406 Railroad Ave, Plains, MT 59859-9597
This exceptional mixed-use property in Plains, Montana, presents a unique investment opportunity. The main building, constructed in 1935, boasts a fully operational medical clinic on the ground floor, featuring exam rooms, a handicapped-accessible bathroom, a spacious waiting area, and a reception desk. A large eat-in kitchen, mudroom, and wood-burning stove complete the main level. Upstairs, discover a large living room, two guest bedrooms, a guest bathroom, and a master suite with its own bathroom, plus an additional office. The expansive basement includes two bonus rooms, a bathroom, a workout area, laundry facilities, and ample storage. The property also includes a separate guest house with a kitchen, living room, dining room, a master bedroom and bathroom upstairs, and an office. The 0.45-acre lot features ample parking, mature landscaping, extensive stonework, raised garden beds, a greenhouse, a pond, and frontage on MT Highway 200. City water and sewer services are available. This property offers a blend of commercial and residential space, ideal for a variety of uses, and is situated in a desirable location in Western Montana. The property's combination of historical charm, modern amenities, and versatile space makes it an attractive investment.
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Costner Care Family Clinic Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.