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    24 Main St, Unit Three Forks Three Forks, MT 59752

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    For Sale
    $465,000

    Corner-lot commercial building in thriving Three Forks, Montana.

    Property size:
    1 SF

    Property Features for 24 Main St

    General Information

    Size
    1 SF

    Building Details

    Year built
    1950

    Source: PureWest Real Estate Agent PureWest Real Estate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Building on Main

    Located in downtown Three Forks, this commercial property presents an opportunity for ownership. The 1,695 square-foot building, situated on a corner lot with storefront access on Main Street, offers expansion possibilities above and behind the existing structure. The property is currently leased to the Iron Horse Cafe & Pie Shop, recognized as a top restaurant in Three Forks. The current tenant owns all furniture, fixtures, and equipment. Nearby amenities include a golf course, airport, state parks, trail systems, and ponds. The property is located in a thriving town that is attracting numerous new businesses, generating significant foot traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iron Horse Cafe ... American Restaurant

    Suggested Use

    Law Firm Dental Office Clothing Store Pharmacy Spa & Massage Wholesale Shop Kitchen & Bath Accounting Firm HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Three Forks
    County
    Gallatin
    State
    Montana
    Longitude
    -111.5526443
    Latitude
    45.8942164

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    FAQs

    What type of property is this?
    Restaurant - Corner-lot commercial building in thriving Three Forks, Montana.
    Where is this restaurant located?
    The property is located at 24 Main St, Unit Three Forks Three Forks, MT.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Prime corner-lot location on Main Street in downtown Three Forks.; - Currently leased to the acclaimed Iron Horse Cafe & Pie Shop.; - 1,695 square-foot building with expansion possibilities above and behind.
    (406) 885-6987
    Request Owner's contact information
    24 Main St, Unit Three Forks Three Forks, MT 59752
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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
    24 Main St, Unit Three Forks Three Forks, MT 59752
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