Open Retail Suite in Shopping
For Lease
$16 SF/Yr
203 W Madison Avenue, Belgrade, MT 59714
CommercialLease, Belgrade, MT
Space SizeContact for details
Days on Market47
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
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: Aug 21 at 3:06AM
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 retail suite offers a largely open sales floor plan, supported by an office and two restrooms located toward the rear of the space. A dedicated receiving room is also included, featuring an overhead door for deliveries.
The property is in a high-traffic Belgrade location within the Town and Country shopping center, with established neighbors in the same complex including Jersey Mike’s, Rice, Rosa’s Pizza, and JR’s Lounge.
The layout is designed to support straightforward retail operations, with clear separation between the primary customer area and the back-of-house functions for administration and receiving.
The property is in a high-traffic Belgrade location within the Town and Country shopping center, with established neighbors in the same complex including Jersey Mike’s, Rice, Rosa’s Pizza, and JR’s Lounge.
The layout is designed to support straightforward retail operations, with clear separation between the primary customer area and the back-of-house functions for administration and receiving.
Key Highlights
- Open retail space in the Town and Country shopping center in Belgrade
- Located in the same complex as Jersey Mikes, Rosa's Pizza, Rice, and JRs Lounge
- Most of the building is retail floor space, with an office and two restrooms in the rear
Property Analytics
Property Profile
Current Use
Lease Details
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
Market
Lease Benchmarks for Belgrade, MT
$19 /SF/Yr
Avg Asking Price
$16–$22 /SF/Yr
Price Range
3,876 SF
Avg Space Size
This space is priced 16% below the average of $19 /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 floor with rear office, two restrooms, and a receiving room with overhead door in a Belgrade shopping center.
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: Open retail space in the Town and Country shopping center in Belgrade; Located in the same complex as Jersey Mikes, Rosa's Pizza, Rice, and JRs Lounge; Most of the building is retail floor space, with an office and two restrooms in the rear
