Montana Commercial Property For Sale

412 E Railroad N Avenue, Manhattan, MT 59741

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For Sale

$925,000

Investment opportunity in Manhattan, Montana, near Bozeman and Yellowstone.

Type:Commercial/Industrial

Property size:

5,376 SF

Price / SF:

$172/SF

HighLights

High Monthly Rental Income: Generates $7,100 per month from the current lease.
Strategic Location: Situated near Bozeman and Yellowstone National Park, attracting both residents and tourists.
Versatile Shop Space: Equipped with three overhead heaters, a dust collector, and an air system, suitable for woodworking, metalworking, or similar trades.
Radiant Heated Offices: Separate offices feature radiant heating for comfortable workspace.
Growing Market: Located in Manhattan, Montana, a small town with a growing economy and strong community support for local businesses.
Community Engagement: Regular events like the Manhattan Potato Festival and farmers markets enhance visibility and customer engagement.

We can help!

Listing Contact

Brady Bergstrom

For Sale

$925,000

Investment opportunity in Manhattan, Montana, near Bozeman and Yellowstone.

Type:Commercial/Industrial

Property size:

5,376 SF

Price / SF:

$172/SF

Added:: Mar 1, 2025
Days on Market:: 473
Last Refresh:: May 20 at 2:16 am

Property Features for 412 E Railroad N Avenue

General Information

Standard status: Active
Size: 5,376 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1982

We can help!

Listing Contact

Brady Bergstrom

Listing agent Brady Bergstrom License #RRE-RBS-LIC-119325

Listing office Corder and Associates, LLC

Listing date Mar 1, 2025

Source Exitrealty

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 Corder and Associates, LLC

HighLights

High Monthly Rental Income: Generates $7,100 per month from the current lease.
Strategic Location: Situated near Bozeman and Yellowstone National Park, attracting both residents and tourists.
Versatile Shop Space: Equipped with three overhead heaters, a dust collector, and an air system, suitable for woodworking, metalworking, or similar trades.
Radiant Heated Offices: Separate offices feature radiant heating for comfortable workspace.
Growing Market: Located in Manhattan, Montana, a small town with a growing economy and strong community support for local businesses.
Community Engagement: Regular events like the Manhattan Potato Festival and farmers markets enhance visibility and customer engagement.

Overview

Located in Manhattan, Montana, this commercial property offers an investment opportunity in a growing market, strategically positioned near Bozeman and Yellowstone National Park. The location benefits from consistent foot traffic from both residents and tourists. The property is equipped with three overhead heaters and separate offices featuring radiant heating. It also includes a dust collector and air system, suitable for woodworking, metalworking, or similar trades. The investment brings in $7,100 per month on its current lease. The property is suitable for retail ventures, with community support for business growth. Local events such as the Manhattan Potato Festival and farmers markets enhance visibility and customer engagement. The property size is 5376 square feet.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$107.7k	$20.04
− Vacancy	−$7.1k	−$1.32
EGI	$100.6k	$18.72
− OpEx	−$35.2k	−$6.55
NOI	$65.4k	$12.17

5,376 SF · lease $20.04/SF/yr · vacancy 6.60% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$934.4K

$817.6K – $1.09M (±1% cap)

NOI $65,406 @ 7.0% cap · market cap 7.07%

Second Best

Retail

$899.9K

$787.5K – $1.05M (±1% cap)

NOI $62,996 @ 7.0% cap · market cap 6.81%

Theoretical Best

Office A

$1.40M

$1.23M – $1.64M (±1% cap)

NOI $98,265 @ 7.0% cap · market cap 10.62%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Manhattan
County: Gallatin
State: Montana
Longitude: -111.328
Latitude: 45.8547

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For sale
Flex space
MT
Manhattan
59741
412 E Railroad N Avenue

What type of property is this?

Flex space - Investment opportunity in Manhattan, Montana, near Bozeman and Yellowstone.

Where is this flex space located?

The property is located at 412 E Railroad N Avenue Manhattan, MT.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: High Monthly Rental Income: Generates $7,100 per month from the current lease.; Strategic Location: Situated near Bozeman and Yellowstone National Park, attracting both residents and tourists.; Versatile Shop Space: Equipped with three overhead heaters, a dust collector, and an air system, suitable for woodworking, metalworking, or similar trades.