BIG PICTURE
Commercial
33400.00
FT2
2.77
ACRES
Description
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.PRICE
$10,518,000
FEATURES
- MLS #: 409918
- Lot: 120,661.20 sqft
- Commercial
- Built in 2007
- Cooling: Central Air
- Heating: Gas, Hot Water, Radiant Floor
- Price/sqft: $314.91
