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Located in Belgrade near the Yellowstone Bozeman International Airport, this three-acre commercial property features a 1,500 SF steel warehouse with an integrated second-level 1 bedroom/1 bathroom apartment. The warehouse is 50 x 30 with an 18 clear span ceiling and includes an office, bathroom, and mechanical room on the ground level. The property is serviced by three-phase power, natural gas, propane, a private well, an on-site septic system, and two water hydrants. Additionally, there is a separate 1 bedroom/1 bathroom tiny house with a proven rental record. The fully enclosed barnwood fence provides privacy and security. With approximately 10% of the property improved, the significant amount of surplus land with utility services in place makes this property ideal for an owner-user, a tenant needing ample secure yard space, or a developer interested in additional buildings, such as an office/warehouse flex development. Its proximity to I-90, the City of Belgrade, and Bozeman Yellowstone International Airport makes this property a great fit for many commercial uses. Listing Price based on 7% Cap Rate for warehouse/apartment/tiny house and $7.35 p/SF for the surplus land.

• Sq Footage
  2700
• Acres
  3
• Days on Market
  231

Additional Features

• Building Area Total
  2700
• City
  Belgrade
• Contract Status Change Date
  2024-06-03
• Cumulative Days On Market
  209
• Directions
  From 1-90 W, Take exit 305. Turn right onto N 19th Ave. Turn right onto Springhill Rd. Turn left onto Airport Rd. Turn right onto Spain Bridge Rd. Turn left onto Progressive Dr.
• Heating
  Forced Air, Gas, Propane, Natural Gas
• Heating
  Yes
• Latitude
  45.777646
• Listing Contract Date
  231
• Listing Key
  1076069729
• List Price
  1500000
• Living Area
  2700
• Longitude
  -111.113817
• Lot Size Acres
  3
• Lot Size Square Feet
  130680
• MLS Area Major
  Belgrade
• MLS Area Minor
  3 N - Belgrade Area N of I90
• MLS Status
  Active
• Original List Price
  1500000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  R F G54506
• Parking Features
  Gravel
• Photos Count
  24
• Postal Code
  59714
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Sewer
  Septic Tank
• Standard Status
  Active
• Tax Annual Amount
  6000
• Tax Legal Description
  MINOR SUB 379, S04, T01 S, R05 E, LOT 2, ACRES 3
• Tax Year
  2023
• Unparsed Address
  27 Progressive Drive
• Utilities
  Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Propane, Phone Available, Septic Available, Water Available
• Water Source
  Well
• Year Built
  2017

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