Montana Real Estate Listings

GET IN TOUCH (I'd love to hear from you!)

  • This field is for validation purposes and should be left unchanged.

MLS #381351

PRICE$2,500,000

Bozeman, Montana

725 E Cottonwood Street & 704 Front Street

Active
725 E Cottonwood Street & 704 Front Street, Bozeman, Montana

34Photos

Taunya Fagan

Let me show you this listing!

Great investment potential at two contiguous, separately deeded parcels in northeast Mill District, the hip, high growth area of Bozeman where a tremendous number of existing and proposed multimillion dollar redevelopment projects are underway. 1 block from Wild Crumb Bakery, Treeline Coffee, Finks Deli and the Wildlands residences as well as nearby proposed redevelopments which include the Bronkens/Cloverleaf project, Wallace Works, N. Ida/East Cottonwood redevelopment and Block 104. Unobstructed views of the Bridgers from the east sides of both lots. The site is held in two adjacent deeded parcels totaling +/- 18,600 sf with frontage along both E.Cottonwood and Front Streets. The +/- 7,188 north lot (704/704.5 Front St.) contains a +/- 3400 sf 1890s railway warehouse which has been converted into duplex residential housing comprised of two recently renovated (2021/2022) 4 bed/1 bath +/-1700 sf units with high ceilings. Each currently rented for $2,600/mo. Extra parking area. The north parcel residences have the potential to be utilized to fulfill workforce housing obligations. The south parcel of +/- 11,500 sf (725 E. Cottonwood) contains +/- 4,875 sf storage warehouse, rented at below mkt. rates for $1500/mo. The south warehouse is situated at the center of the potential future connection point between the east portion of East Cottonwood Road and the original Front St. The Citys Transportation Plan calls for reconnecting and upgrading the extension of East Cottonwood into Front St. for roadway, walking/biking paths, etc. It is also the point of interconnection for sewer, water and other utilities serving the east side of the Mill District. Both parcels are zoned as NEHMU (northeast historic mixed use) which allows for residential, commercial, retail and bar/restaurant uses as well as ADUs. Zoning rights are granted to each individual parcel. Also, two deeded lots offer the ability to use property line adjustments (or easements) to allocate lot sizes between the north and south lots. Tremendous opportunity for the redevelopment of the entire 18,600 sf site with commercial/residential mixed use plus parking. The existing historic warehouse building on the north lot could also be renovated for retail, commercial or office. This site would also be a great location for a potential restaurant or brewery on the north parcel with parking on the 60´wide south warehouse.

  • Sq Footage
    8275
  • Acres
    0.43
  • Days on Market
    373
  • Type: Commercial Sale
  • Subtype: Building
  • Year Built: 1895
  • Price/SqFt: $302

Listing Provided By Berkshire Hathaway - Bozeman, Denise Andres

Additional Features

  • Building Area Total
    8275
  • City
    Bozeman
  • Contract Status Change Date
    2023-04-11
  • Cumulative Days On Market
    259
  • Directions
    Tamarak to Church, E On Cottonwood.
  • Documents Count
    14
  • Latitude
    45.686700
  • Listing Contract Date
    373
  • Listing Key
    1035484271
  • List Price
    2500000
  • Living Area
    8275
  • Longitude
    -111.025071
  • Lot Size Acres
    0.43
  • Lot Size Square Feet
    18731
  • MLS Area Major
    Bozeman City Limits
  • MLS Area Minor
    1 N E - Boz N of Main/ E of 19th
  • MLS Status
    Active
  • Original List Price
    3400000
  • Originating System Name
    S W M T
  • Parcel Number
    R G H3151
  • Photos Count
    34
  • Postal Code
    59715
  • Property Sub Type
    Building
  • Property Type
    Commercial Sale
  • Sewer
    Public Sewer
  • Standard Status
    Active
  • Subdivision Name
    Northern Pacific Addition
  • Tax Annual Amount
    8464
  • Tax Legal Description
    See associated docs for legal description
  • Tax Year
    2022
  • Unparsed Address
    725 E Cottonwood Street & 704 Front Street
  • Utilities
    Sewer Available, Water Available
  • Water Source
    Public
  • Year Built
    1895
Taunya Fagan

Let me show you this listing!

Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.