Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Retail Space in Laurel Title is generated by Realmo AI

    111 E Main St, Laurel, MT 59044

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $295,000

    2,700 SF open-concept retail space in downtown Laurel.

    Type:Retail
    Property size:
    5,400 SF
    Price / SF:
    $54/SF
    Added:
    Nov 22, 2025
    Days on Market:
    172
    Last Refresh:
    Dec 3 at 5:13 am

    Property Features for 111 E Main St

    General Information

    Standard status
    Active
    Size
    5,400 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Peggy Carter
    Peggy Carter

    Listing agent Peggy Carter License #RRE-BRO-LIC-12627

    Listing office NAI Business Properties

    Listing date Nov 22, 2025

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Business Properties

    HighLights

    • Ready for immediate retail/food‑beverage use: Includes retail counter, plumbed water, and glass rinser.
    • 2,700 SF open‑concept retail space: Offers flexible layout options.
    • Full basement: Extends the entire length of the retail space, providing substantial additional storage or workspace.
    • Prime downtown location: Situated in Laurel's vibrant downtown core.
    • (3) designated parking spots: Provides convenient parking for staff or customers.
    • Historic building (built 1910): A tangible piece of Laurel's history.

    Overview

    Located in the downtown core of Laurel, this property at 111 E Main Street represents a piece of local history, reflecting Laurel's evolution from a railroad boomtown to a commercial center. The property features 2,700 square feet of open-concept retail space, complemented by three designated parking spots in the back. It includes two ADA-compliant restrooms and two multi-purpose rooms. The building also has a full basement that extends the entire length of the retail space. The property is equipped with a working retail counter space, plumbed water for a sink, and a glass rinser, making it suitable for immediate retail or food and beverage use. The property size is 5,400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laurel's Main St. ... Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.770689
    Latitude
    45.6695773

    Nearby Similar for Sale

    • $420,000
      3,600 SF

      Laurel Commercial Property For Sale

      Commercial property in Laurel with two tenant-occupied suites.
      419 W Main, Laurel, MT 59044
      View Details
    • $3,650
      3,744 SF

      Versatile Commercial Shop & Office

      Prime Laurel location, well-equipped for contractors, service businesses, or light industrial.
      1415 E Railroad Street, Laurel, MT 59044
      View Details
    • $280,000
      1,934 SF

      Laurel Duplex with Income Potential

      Charming Laurel duplex with updates, rental income potential.
      516 Pennsylvania Avenue, Laurel, MT 59044
      View Details
    • $2,500,000

      872 Acre Ranch Near Laurel

      872 acre ranch south of the Yellowstone River.
      Grandkids Way, Laurel, MT 59044
      View Details
    • $1,495,000
      3,397 SF

      Laurel Retail Building with Casino

      3,397 SF retail building with redevelopment potential in Laurel, MT.
      315 South 1st Avenue, Laurel, MT 59044
      View Details
    • $420,000
      3,600 SF

      West Main Street Commercial Property

      Commercial property on West Main Street with two tenant suites.
      419 W Main St, Laurel, MT 59044
      View Details
    • $2,300,000
      24,930 SF

      Spacious Industrial Property Near Walmart

      Versatile industrial property with office space and ample parking.
      119 S Washington Ave, Laurel, MT
      View Details
    • $1,585,000

      Laurel Multifamily Property For Sale

      16-unit multifamily property with remodeled and new construction units.
      921 E 4th St | Laurel, MT 59044
      View Details
    • $275,000
      2,250 SF

      Main Street Office/Retail Building

      Prime 2,250 SF office/retail space in downtown Laurel, MT.
      113 E Main St, Laurel, MT 59044
      View Details
    • $499,000
      59 SF

      Laurel Multifamily Redevelopment Opportunity

      Two buildings totaling 59,050 SF on a 90,000 SF lot.
      410 Colorado Avenue Laurel, MT 59044, MT 59044
      View Details
    • $4,600,000
      5 SF

      Prime Industrial Property in Laurel

      High-quality industrial property with interstate frontage and modern amenities.
      1202 E Railroad Street Laurel, MT 59044, MT 59044
      View Details
    • $575,000
      4,100 SF

      Retail Property in Laurel, MT

      Retail property available for sale in Laurel, Montana.
      401 E Main St, Laurel, MT
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,700 SF open-concept retail space in downtown Laurel.
    Where is this retail space located?
    The property is located at 111 E Main St Laurel, MT.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Ready for immediate retail/food‑beverage use: Includes retail counter, plumbed water, and glass rinser.; **2,700 SF open‑concept retail space**: Offers flexible layout options.; **Full basement**: Extends the entire length of the retail space, providing substantial additional storage or workspace.
    (406) 294-6303
    We can help!
    Listing Contact
    Peggy Carter
    Peggy Carter
    Real Estate License ID: RRE-BRO-LIC-12627
    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

    Thank You for Inquiry
    111 E Main St, Laurel, MT 59044
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!