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An exceptional investment opportunity presents itself with this extensively renovated, income-generating mixed-use property within Livingston’s vibrant downtown core. Erected in 1906, the historically significant Montana Block Building is an iconic fixture along Main Street. Architectural Digest acknowledges Livingston as the 19th most beautiful Main Street in America. Encompassing 24,900 square feet, the main floor comprises eight distinct retail spaces, complemented by an ancillary workshop area, with garage door access via the ally, concealed behind one of the retail units, and an office space currently used for short-term rental supply storage. Ascending to the second floor reveals thirteen residential units, comprising a mix of six studios and seven one-bedroom units. Three units maintain long-term lease agreements, while ten units offer fully furnished, short- to medium-term rentals. The sale of the property includes the conveyance of all furnishings and supplies. The building incorporates a full-height basement, which is underutilized, providing rental upside for new owners. Recently completed in 2022, a substantial second-floor renovation has reinvigorated the building, marked by the installation of a new membrane roof and skylights, an upgraded HVAC system servicing the second-story common area, and the integration of new mini-split systems across all residential units. This meticulous transformation includes revealing the original brick facades, installing new flooring, new kitchens, and updating bathrooms. Simultaneously, modernization efforts extended to include extensive plumbing and electrical upgrades, energy efficiency through attic insulation, and the installation of a fully integrated fire alarm system, which communicates with the local fire department. Each commercial space and the three long-term residential units are currently leased, with six commercial units and one long-term residential unit currently subject to leases below market rates, affording new owners additional upside opportunities. The listing Agent must accompany any showings. Showings are only available to qualified buyers. DO NOT DISTURB TENANTS. Financials and leases can be provided with a signed NDA; see associated docs for NDA.

• Sq Footage
  24900
• Acres
  0.241
• Days on Market
  91

Additional Features

• Building Area Total
  24900
• City
  Livingston
• Contract Status Change Date
  2023-12-01
• Cooling
  Central Air, Wall Window Units
• Cooling
  Yes
• Cumulative Days On Market
  87
• Directions
  South on Main Street, Building on Corner 0f Lewis & Main street.
• Documents Count
  2
• Heating
  Forced Air
• Heating
  Yes
• Latitude
  45.660432
• Listing Contract Date
  91
• Listing Key
  1044835547
• List Price
  5450000
• Living Area
  24900
• Longitude
  -110.558426
• Lot Size Acres
  0.241
• Lot Size Square Feet
  10500
• MLS Area Major
  Park County
• MLS Area Minor
  6 C - Livingston City Limits
• MLS Status
  Contingent
• Off Market Date
  2023-12-01
• Original List Price
  5450000
• Originating System Name
  S W M T
• Parcel Number
  0000011380
• Parking Features
  On Street
• Photos Count
  28
• Postal Code
  59047
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Sewer
  Public Sewer
• Standard Status
  Pending
• Tax Annual Amount
  12532
• Tax Legal Description
  LIVINGSTON ORIGINAL TOWNSITE, S13, T02 S, R09 E, BLOCK 96, LOT 30 - 32
• Tax Year
  2022
• Unparsed Address
  201 S Main Street
• Utilities
  Electricity Available, Natural Gas Available, Sewer Available, Water Available
• Water Source
  Public
• Year Built
  1906

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