27 Progressive, Belgrade, MT | MLS#:392788

27 Progressive Drive | Belgrade, MT

$1,500,000
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$1,500,000

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Principal & interest
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Property tax
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HOA fees
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Building

2,700
Sq.ft


About 27 Progressive Drive
STATUS: Active
PARKING: 26 Or More
LISTING DATE: Jun 4, 2024
PARKING FEATURES: Gravel
TYPE: Building
YEAR BUILT: 2017
ACRES: 3
LEVELS/STORIES: N/A
AREA: Belgrade
MLS ID: 392788
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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.

Listing courtesy of: Starner Commercial Real Estate

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