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Property profile & analytics
OFF-MARKET Estimated value $540,000
Retail space

309 Main St Lewistown, MT 59457-2703

5,720 SF 0.04 ac lot Built 1913
Individually Owned Free & Clear
Property ID
US52-0391617
Property summary
AI-generated overview

This stunning 7,200 square foot building, designed by Link & Haire in 1913 and meticulously updated since 2006, presents a unique investment opportunity in the heart of Lewistown, Montana. Situated on a 0.04-acre lot at 309 W Main Street, this historical gem boasts beautiful hardwood floors, original trim and doors, and modern amenities including a new roof and boiler. The building's street-level retail space has housed a thriving beauty salon for years, providing a proven track record of success. The second floor, previously used as medical offices and more recently as general office space, offers 1,800 square feet currently available for lease. A residential rental unit with two bedrooms and two bathrooms occupies the top floor, generating consistent rental income. The building features updated plumbing, electrical systems, and a new fire alarm system. Currently generating $2,130 per month in rental income from the first and third floors, this property offers significant potential for increased revenue through strategic leasing of the vacant second floor. Detailed rental history and expense records are available upon request. All showings require prior arrangement. Please respect the privacy of current tenants and refrain from disturbing them. This is a rare chance to acquire a historically significant, income-producing property in a desirable downtown location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Construction WOOD
Total area 5,720 SF
Lot 0.04 ac (1,786 SF)
Zoning code 6
APN 08-2467-15-1-16-07-0000
UPID US52-0391617
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
Orms Robert
Orms Robert
since 2026
1 recorded transaction
2026
Price N/A
Zoning & alternative use
6 · Lewistown, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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