27 Progressive Drive, Belgrade, MT

$1,500,000

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2,700

Square feet

3.00

Acres

About 27 Progressive Drive

Located in Belgrade near the Yellowstone Bozeman International Airport, this three-acre commercial property features a 1,500 SF steel warehouse with an integrated second-level 1 bedroom/1 bathroom apartment. The warehouse is 50' x 30' with an 18' clear span ceiling and includes an office, bathroom, and mechanical room on the ground level. The property is serviced by three-phase power, natural gas, propane, a private well, an on-site septic system, and two water hydrants. Additionally, there is a separate 1 bedroom/1 bathroom tiny house with a proven rental record. The fully enclosed barnwood fence provides privacy and security. With approximately 10% of the property improved, the significant amount of surplus land with utility services in place makes this property ideal for an owner-user, a tenant needing ample secure yard space, or a developer interested in additional buildings, such as an office/warehouse flex development. Its proximity to I-90, the City of Belgrade, and Bozeman Yellowstone International Airport makes this property a great fit for many commercial uses. Listing Price based on 7% Cap Rate for warehouse/apartment/tiny house and $7.35 p/SF for the surplus land.

Features of 27 Progressive Drive

MLS® # 392788
Price $1,500,000
Bathrooms 0.00
Square Footage 2,700
Acres 3.00
Year Built 2017
Type Commercial Sale
Sub-Type Building
Status Active

Community Information

Address 27 Progressive Drive
Area 3N - Belgrade Area N of I90
City Belgrade
County Gallatin
State MT
Zip Code 59714

Amenities

Utilities Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Propane, Phone Available, Septic Available, Water Available
Parking Gravel
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Gas, Propane, Natural Gas
Fireplace No
Has Basement No

Additional Information

Date Listed June 4th, 2024
Days on Market 213
Zoning NONE - None/Unknown
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMichael Reams
OfficeStarner Commercial Real Estate

Listing Map

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