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Units leased! Downtown mixed-use building with character, income, and flexibility in the historic district. This 8,151-square-foot property features six units of varying sizes, including two front-facing offices, plus a shared common area, kitchenette, conference rooms, A/C, and large windows that let in natural light and downtown views.

An alley-accessed studio apartment creates a true live/work setup or an excellent short-term or long-term rental opportunity. Priced at a pro-forma 6.5% cap rate, the property offers an attractive investment with current cash flow and room to add value.

Set in the historic downtown district with limited use restrictions and strong neighboring businesses, the building suits a range of concepts including professional services, retail, creative studios, residential, medical, or co-working. As a northern gateway to Yellowstone National Park and just a short drive from Bozeman, this location blends small town character with year-round visitor traffic. Floor plans are included in the listing photos. ASK ABOUT SELLER FINANCING OPTIONS.

• Sq Footage
  8151
• Days on Market
  251

Additional Features

• Building Area Total
  8151
• City
  Livingston
• Co List Agent Direct Phone
  406-522-0288
• Co List Agent Email
  jackson.cyr@bhhsmt.com
• Co List Agent Full Name
  Jackson Cyr
• Co List Office Name
  Berkshire Hathaway - Bozeman
• Contract Status Change Date
  2025-12-08
• Cooling
  Central Air
• Cooling
  Yes
• Cumulative Days On Market
  429
• Directions
  Turn right onto 2nd Street and continue south; 126 S 2nd Street will be on your right-hand side shortly after the intersection with Park Street.
• Documents Count
  3
• Heating
  Forced Air
• Heating
  Yes
• Latitude
  45.659922
• Listing Contract Date
  2025-12-08
• Listing Key
  1147643941
• List Price
  895000
• Living Area
  8151
• Longitude
  -110.560447
• MLS Area Major
  Park County
• MLS Area Minor
  6 C - Livingston City Limits
• MLS Status
  Active
• Original List Price
  895000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  0000008700
• Parking Features
  Off Site, Paved, On Street
• Photos Count
  77
• Postal Code
  59047
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Sewer
  Public Sewer
• Standard Status
  Active
• Tax Annual Amount
  12214.00
• Tax Legal Description
  LIVINGSTON ORIGINAL TOWNSITE, S13, T02 S, R09 E, BLOCK 80, LOT 13 - 14
• Tax Year
  2025
• Unparsed Address
  124/126 S 2nd
• Utilities
  Sewer Available, Water Available
• Water Source
  Public
• Year Built
  1934

Let me show you this listing!