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DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY W/ A 10 YEAR LEASE AT 6%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $76,000+ NOI! Don’t be the one to say “You know, I could have owned a part of downtown Belgrade, MT., right on Main Street. But I hesitated when I had the chance. Dirty word, dirty word!” Call on this one today.

• Sq Footage
  4000
• Acres
  0.0746
• Days on Market
  6

Additional Features

• Building Area Total
  4000
• City
  Belgrade
• Contract Status Change Date
  2025-10-27
• Cooling
  None
• Cumulative Days On Market
  1
• Directions
  From Main and Broadway in Belgrade, go West about 1/2 block. It is adjoining the Belgrade Mercantile building on the West side.
• Heating
  Baseboard, Central, Electric, Forced Air, Gas
• Heating
  Yes
• Latitude
  45.776700
• Listing Contract Date
  6
• Listing Key
  1144765922
• List Price
  1200000
• Living Area
  4000
• Longitude
  -111.177524
• Lot Size Acres
  0.0746
• Lot Size Square Feet
  3250
• MLS Area Major
  Belgrade
• MLS Area Minor
  3 B - Belgrade City Limits
• MLS Status
  Active
• Original List Price
  1200000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  R F F14583
• Parking Features
  Paved, On Street
• Photos Count
  20
• Postal Code
  59714
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Sewer
  Public Sewer
• Standard Status
  Active
• Tax Annual Amount
  6878
• Tax Legal Description
  Lot 7, Block 1, Belgrade Original Townsite
• Tax Year
  2024
• Unparsed Address
  23 W Main Street
• Utilities
  Electricity Connected, Natural Gas Available, Sewer Available, Water Available
• Water Source
  Public
• Year Built
  1904

Let me show you this listing!