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 |
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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 |
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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 |
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Parking | Gravel |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Forced Air, Gas, Propane, Natural Gas |
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Fireplace | No |
Has Basement | No |
Additional Information
Date Listed | June 4th, 2024 |
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Days on Market | 213 |
Zoning | NONE - None/Unknown |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Michael Reams |
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Office | Starner Commercial Real Estate |