38Photos

Let me show you this listing!

Commercial Income Property with Development Upside
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.

• Sq Footage
  33400
• Acres
  2.77
• Days on Market
  84

Additional Features

• Building Area Total
  33400
• City
  Bozeman
• Contract Status Change Date
  2026-04-01
• Cooling
  Central Air
• Cooling
  Yes
• Cumulative Days On Market
  6
• Directions
  Four Corners Left 191/ Gallatin Road 4/4 Mile West Side of Road.
• Documents Count
  2
• Heating
  Gas, Hot Water, Radiant Floor
• Heating
  Yes
• Latitude
  45.662147
• Listing Contract Date
  2026-04-01
• Listing Key
  1156767868
• List Price
  10518000
• Living Area
  33400
• Longitude
  -111.186368
• Lot Size Acres
  2.77000
• Lot Size Square Feet
  120661
• MLS Area Major
  Greater Bozeman Area
• MLS Area Minor
  2 G - Boz Area Gal Gtwy
• MLS Status
  Active
• Original List Price
  10518000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  F U R N C O N M S T
• Parking Features
  Common, Paved
• Photos Count
  38
• Postal Code
  59718
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Sewer
  Septic Tank
• Standard Status
  Active
• Tax Annual Amount
  37123.00
• Tax Legal Description
  FURNITURE PLAZA CONDO, S14, T02 S, R04 E, RAINBOW SUB AMND LOTS C2A-1 & C2B-1 PLAT D-41Y CONDO MASTER
• Tax Year
  2025
• Unparsed Address
  81211/ 13 Gallatin Road
• Utilities
  Electricity Connected, Natural Gas Available, Septic Available, Water Available
• Water Source
  Well
• Year Built
  2007

Let me show you this listing!