33,400 SqFt
33,400 SqFt
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 33,400 sqft
Price per Sqft $314
MLS Listing ID 409918
Year Built 2007
Annual Tax Amount $37,123
Tax Year 2025
Lot Size 2.770 Acres
Acres 2.77
Property Sub-Type Building
Property Description
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.
Location
State MT
County Gallatin
Area Greater Bozeman Area
Direction Four Corners Left 191/ Gallatin Road 4/4 Mile West Side of Road.
Interior
Heating Gas, Hot Water, Radiant Floor
Cooling Central Air
Fireplace No
Exterior
Parking Features Common, Paved
Utilities Available Electricity Connected, Natural Gas Available, Septic Available, Water Available
Water Access Desc Well
Building
Sewer Septic Tank
Water Well
Others
Tax ID FURNCONMST
Ownership Full
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
Nearby Locations
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