27 Progressive Drive
Belgrade, Montana 59714
MLS #392788 | $1,500,000Listing Details
- 2700Sq Footage
- 3Acres
- $1,500,000Price
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.
Click any image to view all 24 images of this property.
Additional Features
- Building Area Total
2700 - City
Belgrade - Contract Status Change Date
2024-06-03 - Cumulative Days On Market
137 - 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
2024-06-03 - Listing Key
1076069729 - List Price
1500000 - Living Area
2700 - Longitude
-111.113817 - Lot Size Acres
3.00000 - 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
Contact So Red About This Listing
Listing Provided By Starner Commercial Real Estate, Michael Reams
Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.
