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Vacant Mixed-Use Property with Gymnasium
For Sale
$475,000

502 Poplar Drive, Colstrip, MT 59323

CommercialSale, Colstrip, MT

Property Size39,727 SF
Lot Size6.09 Acres
Price / SF$11.96
Days on Market75

Property Features for 502 Poplar Drive

General Information

Property type Commercial Sale
Property subtype Other
Parking 24
Parking features Special Needs, Open
Interior features Storage
Subdivision Colstrip Original Townsite
Directions Get on I-90 E in Lockwood from 1st Ave N and I-90BL E, follow I-94 E to MT-39 S in Rosebud County. Take exit 87 from I-94 E then follow MT-39 S to 520 Poplar Drive Colstrip, MT 59323
Standard status Active
APN 1825
Size 39,727 SF
Lot size 6.09 Acres

Taxes and HOA fees

Tax Description COLSTRIP ORIGINAL TOWNSITE, S33, T02 N, R41 E, ACRES 6.09, TRACT 28B, COS 0127489
Tax Annual Amount 3500
Legal Description COLSTRIP ORIGINAL TOWNSITE, S33, T02 N, R41 E, ACRES 6.09, TRACT 28B, COS 0127489

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Building Details

Year built 1976
Floors in Building 1
Building materials Brick, Steel, WoodSiding
Roof type Membrane, Flat
Additional Structures Storage
Listing Agency: Keller Williams Yellowstone Properties · Keller Williams Realty
Listed By: Patti Baisch · License #RRE-RBS-LIC-109264
Added: Jul 3 Changed: Sep 12 Last Checked: Sep 15 at 1:06PM
MLS# 359782

Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This vacant mixed-use property at 502 Poplar Drive contains approximately 39,727 square feet on approximately 6.09 acres. Constructed in 1976, the brick, steel, and wood-sided building includes an approximately 4,000-square-foot gymnasium, storage areas, central air, and a flat membrane roof. The interior has supported varied community and commercial functions, including daycare, retail, food pantry operations, salon services, food service, and individual room rentals.

The property is served by public water and public sewer, with open parking that includes special-needs spaces. Its prior school use and subsequent multi-purpose configuration provide a substantial existing footprint for continued commercial occupancy, storage, room-based uses, or redevelopment.

Key Highlights

  • Approximately 39,727 square feet of building area on approximately 6.09 acres
  • Approximately 4,000‑square‑foot gymnasium
  • Vacant building with prior daycare, retail, food service, salon, and room‑rental uses

Property Analytics

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Current Use

Mixed-use properties

Location Intelligence

Trade Area within ½ mile

119
Businesses Nearby

Demographics for 59323, MT

2,129
Population
980
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
97%
High-School Grad
53.4 sq mi
ZIP Area
40
Density / Sq Mi
$86,000
Median Household Income
$56,250
Median Earnings
$632
Median Rent
$193,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Vacant commercial property with adaptable interior space, central air, public utilities, and open parking.
Where is this mixed-use property located?
The property is located at 502 Poplar Drive Colstrip, MT.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 39,727 square feet of building area on approximately 6.09 acres; Approximately 4,000‑square‑foot gymnasium; Vacant building with prior daycare, retail, food service, salon, and room‑rental uses
More about this property
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