Single-Level Mixed-Use
120 W Main, Manhattan, MT 59741
For Sale
Contact for pricing
Downtown commercial space combines offices, flexible rooms, storage, and private rear parking.
Property Size2,744 SF
Price / SF$0.00
Days on Market49
Property Features for 120 W Main
General Information
Standard status
Size
Total Parking Spaces
Zoning
Additional Details
Road Access
Amenities
Main Street frontage
large windows
ADA-accessible bathrooms
updated lighting
wood floors
fresh paint
bathroom with shower
abundant storage
Listing Agency:
AmeriMont Real Estate
(406) 284-6546
Listed By:
Nancy Clark · License #BRO-63331
(406) 579-9190
Source:
Montanarootsrealty
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 8 at 5:44AM
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 AmeriMont Real Estate
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Investment Insights
Based on property information with market context.
This 2,744 SF single-level commercial property includes two front office areas with Main Street frontage, large windows, wood flooring, updated lighting, and fresh paint in portions of the space. Both offices have ADA-accessible bathrooms. The rear layout adds a large open room, an ADA-accessible public bathroom, a separate bathroom with a shower, substantial storage, and four additional rooms suitable for office, treatment, classroom, or similar layouts.
Located in downtown Manhattan and zoned Central Business District, the property supports a range of commercial applications, including retail, office, medical or professional services, veterinary use, and studio operations. Alley access leads to three private parking spaces behind the building, adding practical convenience for staff and visitors.
Located in downtown Manhattan and zoned Central Business District, the property supports a range of commercial applications, including retail, office, medical or professional services, veterinary use, and studio operations. Alley access leads to three private parking spaces behind the building, adding practical convenience for staff and visitors.
Key Highlights
- 2,744 SF single‑level commercial property
- Central Business District zoning in downtown Manhattan
- Two front offices with Main Street frontage and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,154
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,080
$643.1K
Cap Rate 7%
$459,343
$459.3K
Cap Rate 9%
$357,267
$357.3K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$49.4K $18.00/SF
− Vacancy
−$3.5K −$1.26/SF
EGI
$45.9K $16.74/SF
− OpEx
−$13.8K −$5.02/SF
NOI
$32.2K $11.72/SF
Area
Gallatin County, MT
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,080
Cap Rate 7%
$459,343
Cap Rate 9%
$357,267
Alternative Uses
Best Use
Mixed Use
$539.2K
$471.8K – $629.1K
NOI $37,744 @ 7.0% cap · market cap 290,338.46%
Second Best
Retail
$459.3K
$401.9K – $535.9K
NOI $32,154 @ 7.0% cap · market cap 247,338.46%
Theoretical Best
Office A
$716.5K
$627.0K – $835.9K
NOI $50,156 @ 7.0% cap · market cap 385,815.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 59%
Groceries 41%
Manhattan Ace Hardware
Home Improvements & Furnishings
4,620 visits/mo
0.5 miles
L & F Market
Groceries
3,203 visits/mo
0.2 miles
Demographics for 59741, MT
5,397
Population
2,330
Households
2.3
Avg Household Size
39
Median Age
36%
College-Educated
99%
High-School Grad
164.9 sq mi
ZIP Area
33
Density / Sq Mi
$86,382
Median Household Income
$48,460
Median Earnings
$1,676
Median Rent
$562,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial space combines offices, flexible rooms, storage, and private rear parking.
Where is this mixed-use property located?
The property is located at 120 W Main Manhattan, MT.
What are key features of this property?
This property features: 2,744 SF single‑level commercial property; Central Business District zoning in downtown Manhattan; Two front offices with Main Street frontage and large windows
