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    309 W Main St, Unit Lewistown Lewistown, MT 59457

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    For Sale
    $475,000

    Mixed-use building with retail, office, and residential spaces.

    Property size:
    7 SF

    Property Features for 309 W Main St

    General Information

    Size
    7 SF

    Building Details

    Year built
    1913

    Source: PureWest Real Estate Agent PureWest Real Estate

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

    Overview

    Historic Warr-Lane Building For Sale

    The Warr-Lane Building, designed by Link & Haire in 1913 and updated beginning in 2006, is located in Lewistown. The restoration includes hardwood floors, original trim and doors, an updated fire alarm system, plumbing and electrical updates, a new boiler, and a new roof. The street level features retail space, which has been used as a beauty salon for several years. The second floor, with 1800 square feet, has been used as doctor's offices and most recently as office space and is currently available for lease. The top floor hosts a residential rental unit with 2 bedrooms and 2 baths and is currently occupied. The property is income producing, with a current income of $2130 per month encompassing the 1st and 3rd floors. The right investor can accommodate many potential uses and tenancies to make it remain income producing. Rental history and expenditures available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -109.4260941
    Latitude
    47.0650336

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail, office, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 309 W Main St, Unit Lewistown Lewistown, MT.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Historical building designed by Link & Haire in 1913, offering unique character and appeal.; - Recent updates since 2006, including new boiler, new roof, updated fire alarm system, plumbing, and electrical.; - Income-producing property generating $2130/month from retail and residential rentals.
    (406) 885-6987
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    309 W Main St, Unit Lewistown Lewistown, MT 59457
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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 W Main St, Unit Lewistown Lewistown, MT 59457
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