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Downtown mixed-use building with character, income, and flexibility in the historic district. This 8,151 square foot property offers six units of mixed sizes with two front facing offices, plus a shared common area, kitchenette, conference rooms, A/C, and large windows that capture natural light and downtown views.

The alley-accessed studio apartment creates a true live/work setup or an excellent option for either short-term or long-term rental income. Priced at a pro-forma 6.5% cap rate, it is an attractive investment with both current cash flow and room to add value.

Located in the historic downtown district with limited use restrictions and strong neighboring businesses, this building is well-suited for professional services, retail, creative studios, residential, medical, or co-working concepts. As a northern gateway to Yellowstone National Park and just a short drive from Bozeman, this location blends small-town character with year-round visitor traffic. SELLER FINANCING IS AVAILABLE! Floor plans included in the listing photos.
#407430

Livingston

124/126 S 2nd

None Beds

None Baths

8,151 Sq.Ft.

$895,000

MLS#: 407430

ATTENTION RESIDENTIAL DEVELOPERS, don't miss this rare opportunity to purchase land ready to develop with completed entitlements and supplements. Pioneer Landing would be the first subdivision in many years to be added to the desirable Columbus community and provide the city with much needed housing for its growing population. The approved plans allow for 145 dwelling units and 3 commercial lots. The property sits on the edge of town and is mostly level with a slight break into a varied riparian area with a creek flowing along the northwest boundary. Much of the property has fantastic views of the Beartooth Mountains making for a stunning back drop to this unique opportunity. Go to https://pioneerlanding.community/ to learn more about Pioneer Landing's vision. This property would also be a great setting for a dream hobby ranch. Do not miss this great opportunity.
#401293

Columbus

TBD Centennial Road

None Beds

None Baths

69.78 acres

$1,690,000

MLS#: 401293

For Sale: Iconic Anaconda Restaurant!
Looking for profitable commercial property? Look no further! We are proud to present this amazing real estate opportunity featuring a fully operational, up-to-code restaurant known locally for its outstanding food and service since 1965.
Equipped with a full-service bar consisting of an All-Beverage Liquor License, Gambling License & 100-mile radius Catering Special Events Endorsement, several flat screen tv's to catch everyone's favorite game along with video gambling machines. An arcade room makes this the ultimate family destination. While children are entertained with their own game room, parents can enjoy themselves nearby. In addition, there's a large banquet room to accommodate parties and events along with a fantastic outside picnic area and 6 horseshoe pits. This property sits on over 2.5 acres of prime real estate and has a 3-bedroom, 2-bath home for work/live options for owners or employees. Don't miss out on this rare opportunity to own a profitable business and a piece of Anaconda history  located on the Anaconda-Pintler Scenic Highway. Call today to learn more about this incredible property.
#387121

Anaconda

10345 MT Highway 1

None Beds

None Baths

5,299 Sq.Ft.

$1,500,000

MLS#: 387121

This is an exceptional opportunity to own a second-level commercial condominium in the highly sought-after Market Place Building in Big Sky Town Center. The office space features 2 private offices, a large conference room area, and enough room for additional desks or flex space. Centrally located in the heart of Big Sky, the property is just steps from shopping, dining, Fire Pit Park, the BASE Community Center, the theater, and the bus stop. Elevator access is conveniently located adjacent to the office entrance, the restrooms are right across the hall, and ample parking is available in the common lot behind the building. Positioned within one of the busiest commercial buildings in Big Sky, this space offers excellent visibility, accessibility, and long-term value for a large variety of professional uses. Being sold unfurnished, although Sellers are open to sell some of the furnishings outside of closing.
#408181

Big Sky

33 Lone Peak Drive 202

None Beds

None Baths

972 Sq.Ft.

$800,000

MLS#: 408181

Norton Ranch Neighborhood Bozeman: Your Ideal Bozeman Oasis Welcome to the Norton Ranch neighborhood in Bozeman, Montana – a gem in the heart of Big Sky Country. This picturesque, established neighborhood offers a unique blend of modern living and natural beauty, making it a sought-after destination for those seeking a balance between urban convenience and outdoor adventure. Walking paths, mature parks, and a community garden and welcoming sense of community make this an ideal place to build your new home. Nestled against the backdrop of Montana's majestic mountains and pristine landscapes, Norton Ranch is the perfect place to call home. Enjoy easy access to Bozeman's vibrant downtown and Ferguson Farms where you'll find an array of dining, shopping, and cultural attractions. Nature enthusiasts will delight in the numerous outdoor activities right at their doorstep. Explore nearby hiking and biking trails, go fishing in the pristine rivers, or simply take in the stunning mountain views. Discover the Norton Ranch Neighborhood in Bozeman and experience the best of city living and outdoor adventure, all in one remarkable place. Make your home here, and you'll find that life in Bozeman has never been better.
#387467

Bozeman

118 N Reliance Ave

None Beds

None Baths

0.1196 acres

$178,000

MLS#: 387467

Available for lease in the iconic Fred Willson–designed Nash Finch Building, Suite C offers approximately 2,400 square feet of beautifully remodeled 2nd floor space that blends modern finishes with historic character. Maple flooring, exposed brick walls, and abundant natural light create a warm and versatile environment suitable for a wide range of business uses. The property is zoned B-3, allowing for many potential uses, and offers some of the most convenient parking options downtown—including private, designated stalls and convenient access to the adjacent Bozeman Public Library parking facility as well as on street parking. Enjoy quick access to Main Street shopping, restaurants, and nearby Lindley and Peet's Hill parks, making this one of Bozeman’s most desirable downtown locations for doing business. Minimum 2-year lease preferred.
#406423

Bozeman

612 E Main Street C

None Beds

None Baths

2,400 Sq.Ft.

