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.
Details
MLS#
397002
Listing Type
For Sale
Style
Condominium
Suite Number
2
HOA Dues
$1,800
Sub-Type
Resale
Status
Active
Year
1979
Days On Site
50
Listing Provided By
Starner Commercial Real Estate | Michael Reams
Features
SQ Feet
1,510
Zoning
B2M - Community Business - Mixed
Market Activity 59715
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Oct 2024
Sales: 2
Avg $ Per SqFt: $401.58
Min Sale Price: $710,000
Max Sale Price: $1,100,000
Med Sale Price: $905,000
Date: Sep 2024
Sales: 21
Avg $ Per SqFt: $426.21
Min Sale Price: $350,000
Max Sale Price: $3,340,000
Med Sale Price: $925,000
Date: Aug 2024
Sales: 20
Avg $ Per SqFt: $387.9
Min Sale Price: $399,900
Max Sale Price: $5,800,000
Med Sale Price: $734,500
Date: Jul 2024
Sales: 32
Avg $ Per SqFt: $402.1
Min Sale Price: $695
Max Sale Price: $2,255,000
Med Sale Price: $1,012,500
Date: Jun 2024
Sales: 37
Avg $ Per SqFt: $417.02
Min Sale Price: $14
Max Sale Price: $8,400,000
Med Sale Price: $845,000
Date: May 2024
Sales: 46
Avg $ Per SqFt: $396.01
Min Sale Price: $20
Max Sale Price: $3,600,000
Med Sale Price: $802,500
Date: Apr 2024
Sales: 37
Avg $ Per SqFt: $362.97
Min Sale Price: $11
Max Sale Price: $2,500,000
Med Sale Price: $819,900
Date: Mar 2024
Sales: 10
Avg $ Per SqFt: $383.56
Min Sale Price: $28
Max Sale Price: $3,350,000
Med Sale Price: $943,250
Date: Feb 2024
Sales: 16
Avg $ Per SqFt: $187.09
Min Sale Price: $10
Max Sale Price: $7,625,000
Med Sale Price: $412,500
Date: Jan 2024
Sales: 11
Avg $ Per SqFt: $305.21
Min Sale Price: $14
Max Sale Price: $4,125,000
Med Sale Price: $820,000
Date: Dec 2023
Sales: 5
Avg $ Per SqFt: $420.14
Min Sale Price: $33
Max Sale Price: $6,600,000
Med Sale Price: $2,216,000
Date: Nov 2023
Sales: 2
Avg $ Per SqFt: $1282.05
Min Sale Price: $650,000
Max Sale Price: $1,800,000
Med Sale Price: $1,225,000
Sourced by Back At You
Oct 2024
Sales:
2
Avg $ Per SqFt:
$401.58
Min Sale Price:
$710,000
Max Sale Price:
$1,100,000
Med Sale Price:
$905,000
Sep 2024
Sales:
21
Avg $ Per SqFt:
$426.21
Min Sale Price:
$350,000
Max Sale Price:
$3,340,000
Med Sale Price:
$925,000
Aug 2024
Sales:
20
Avg $ Per SqFt:
$387.9
Min Sale Price:
$399,900
Max Sale Price:
$5,800,000
Med Sale Price:
$734,500
Jul 2024
Sales:
32
Avg $ Per SqFt:
$402.1
Min Sale Price:
$695
Max Sale Price:
$2,255,000
Med Sale Price:
$1,012,500
Jun 2024
Sales:
37
Avg $ Per SqFt:
$417.02
Min Sale Price:
$14
Max Sale Price:
$8,400,000
Med Sale Price:
$845,000
May 2024
Sales:
46
Avg $ Per SqFt:
$396.01
Min Sale Price:
$20
Max Sale Price:
$3,600,000
Med Sale Price:
$802,500
Apr 2024
Sales:
37
Avg $ Per SqFt:
$362.97
Min Sale Price:
$11
Max Sale Price:
$2,500,000
Med Sale Price:
$819,900
Mar 2024
Sales:
10
Avg $ Per SqFt:
$383.56
Min Sale Price:
$28
Max Sale Price:
$3,350,000
Med Sale Price:
$943,250
Feb 2024
Sales:
16
Avg $ Per SqFt:
$187.09
Min Sale Price:
$10
Max Sale Price:
$7,625,000
Med Sale Price:
$412,500
Jan 2024
Sales:
11
Avg $ Per SqFt:
$305.21
Min Sale Price:
$14
Max Sale Price:
$4,125,000
Med Sale Price:
$820,000
Dec 2023
Sales:
5
Avg $ Per SqFt:
$420.14
Min Sale Price:
$33
Max Sale Price:
$6,600,000
Med Sale Price:
$2,216,000
Nov 2023
Sales:
2
Avg $ Per SqFt:
$1282.05
Min Sale Price:
$650,000
Max Sale Price:
$1,800,000
Med Sale Price:
$1,225,000
MLS Number: 397002
Michael Reams – (406) 451-8283 – michael@starnercommercial.com
Starner Commercial Real Estate – (406) 586-0302 – tom@starnercommercial.com
All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Big Sky Country MLS.
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MLS Number: 397002
Michael Reams – (406) 451-8283 – michael@starnercommercial.com
Starner Commercial Real Estate – (406) 586-0302 – tom@starnercommercial.com