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    OFF-MARKET
    Medical Office Space

    406 Railroad Ave, Plains, MT 59859-9597

    2,523 SF 0.45 ac lot Built 1935
    Individually Owned 8-yr Hold
    Property ID
    US52-0734007
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1935
    Construction WOOD
    Total area 2,523 SF
    Lot 0.45 ac (19,602 SF)
    APN 35-2979-27-1-04-26-0000
    UPID US52-0734007
    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
    Current use
    Occupant on record · Public records
    • Costner Care Family Clinic Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    David S Costner · 8 yrs held
    David S Costner
    since 2018
    2 recorded transactions
    2020
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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