Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Block 5 N Forty lot 2 3 4 And 6 Ennis, MT 59729

    View on Map
    For Sale
    $949,000

    COMMERCIAL - Ennis, MT

    Lot size:
    1.15 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for Block 5 N Forty lot 2 3 4 And 6

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0027023319
    Lot size
    1.15 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    NORTH FORTY SUBDIVISION, S33, T05 S, R01 W, BLOCK 5, LOTS 2,3,4 and 6, ACRES 1.15, TOWN PLAT 2/268
    TaxAnnualAmount
    2580

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Andrew Chang

    Listing agent Andrew Chang License #RBS-127533

    Listing office PureWest Real Estate Ennis 1612 W Main, Bozeman, MT

    Listing date Jan 30, 2026

    MLS# 408277 Listing URL

    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.

    Overview

    Ennis, MT Commercial Land

    This offering consists of four Core Commercial-Residential zoned lots, totaling 1.15 acres located in the North Forty subdivision of Ennis, MT. The property benefits from visibility and access to MT Highway 287. City water and sewer services are available. The location offers views towards the Madison Range. Main Street conveniences, the new Madison Foods grocery store, Madison Valley Medical Center, Sure Shot Coffee Co, Ace Hardware, and the Madison Theatre are within walking distance. The location is approximately one hour's drive to Bozeman, Big Sky Resort, and Yellowstone National Park. This property is located in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ennis
    County
    Madison
    State
    Montana
    Longitude
    -111.733373
    Latitude
    45.355971

    Nearby Similar for Sale

    • $500,000

      Montana Land with Water Features

      6.596 acre parcel near Ennis with power and well.
      Noack Road lot: 45Ba, Ennis, MT 59729
      View Details
    • $330,000
      1,056 SF

      Ennis Home with Detached Garage

      Well-maintained home near Ennis amenities, ideal for investment or starter.
      528 W Hugel, Ennis, MT 59729
      View Details
    • $949,000

      Ennis, MT Development Opportunity

      Prime commercial land in Ennis, MT with highway access.
      Block 5, N Forty lot: 2, 3, 4 And 6, Ennis, MT 59729
      View Details
    • $175,000

      Hilltop Land with Mountain Views

      5.144-acre lot with views in Shining Mountains I.
      193A Hilltop Trail, Ennis, MT 59729
      View Details
    • $139,000

      Six Acre View Lot

      Six acre lot with 360 degree views of Madison Valley.
      Dry Creek Trail lot: 171, Ennis, MT 59729
      View Details
    • $115,000

      Montana Land with Valley Views

      5.313-acre lot near town with building pad and site plan.
      77 Badger Road, Ennis, MT 59729
      View Details
    • $799,000

      Land in Gravelly Mountains, Montana

      127+/- acres near National Forest with mountain views.
      Parcel 5 Valley View Highlands, Ennis, MT 59729
      View Details
    • $799,000

      Montana Land with Mountain Views

      127+/- acres near National Forest with recreational opportunities.
      Parcel 5 Valley View Highlands, Ennis, MT 59729
      View Details
    • $495,000
      3,600 SF

      New Aircraft Hangar in Ennis, MT

      Professionally constructed 3,600 SF aircraft hangar for sale in Ennis, MT.
      34 Charlie Taxiway, Ennis, MT 59729
      View Details
    • $159,000

      Land in Gravelly Mountains, Ennis

      6.3 acre parcel bordering large ranch with varied topography.
      33 Deerfoot Trail, Ennis, MT 59729
      View Details
    • $995,000

      Commercial Land with Highway Frontage

      Commercial property with highway frontage, mixed-use potential in Ennis, Montana.
      70 W Hwy 287, Ennis, MT 59729
      View Details
    • $225,000

      Ennis, MT Airport Commercial Land

      6.368 acre lot bordering Big Sky/Ennis Airport runway.
      Shining Mountains Air Park lot: 29A, Ennis, MT 59729
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial development opportunity in Ennis, Montana with highway access.
    Where is this commercial land located?
    The property is located at Block 5 N Forty lot 2 3 4 And 6 Ennis, MT.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: 1.15 acres of C‑CR zoned land in the North Forty subdivision.; Prime development opportunity with city water and sewer.; Tremendous visibility and seamless access to MT Highway 287.
    (406) 577-4944
    We can help!
    Listing Contact
    Andrew Chang
    Real Estate License ID: RBS-127533
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!