108 N 11th Avenue 2
Bozeman, Montana 59715

MLS #397002 | $345,000

Listing Details

  • 1510Sq Footage
  • $345,000Price

Conveniently located near Main Street in Bozeman, across from Bozeman High School, this 1,510 SF commercial condo is available for sale or lease. Currently built out for medical use, the efficient layout features a waiting area with reception, six exam rooms, a private office, a resource room, a breakroom with kitchenette, and a single-occupant bathroom. The exam rooms are equipped with built-in sinks and are plumbed for nitrous and oxygen. This ground-floor unit is located above a basement, allowing for mechanical, electrical, and plumbing improvements without cutting into a concrete slab. Primarily accessed through the common area lobby, this unit also offers secondary ingress and egress from within the space, providing employees with access without passing through the waiting area. The building features a full basement with an additional breakroom, a dedicated storage area, and laundry machines. This unit is part of the Professional Arts Condominiums, which comprises five units, primarily occupied by medical and professional service providers. While the current level of finish is moderate, the property is aggressively priced at $227 per SF, allowing a purchaser to invest $100K in improvements while still maintaining a price lower than recent comparable sales. This is an excellent opportunity for an owner-user or investor seeking an income property, offered at a 7% cap rate based on rents of $18 per SF NNN.

Click any image to view all 22 images of this property.

108 N 11th Avenue 2108 N 11th Avenue 2108 N 11th Avenue 2108 N 11th Avenue 2

Additional Features

  • Association Fee
    1800
  • Association Fee Frequency
    Quarterly
  • Building Area Total
    1510
  • City
    Bozeman
  • Contract Status Change Date
    2024-09-25
  • Cooling
    Central Air
  • Cooling
    Yes
  • Cumulative Days On Market
    349
  • Directions
    From I-90 W, Take exit 306 for N 7th Ave. Turn left onto I-90 B L/ N 7th Ave. Turn right onto Durston Rd. Turn left onto N 11th Ave. Destination will be on the right.
  • Heating
    Forced Air
  • Heating
    Yes
  • Latitude
    45.680682
  • Listing Contract Date
    2024-09-25
  • Listing Key
    1088752839
  • List Price
    345000
  • Living Area
    1510
  • Longitude
    -111.051109
  • MLS Area Major
    Bozeman City Limits
  • MLS Area Minor
    1 N E - Boz N of Main/ E of 19th
  • MLS Status
    Active
  • Original List Price
    345000
  • Originating System Name
    S W M T
  • Ownership
    Full
  • Parcel Number
    R G G5637
  • Parking Features
    Common, Paved, On Street
  • Photos Count
    22
  • Postal Code
    59715
  • Property Sub Type
    Condominium
  • Property Type
    Commercial Sale
  • Sewer
    Public Sewer
  • Standard Status
    Active
  • Tax Annual Amount
    2767
  • Tax Legal Description
    PROFESSIONAL ARTS CONDO, S12, T02 S, R05 E, UNIT 2
  • Tax Year
    2023
  • Unit Number
    2
  • Unparsed Address
    108 N 11th Avenue 2
  • Utilities
    Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source
    Public
  • Year Built
    1979

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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