Commercial Income Property with Development Upside
Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels"”one improved and one vacant"”providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman's strongest commercial corridors.
The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property's strong leasing fundamentals and long-term demand.
Property Overview
"¢ Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718
"¢ Property Type: Commercial "” Retail, Showroom & Warehouse
"¢ Total Building Size: 33,400 SF (five condo units)
"¢ Land Area: 2.777 acres (two parcels)
"¢ Frontage: 337 feet on US Highway 191 South
"¢ Occupancy: 100% leased
Development Upside
The second parcel is entitled for an additional 11,518-square-foot building, offering immediate development potential along highly visible US-191 frontage. The site is currently vacant and development-ready, subject to verification of current permits and entitlements.
Cap Rate 7.25% Building & 11,518 SqFt Development parcel.
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DAYS ON MARKET
|
7
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LAST UPDATED
|
4/3/2026
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|
YEAR BUILT
|
2007
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COMMUNITY
|
Greater Bozeman Area
|
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COUNTY
|
Gallatin
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STATUS
|
Active
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PROPERTY TYPE(S)
|
Commercial
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|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
Greater Bozeman Area |
| HEAT |
Hot Water, Natural Gas, Radiant Floor |
| LOT |
2.77 acre(s) |
| LOT DIMENSIONS |
2.77 |
| PARKING |
Common, Paved |
| SEWER |
Septic Tank |
| TAXES |
37123 |
| UTILITIES |
Electricity Connected, Natural Gas Available, Water Available |
| WATER |
Well |
| ZONING |
B2 |
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Listing provided by Evan McCaw, McCaw, DeVries, Steinhauer & Co.
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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