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    309 Main St Lewistown, MT 59457

    For Sale
    $499,000

    Prime Downtown Location, High Income Potential

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This stunning 7,200 square foot building, designed by Link & Haire in 1913 and meticulously updated since 2006, presents a unique investment opportunity in the heart of Lewistown, Montana. Situated on a 0.04-acre lot at 309 W Main Street, this historical gem boasts beautiful hardwood floors, original trim and doors, and modern amenities including a new roof and boiler. The building's street-level retail space has housed a thriving beauty salon for years, providing a proven track record of success. The second floor, previously used as medical offices and more recently as general office space, offers 1,800 square feet currently available for lease. A residential rental unit with two bedrooms and two bathrooms occupies the top floor, generating consistent rental income. The building features updated plumbing, electrical systems, and a new fire alarm system. Currently generating $2,130 per month in rental income from the first and third floors, this property offers significant potential for increased revenue through strategic leasing of the vacant second floor. Detailed rental history and expense records are available upon request. All showings require prior arrangement. Please respect the privacy of current tenants and refrain from disturbing them. This is a rare chance to acquire a historically significant, income-producing property in a desirable downtown location.

    Property Features for 309 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1913
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewistown
    County
    Fergus
    State
    Montana
    Longitude
    -109.4262
    Latitude
    47.06494

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Downtown Location, High Income Potential
    Where is this commercial real estate located?
    The property is located at 309 Main St Lewistown, MT.
    What is the asking price?
    The asking price for this property is $499,000.
    (406) 580-6511
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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
    309 Main St Lewistown, MT 59457
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