Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2007
Sq.Footage
33,400
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 7.25% Building & 11,518 SqFt Development parcel.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Hot Water, Radiant Floor, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Common, Paved
-
Pool
No
Area & Lot
-
Lot Size(acres)
2.77
-
Property Type
Commercial Sale
Price
-
Sales Price
$10,518,000
-
Tax Amount
$37,123
-
Zoning
B2
-
Sq. Footage
33, 400
-
Price/SqFt
$314
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Full
-
Sewer
Septic Tank
-
Water Source
Well
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Location
County
Gallatin
Elementary School
Middle School
High School
Listing Courtesy of Evan McCaw , McCaw, DeVries, Steinhauer & Co.
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Founder
Denise Carr
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