Retail Space With Receiving
For Lease
$16 SF/Yr
203 W Madison Avenue, Belgrade, MT 59714
CommercialLease, Belgrade, MT
Space SizeContact for details
Days on Market92
Property Features for 203 W Madison Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
DD
Directions
Next door to Town and Country in Belgrade, on the NE corner of Jackrabbit and Madison.
Subdivision
3B - Belgrade City Limits
Standard status
Active
APN
RFF26202
Size
5,800 SF
Taxes and HOA fees
Tax Description
Suite A1 of CALDWELL ADD, S01, T01 S, R04 E, BLOCK 24 & 25, ACRES 1.533, PARCEL 2 PLUS VACANT STREETS & ALLEYS PLAT D-10-D
Legal Description
Suite A1 of CALDWELL ADD, S01, T01 S, R04 E, BLOCK 24 & 25, ACRES 1.533, PARCEL 2 PLUS VACANT STREETS & ALLEYS PLAT D-10-D
Amenities
office
restrooms
receiving room with overhead door
Listing Agency:
Starner Commercial Real Estate
(406) 586-0302
Listed By:
Tom Starner · License #BRO-12265
(406) 539-0717
Added: Jul 6
Changed: Aug 19
Last Checked: Oct 5 at 3:06PM
MLS# 412810
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,800-square-foot retail space is located within the Town and Country shopping center in Belgrade. The layout is primarily open sales floor, with an office and two restrooms positioned at the rear. A receiving room with an overhead door adds a practical service component for deliveries and inventory handling.
The space shares the shopping center with Jersey Mike’s, Rice, Rosa’s Pizza, and JRs Lounge. Its address is 203 W Madison Avenue in Belgrade, Montana.
The space shares the shopping center with Jersey Mike’s, Rice, Rosa’s Pizza, and JRs Lounge. Its address is 203 W Madison Avenue in Belgrade, Montana.
Key Highlights
- 5,800 square feet of retail space
- Primarily open retail floor layout
- Rear office and two restrooms
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 34%
Groceries 26%
Hotels & Casinos 2%
Albertsons
Groceries
47,372 visits/mo
0.2 miles
McDonald's
Dining
24,163 visits/mo
0.1 miles
Exxon
Shops & Services
16,521 visits/mo
0.2 miles
Town Pump
Shops & Services
16,118 visits/mo
0.2 miles
Taco Bell
Dining
15,128 visits/mo
0.1 miles
Demographics for 59714, MT
22,333
Population
10,043
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
418.2 sq mi
ZIP Area
53
Density / Sq Mi
$89,217
Median Household Income
$47,587
Median Earnings
$1,558
Median Rent
$490,000
Median Home Value
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Market
Lease Benchmarks for Belgrade, MT
$17.5 /SF/Yr
Avg Asking Price
$16–$22 /SF/Yr
Price Range
3,161 SF
Avg Space Size
This space is priced 9% below the average of $17.5 /SF/Yr.
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open retail layout includes a rear office, two restrooms, and dedicated receiving access.
Where is this retail space located?
The property is located at 203 W Madison Avenue Belgrade, MT.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 5,800 square feet of retail space; Primarily open retail floor layout; Rear office and two restrooms
