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    508 Main St Miles City, MT 59301

    Sponsored
    For Sale
    $357,000

    Commercial Building - Miles City, MT

    Property size:
    12,056 SF
    Lot size:
    0.16 Acres
    Days on Market:
    90
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 508 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    1417403311006000
    Interior features
    Flooring- Linoleum, Flooring- Carpet, Elevator(s)
    Exterior features
    View Of City
    Accessibility
    Accessible Elevator Installed
    Size
    12,056 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Smeltzer Auctions & Real Estate (406) 989-1600

    Listing agent Eric Smeltzer (406) 377-1169

    Listing date Oct 8, 2025

    MLS# 331341 Listing URL

    Copyright © 2026 Glendive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Commercial Building in Miles City

    This three-story commercial building, located on Main Street in downtown Miles City, Montana, was originally constructed in 1900 and remodeled in 2009. The building offers approximately 12,056 square feet of space and includes off-street parking in the rear. The 3,750-square-foot main floor, currently rented for $1000 per month, features entrances at both the front and rear of the building. A freight elevator with three stops is present, though it was not operational at the time of inspection. The second floor, accessible via a separate covered stairway with a locked door, includes a large reception area, three office spaces, and two bathrooms. The third floor provides access to the back entrance of the building and contains multiple rooms. The basement houses an updated hot water boiler heating system. According to the main floor tenant, the roof has an updated rubber bladder. Situated on a 0.16-acre lot, this multi-purpose building is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KYUS & KMTA Radio Broadcaster Moran's Custom Leather ... Leather Goods Store Media Consultant - Marks ... Marketing Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miles City
    County
    Custer
    State
    Montana
    Longitude
    -105.8510597
    Latitude
    46.4058084

    Nearby Similar for Sale

    • $7,395,000
      69,081 SF

      Miles City Multifamily Investment Portfolio

      Thriving property management business with nearly 100 units.
      603 Washington St, Miles City, MT 59301
      View Details
    • Contact for pricing
      3,000 SF

      New Retail Space Near Walmart

      1,500 SF retail space with high visibility and ample parking.
      3016 Stower St, Miles City, MT 59301
      View Details
    • $1,150,000
      9,600 SF

      Retail Building on Main Street

      9,600 SF retail building on a 28,000 SF lot.
      2913 Main St, Miles City, MT 59301
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story commercial building in downtown Miles City, Montana.
    Where is this office building located?
    The property is located at 508 Main St Miles City, MT.
    What is the asking price?
    The asking price for this property is $357,000.
    What are key features of this property?
    This property features: - High-visibility location on Main Street in downtown Miles City.; - Multi-purpose, 3-story building with income-generating potential (currently rented main floor).; - Updated hot water boiler heating system and rubber roof.
    (406) 377-1169
    Request Owner's contact information
    508 Main St Miles City, MT 59301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Main St Miles City, MT 59301
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