Downtown-Zoned Flex
401 E Main Street, Belgrade, MT 59714
For Sale
$1,200,000
Pending
CommercialSale, Belgrade, MT
Property Size4,432 SF
Lot Size1.31 Acres
Days on Market61
Property Features for 401 E Main Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Listing Agency:
Crosscurrent Real Estate
(406) 404-1840
Listed By:
Nick Zimmer · License MT RRE-BRO-LIC-25717
(406) 980-0128
Added: Sep 14
Changed: Oct 23
Last Checked: Nov 13 at 11:06PM
MLS# 415046
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property includes a 4,432-square-foot flex warehouse on 1.309 acres. Built in 1971, the building has two bathrooms, well water, and public sewer. Downtown District zoning supports a range of commercial, retail, and operational uses.
Located at 401 E Main Street in Belgrade, the site has frontage on East Main Street. Interstate 90 access at the Jackrabbit Lane interchange is one mile away, as is Bozeman Yellowstone International Airport. The property is also within the Belgrade Urban Renewal District, where future owners may be able to access Tax Increment Financing for infrastructure upgrades.
Located at 401 E Main Street in Belgrade, the site has frontage on East Main Street. Interstate 90 access at the Jackrabbit Lane interchange is one mile away, as is Bozeman Yellowstone International Airport. The property is also within the Belgrade Urban Renewal District, where future owners may be able to access Tax Increment Financing for infrastructure upgrades.
Key Highlights
- 4,432‑square‑foot flex warehouse on 1.309 acres
- Downtown District zoning
- East Main Street frontage in Belgrade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,886
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,720
$1.1M
Cap Rate 7%
$798,371
$798.4K
Cap Rate 9%
$620,956
$621.0K
Market Conditions
NOI Build-Up for 4,432 SF
Gross rent
$66.5K $15.00/SF
− Vacancy
−$731 −$0.17/SF
EGI
$65.7K $14.83/SF
− OpEx
−$9.9K −$2.23/SF
NOI
$55.9K $12.61/SF
Area
Gallatin County, MT
Vacancy
1.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,720
Cap Rate 7%
$798,371
Cap Rate 9%
$620,956
Alternative Uses
Best Use
Warehouse
$798.4K
$698.6K – $931.4K
NOI $55,886 @ 7.0% cap · market cap 4.66%
Second Best
Flex RnD
$770.3K
$674.0K – $898.7K
NOI $53,921 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,010 @ 7.0% cap · market cap 6.75%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 59714, MT
22,333
Population
10,043
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
97%
High-School Grad
418.2 sq mi
ZIP Area
53
Density / Sq Mi
$89,217
Median Household Income
$47,587
Median Earnings
$1,558
Median Rent
$490,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Belgrade, MT
Properties on Market for Flex space in Belgrade
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- ADOUR Good Food Catering + Events — 20900 Frontage Rd, Belgrade, MT 59714
- Venus Catering — 212 W Main St Suite 3, Belgrade, MT 59714
Frequently Asked Questions
What type of property is this?
Flex space - Downtown District zoning accommodates commercial, retail, and operational uses.
Where is this flex space located?
The property is located at 401 E Main Street Belgrade, MT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,432‑square‑foot flex warehouse on 1.309 acres; Downtown District zoning; East Main Street frontage in Belgrade
