Redevelopment School-to-Multifamily
For Sale
$75,000
410 Colorado Avenue, Laurel, MT 59044
Zoned residential multi-family with two existing buildings for multifamily or condo redevelopment.
Property Size59,040 SF
Lot Size2.07 Acres
Price / SF$1.27
Days on Market69
Property Features for 410 Colorado Avenue
General Information
Standard status
Active
Size
59,040 SF
Lot size
2.07 Acres
Property subtype
Special Purpose
Zoning
Residential Multi-Family
Building Details
Building Size
59,040 SF
Year Built
1910
Tenancy
Single
Listing Agency:
(406) 855-8946
Listed By:
George Warmer, SIOR, CCIM · License #MT #RRE-RBS-LIC-14174
(406) 855-8946
Source:
Cbcmontana
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 5 at 1:52AM
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 George Warmer, SIOR, CCIM
Investment Insights
Based on property information with market context.
This offering includes two buildings totaling 59,050 SF, plus a 90,000 SF lot, built in 1910. The main building was previously used as a school and totals 50,454 SF. A separate auditorium building totals 7,900 SF. The property is currently occupied by Laurel Public Schools, and any future plan would require coordination on an exit strategy or a short-term lease-back, based on arrangements with the buyer.
The property is located at 410 Colorado Avenue in Laurel, MT, and is described as being well-suited for redevelopment into multifamily and/or residential condo use. The City of Laurel has been noted in the remarks as experiencing a shortage of apartment rentals or condos, supporting interest from redevelopment buyers seeking residential conversion opportunities.
For a developer, investor, or owner-user, this configuration presents a practical “shell” redevelopment framework under the existing residential multi-family zoning. Because the space is currently school-occupied, timelines and operating plans should account for the coordination required for transfer of possession. The combination of two structures and the multi-family zoning may allow flexibility in how the site is reimagined for future residential use, subject to applicable approvals and design decisions.
The property is located at 410 Colorado Avenue in Laurel, MT, and is described as being well-suited for redevelopment into multifamily and/or residential condo use. The City of Laurel has been noted in the remarks as experiencing a shortage of apartment rentals or condos, supporting interest from redevelopment buyers seeking residential conversion opportunities.
For a developer, investor, or owner-user, this configuration presents a practical “shell” redevelopment framework under the existing residential multi-family zoning. Because the space is currently school-occupied, timelines and operating plans should account for the coordination required for transfer of possession. The combination of two structures and the multi-family zoning may allow flexibility in how the site is reimagined for future residential use, subject to applicable approvals and design decisions.
Key Highlights
- Two‑building redevelopment site at 410 Colorado Ave in Laurel, MT, currently occupied by Laurel Public Schools
- Includes 59,050 SF total building space: 50,454 SF main building plus 7,900 SF auditorium building
- 90,000 SF lot size
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 59044, MT
12,099
Population
5,247
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
175.1 sq mi
ZIP Area
69
Density / Sq Mi
$86,011
Median Household Income
$40,535
Median Earnings
$983
Median Rent
$317,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - Zoned residential multi-family with two existing buildings for multifamily or condo redevelopment.
Where is this school located?
The property is located at 410 Colorado Avenue Laurel, MT.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Two‑building redevelopment site at 410 Colorado Ave in Laurel, MT, currently occupied by Laurel Public Schools; Includes 59,050 SF total building space: 50,454 SF main building plus 7,900 SF auditorium building; 90,000 SF lot size
