Three-Story Office
For Sale
$1,900,000
1315 E Main Street, Bozeman, MT 59715
B2-zoned commercial building with separate office areas, central air conditioning, and adaptable business space.
Property Size5,616 SF
Price / SF$338.32
Days on Market49
Property Features for 1315 E Main Street
General Information
Standard status
Active
Size
5,616 SF
Property subtype
Commercial
Zoning
B2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,084
Amenities
fireplace
conference room
kitchen
kitchenette
central air conditioning
high ceilings
covered deck
patio
lobby
Building Details
Building Size
5,616 SF
Year Built
1938
Buildings
1
Stories
3
Listing Agency:
Obsidian Realty Group
(406) 995-2404
Listed By:
Eli Kretzmann
(208) 507-1613
Source:
Outlaw
Added: Sep 6
Changed: Oct 10
Last Checked: Oct 23 at 5:37AM
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 Obsidian Realty Group
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Investment Insights
Based on property information with market context.
This three-story office building contains 5,616 square feet on a lot measuring more than a quarter acre. The interior is arranged as separate office areas across three levels, with 15 offices, conference areas, kitchen or kitchenette space, and multiple half bathrooms. A lobby fireplace, high ceilings on the main floor, central air conditioning, and a covered accessibility-friendly deck add functional and distinctive features. The lower level also includes oversized north-facing windows and a walk-out concrete patio.
Located at 1315 E Main Street in Bozeman, the property is zoned B2 within a community business district. The site offers access to a gravel parking area and is described as being near I-90, downtown Bozeman, and Bozeman Deaconess Hospital. The zoning supports a range of retail and service-oriented business uses, including restaurant and medical office applications.
Located at 1315 E Main Street in Bozeman, the property is zoned B2 within a community business district. The site offers access to a gravel parking area and is described as being near I-90, downtown Bozeman, and Bozeman Deaconess Hospital. The zoning supports a range of retail and service-oriented business uses, including restaurant and medical office applications.
Key Highlights
- 5,616‑square‑foot office building on more than a quarter‑acre lot
- Three levels with 15 separate office spaces
- B2 zoning in a community business district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,614
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,280
$1.7M
Cap Rate 7%
$1,180,200
$1.2M
Cap Rate 9%
$917,933
$917.9K
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$117.9K $21.00/SF
− Vacancy
−$7.8K −$1.39/SF
EGI
$110.2K $19.61/SF
− OpEx
−$27.5K −$4.90/SF
NOI
$82.6K $14.71/SF
Area
Gallatin County, MT
Vacancy
6.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,280
Cap Rate 7%
$1,180,200
Cap Rate 9%
$917,933
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,614 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,651 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 59715, MT
37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - B2-zoned commercial building with separate office areas, central air conditioning, and adaptable business space.
Where is this office building located?
The property is located at 1315 E Main Street Bozeman, MT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,616‑square‑foot office building on more than a quarter‑acre lot; Three levels with 15 separate office spaces; B2 zoning in a community business district
