6532 Us Highway 287, Norris, MT 59745
This remarkable 6748-square-foot mixed-use property, the historic Norris Schoolhouse, presents a unique investment opportunity in Madison County, Montana. Built in 1905, this expansive building sits on a 1.016-acre lot at 6532 US Highway 287 in Norris, MT, zip code 59745. Its prime location offers unparalleled year-round accessibility and breathtaking views, making it exceptionally well-suited for businesses catering to tourism. The property's proximity to several key Montana towns provides significant advantages. A short 15-minute drive to Ennis and a convenient 30-minute drive to Bozeman ensures easy access to a larger population base and ample amenities. Nearby towns such as McAllister, Three Forks, Harrison, and Cardwell further enhance the property's visibility and accessibility. The area boasts abundant outdoor recreational opportunities, including nearby hot springs, attracting a significant number of visitors annually. The building's substantial size allows for a wide range of potential uses, from a boarding house or office spaces to a fitness center or event venue. This versatile property offers the chance to establish a thriving business in a picturesque and accessible location, combining work and leisure in the heart of Montana's stunning landscape. The asking price for this exceptional property is $494,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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