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We are thrilled to present a unique mixed-use commercial and residential investment opportunity in Big Sky, Montana. This property at 259 Cold Iron offers ample space and the potential for additional construction, enhancing rental revenue or business capacity. Ideal for businesses serving Big Sky, this property eliminates the extra costs of transporting equipment and materials by offering on-site storage and fabrication space. It also includes residential housing for owners and employees, saving them from long and costly commutes. With a history of 100% occupancy and an attractive cap rate, this turn-key investment promises immediate returns. Flexible month-to-month leases on most spaces provide the new owner with the option to occupy as needed. Located minutes from Big Sky’s private clubs, such as Spanish Peaks, Moonlight Basin, and Yellowstone Club, 259 Cold Iron offers convenient access for clients and customers. The nearly one-acre property provides ample parking for vehicles, work trucks, trailers, and light industrial equipment. The 6,000 square feet of mixed-use space includes two commercial warehouse spaces, two 4-bedroom apartments, and two 2-bedroom apartments, one of which has been converted into offices. All residential units are fully furnished and equipped with washers, dryers, and even dishes. Built in 2017 and well-maintained, the building comes with management services, ensuring a hands-off investment experience. Also available is the adjacent property at 301/303 Cold Iron. Building 301 offers almost 3,400 square feet of space, including a large warehouse with 16-foot ceilings, two 14-foot garage doors, two offices, a storage room, a loft area, and a restroom. Building 303, similar to 259, features over 6,200 square feet of mixed-use space, comprising two commercial warehouse spaces, two 2-bedroom apartments, and two 4-bedroom apartments, all fully furnished and equipped. This exceptional property is a rare find in Big Sky, with a unique combination of residential and commercial elements unlikely to be approved in future developments. The Big Sky economy is booming, with a high demand for various residential and commercial services. Contact your agent for a tour of this incredible mixed-use property and seize the opportunity to invest in this growing community.

• Days on Market
  161

Additional Features

• Association Fee
  2089
• Association Fee Frequency
  Annually
• City
  Big Sky
• Co List Agent Direct Phone
  406-539-6060
• Co List Agent Email
  michael@outlaw.realty
• Co List Agent Full Name
  Michael Pitcairn
• Co List Office Name
  Outlaw Realty
• Contract Status Change Date
  2024-07-12
• Cumulative Days On Market
  439
• Directions
  191 South, right on Lazy J, first right on Cold Iron Rd. Located on the west side of road
• Documents Count
  2
• Latitude
  45.247860
• Listing Contract Date
  161
• Listing Key
  1077428710
• List Price
  3400000
• Longitude
  -111.253811
• MLS Area Major
  Greater Big Sky
• MLS Area Minor
  5 C S - Gallatin Canyon South
• MLS Status
  Active
• Original List Price
  3400000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  00 R L F61605
• Parking Features
  Gravel, Paved
• Photos Count
  26
• Postal Code
  59730
• Property Sub Type
  Building
• Property Type
  Commercial Sale
• Standard Status
  Active
• Subdivision Name
  Lazy J South
• Tax Annual Amount
  6791
• Tax Legal Description
  LAZY J SO SUB, S05, T07 S, R04 E, Lot 8, ACRES 0.949, PLAT J-492-A
• Tax Year
  2024
• Unparsed Address
  259 Cold Iron Road
• Year Built
  2017

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