725 Front St, Unit Bozeman Bozeman, MT 59715

Located in the rapidly growing Mill District of northeast Bozeman, this investment opportunity includes two parcels totaling approximately 18,600 square feet with frontage on East Cottonwood Road and Front Street. The area is undergoing multiple redevelopment projects, including the Bronkens/Cloverleaf project, Wallace Works, North Ida/East Cottonwood redevelopment, and Block 104. The property is located one block from Wild Crumb Bakery, Treeline Coffee, Finks Deli, and the Wildlands residences. The north parcel, approximately 7,188 square feet, features a renovated 1890s railway warehouse converted into duplex residential units. Each unit comprises four bedrooms and one bathroom, totaling around 1,700 square feet, and are currently leased for $2,500 per month on a short-term basis. Additional parking is available, and these residences may meet workforce housing obligations. The south parcel, approximately 11,500 square feet, includes a storage warehouse of about 4,875 square feet, currently rented at a below-market rate of $1,500 per month on a month-to-month basis. This warehouse is situated at a potential future connection point between the east section of East Cottonwood Road and the original Front Street. The City's Transportation Plan envisions reconnecting and upgrading East Cottonwood's extension into Front Street, including roadways and walking/biking paths. It also serves as a crucial interconnection for sewer, water, and other utilities for the eastern side of the Mill District. Both parcels are zoned as Northeast Historic Mixed-Use (NEHMU), allowing for residential, commercial, retail, and bar/restaurant uses, along with accessory dwelling units (ADUs). Zoning rights are designated for each parcel, and the two lots support property line adjustments or easements to reallocate sizes between the north and south lots. The existing historic warehouse on the north lot is also suitable for renovation into retail, commercial, or office space, making it perfect for a restaurant or brewery, supported by parking in the 60-foot-wide south warehouse.