27 Progressive Drive
Belgrade, Montana 59714

MLS #392788 | $1,500,000

Listing 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.

27 Progressive Drive27 Progressive Drive27 Progressive Drive27 Progressive Drive

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.

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