27 Progressive Drive , Belgrade, MT 59714
Belgrade, MT 59714
Description
Located in Belgrade near the Yellowstone Bozeman International Airport, this three-acre commercial property features a 1,500 SF steel warehouse with an integrated second-level 1 bedroom/1 bathroom apartment. The warehouse is 50' x 30' with an 18' clear span ceiling and includes an office, bathroom, and mechanical room on the ground level. The property is serviced by three-phase power, natural gas, propane, a private well, an on-site septic system, and two water hydrants. Additionally, there is a separate 1 bedroom/1 bathroom tiny house with a proven rental record. The fully enclosed barnwood fence provides privacy and security. With approximately 10% of the property improved, the significant amount of surplus land with utility services in place makes this property ideal for an owner-user, a tenant needing ample secure yard space, or a developer interested in additional buildings, such as an office/warehouse flex development. Its proximity to I-90, the City of Belgrade, and Bozeman Yellowstone International Airport makes this property a great fit for many commercial uses. Listing Price based on 7% Cap Rate for warehouse/apartment/tiny house and $7.35 p/SF for the surplus land.
Details
| Mls | 392788 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 185 |
| Listing Provided By | Starner Commercial Real Estate | Michael Reams |
Features
| Sq Feet | 2,700 |
|---|---|
| Zoning | East Gallatin |
| Acreage | 3.00 |
Market Activity 59714
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Learn More About This Property
| State | MT |
|---|---|
| County | Gallatin |
| City | Belgrade |
| Zip Code | 59714 |
| Area | Belgrade |
| Subarea | 3N Belgrade Area N of I90 |
| Listing VS Median (in 59714) | |
Price: $1,500,000 low | high Med: $609,900 SqFt: 2,700 low | high Med: 1,514 $ / SqFt: $556 low | high Med: $403 On Site: 185 low | high Med: 23.000000 | |
