace the opportunity to own your own piece of Montana's stunning natural beauty. Call and schedule a showing with Rick or Wendy!
#411226

Livingston

TBD Bruffey

None Beds

None Baths

237.0 acres

$4,200,000

MLS#: 411226

This two-story home is designed with everyday living in mind. With 3 bedrooms and 2.5 bathrooms, there’s plenty of space for family, guests, or a home office. The main floor features an open layout with a bright kitchen, roomy island, quartz counters, and stainless steel appliances. It flows right into the dining and living areas, patio access make it easy to relax or entertain. Upstairs, the primary suite has its own bathroom and walk-in closet, plus two more bedrooms and a laundry room for convenience. An oversized two-car garage gives you extra room for gear and storage. NOW OFFERED WITH FRIDGE, WASHER AND DRYER. Northwest Crossing is more than a neighborhood—it’s a community. With parks, green spaces, future shops and cafes, plus quick access to downtown Bozeman, Bridger Bowl, and Big Sky, you’ll have the best of Montana right outside your door. Come see why this home is a great fit for both comfort and adventure!
#414865

Bozeman

4926 Compass Lane

3 Beds

2 Baths

1,738 Sq.Ft.

$619,998

MLS#: 414865

Not every property fits into a box... and that's exactly what makes 610 Wheat Field Road so special.
Set on 10 private acres with sweeping Montana views, this one-of-a-kind property offers over 5,300 square feet of thoughtfully designed living space with the flexibility to fit a variety of lifestyles. Whether you're searching for a multi-generational home, space to work remotely, room for long-term guests, or simply a property that gives you the freedom to spread out, this home delivers.
With seven bedrooms, seven bathrooms, multiple living areas, and an upstairs kitchenette, the layout provides endless possibilities while still feeling warm and inviting. The off-grid design offers independence without sacrificing the comforts of home, making it an ideal retreat for those seeking privacy, self-sufficiency, and a little more breathing room.
Outside, you'll find room to explore, recreate, garden, or simply enjoy the peace and quiet that comes with owning acreage in Montana. Here, you'll wake up to big skies, endless views, and the kind of privacy that's becoming increasingly difficult to find.
610 Wheat Field Road isn't just a home, it's an opportunity to create the lifestyle you've been dreaming about.
#412473

Three Forks

610 Wheat Field Road

7 Beds

7 Baths

5,358 Sq.Ft.

$749,900

MLS#: 412473

Located in a residential area near many amenities such as community parks, schools and shopping. This multiplex is very difficult to find in "the flats" area of Butte.  Now a triplex, it has many desirable amenities and one of a kind space in the upper level apartment. This space is combined from two apartments and has 3 bedrooms and two full baths.  The floor plan has been modified for an "open" feel with the kitchen, living room and dining room combined.  Off the living room is a beautiful second story deck with great space for outdoor relaxation. New flooring is an upgrade throughout this area with new paint. The appliances included area new dishwasher, stove hood and stacking washer and dryer. The kitchen has multiple cabinets and an eating area. The front and back stairwell to this apartment are completely rebuilt. On the main level is two single bedroom apartments.  The east unit has all new flooring. There are some upgrades and it has gas forced air heating The back porch is a nice secondary entry. The west side apartment has also been extensively cleaned and is ready for occupancy. It also is a one bed, one bath with a bonus room to the back porch. Heat is provided by gas forced air heat. The main front porch to the lower units has been refurbished. the roof was replaced 10-15 years ago and there are two new windows. Most light fixtures are new. This property was occupied by the owner and family for many years. Great income potential for an investor!
#414206

Butte

1829 Grand

None Beds

None Baths

N/A

$395,000

MLS#: 414206

Price reduced
4483 Glenwood is a well-maintained single-family home with three large bedrooms and two and a half bathrooms laid out on a 6,600 square foot lot located in Bozeman's Westbrook subdivision.  The property includes rustic hickory hardwood floors, oil rubbed bronze accents, undermount sinks, granite counter tops and enamel Masonite Cheyenne style doors.  This immaculate two-story home provides comfort and open living spaces designed to be both functional and stylish with the bedrooms upstairs and a bright, open main level ideal for entertainment.  A comfortable patio sits off the dining room overlooking the beautifully landscaped yard.  Great location is close proximity to walking trails and nearby parks.  Minutes from Meadowlark Elementary and Gallatin High School, MSU, Ferguson Farms and downtown Bozeman.
#413483

Bozeman

4483 Glenwood Drive

3 Beds

2 Baths

1,793 Sq.Ft.

$615,000

MLS#: 413483

1.369 Acres in the heart of 4 corners and priced to sell. This is the perfect piece of ground for any business that requires a central location to serve Gallatin county.
#410409

Bozeman

TBD North Star

None Beds

None Baths

1.369 acres

$750,000

MLS#: 410409

Fully improved, horse-ready property with room to expand just minutes from Dillon.

Situated on 5.01 acres with sweeping 360° views of the Pioneer Mountains, Blacktail Mountains, and distant Tobacco Root range, this well-maintained 2018 home offers 2,852 SF of finished living space plus a partially framed 1,140 SF basement ready for future expansion.

The open-concept main level features a warm and functional layout featuring a spacious kitchen with alder cabinetry, epoxy finished concrete countertops, and a huge pantry. Relax in a comfortable living area anchored by a wood stove, with Central A/C and forced air heat providing year-round comfort.

Upstairs includes four bedrooms and a large bonus/family room over the attached two-car garage, offering flexible living space for a variety of needs.

Designed with usability in mind, the property is fully set up for horse and acreage living:

Perimeter barbless wire fencing
Split rail fenced yard with no-climb wire
Two 40x60 corrals
Feed/tack shed
10+ fruit and ornamental trees
Six raised garden boxes
Irrigated acreage suitable for livestock, hay production, or hobby farming

Located just a few miles north of Dillon, this property offers a rare combination of privacy, usable land, and convenience. 

A true Montana horse property with infrastructure in place, expansive views, and room to grow.
#410968

Dillon

319 Morrison Lane

4 Beds

2 Baths

3,892 Sq.Ft.

$785,000

MLS#: 410968

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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