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    OFF-MARKET
    Commercial real estate

    6532 Us Highway 287, Norris, MT 59745

    1.02 ac lot Built 1905
    Property ID
    US52-0569879
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1905
    Lot 1.02 ac (44,257 SF)
    UPID US52-0569879
    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
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