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    FOR SALE
    Commercial real estate

    477 Reese Creek Rd, Belgrade, MT 59714

    1,180 SF 29.87 ac lot Built 1900
    Property ID
    US52-0265404
    Property summary
    AI-generated overview

    This exceptional 29.87-acre property, located approximately six miles north of Belgrade, Montana, and Bozeman's airport, presents a unique investment opportunity. The land boasts easy year-round access and features two separate homes, each with its own well and septic system. One home is a farmhouse currently generating rental income, providing a steady stream of revenue. The second home is a Guerdon manufactured home, also ideal for rental purposes, and includes an oversized, 1,120-square-foot insulated garage. Adding to the property's versatility is a former Foster Creek schoolhouse, now creatively repurposed as a garage on a concrete slab. This charming structure retains its original wainscoting and is equipped with a propane heater. Two additional barns provide ample storage space, but their potential extends far beyond simple storage, offering exciting possibilities for expansion or adaptation. The absence of zoning or covenants allows for a wide range of creative uses, making this property a truly exceptional find. The main house has 1,180 square feet of living space. This property is priced at $3,900,000 and offers a rare blend of established income potential and significant development opportunities.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 1,180 SF
    Lot 29.87 ac (1,301,137 SF)
    UPID US52-0265404
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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