$35

MLS#: 406423

Butte is a thriving community with a growing economy. Investing in this prime location is a smart move to capitalize on the city's expansion and development opportunities. Don't miss the chance to secure this prime commercial lot in Butte, Montana. With an unbeatable location one block off Harrison Avenue and traffic from other local businesses such as Mackenzie River Pizza, Rocky Mountain Car Wash and Mile High Credit Union, this property offers endless potential for your business venture.
#387805

Butte

3313 Monroe

None Beds

None Baths

0.207 acres

$180,000

MLS#: 387805

80 acres of Montana grassland and sagebrush just 20 miles north of Billings where the deer and the antelope play. The adjoining 80 acres to the north is also available for the same priced-- 160 acres for $179,800! Only 2.5 miles east of the state highway, then south a half mile on an easement (not built); lots of potential for a private get away. Was homesteaded in 1920. Access is via Lindstrom Road and then a private easement, but buyer will need to do their own investigation and due diligence regarding the easement and access to property. Transmission power lines cross the adjoining northern 80 acres, but not this parcel. The 80 acre parcel to the north (MLS#397946) is also available. An easement crosses the northern 80 acres to provide access to this property. No known covenants, no zoning. Come enjoy some great views of Big Sky country where the deer and the antelope roam.
#405391

Shepherd

tbd Lindstrom Road

None Beds

None Baths

80.0 acres

$89,900

MLS#: 405391

Don't miss this opportunity to invest in the rapidly growing Highway 287 corridor in Three Forks. This 2.18 acre commercial lot has great frontage and visibility to Hwy 287 traffic and is located a mile north of Wheat Montana, Bridger Brewing, and the soon to be built Murdoch's. Butte, Helena, Bozeman, Manhattan, Belgrade, Three Forks are all a short drive away. This is currently the only commercial lot of its size in the area that can be built on. We also have other lots available if lot 1 or C2 are not a fit.
#407886

Three Forks

Lot 1 Wheatland Meadows Drive

None Beds

None Baths

2.18 acres

$299,000

MLS#: 407886

WEST POST is now offering commercial lots for sale at the I-90 Airport Interchange at Airway Boulevard and Frank Road in Belgrade, MT, just 6 miles west of Bozeman. The recently completed Frank Road will become the primary East/West connector to Jackrabbit Lane/US 191. This premier commercial development, with lots now under construction, is located within Belgrade City limits, providing all utilities and city services to the development. Phase 1 of WEST POST will have 36 lots and pad sites ranging from 0.7 to 6.2 acres, fully entitled for mixed-use development, with ideal sites for: hotels; restaurants; retail stores; offices; light industrial buildings; medical offices and many other uses. WEST POST is located less than a mile south of the Bozeman Yellowstone International Airport, and adjacent to the I-90 Interchange. Block 3 Lot 8 has Frank Road frontage, and will be ideal for retail, restaurant, etc.
#374510

Belgrade

TBD Frank Road Block 3 Lot 8

None Beds

None Baths

1.5 acres

$1,080,560

MLS#: 374510

Spanning 805± acres and situated in an area rich with homesteading history, the property lies near the original Reese Creek settlement, one of the first agricultural communities in the Gallatin Valley. This historic ranch offers a combination of productive dryland agriculture, significant development flexibility, and unencumbered views of the Bridger Mountains. The landscape is a classic Montana tapestry of cultivated cropland interspersed with native grasses, draws, and pockets of cover. The ranch serves as a sanctuary for area wildlife. The diverse terrain and agricultural food sources support healthy populations of Hungarian partridge, pheasant, white-tailed deer, and antelope. The backdrop is defined by the dramatic peaks of the Bridger Mountain Range to the east and the Spanish Peaks to the south, offering postcard-quality vistas from nearly every vantage point on the ranch. Today, it offers the ultimate balance of rural solitude and urban convenience. Located just minutes from Bozeman-Yellowstone International Airport yet world's away in privacy, the property represents one of the largest remaining contiguous landholdings in the Belgrade area.
#408280

Belgrade

TBD Reese Creek Road

None Beds

None Baths

805.0 acres

$18,750,000

MLS#: 408280

Experience the epitome of downtown Bozeman living at BG Mill. This exclusive address on East Mendenhall Street, just steps from Main Street,
places you in the heart of historic charm, surrounded by the vibrant energy of the Brewery District and downtown's finest dining, shopping, and
cultural venues. Elevate your lifestyle in one of nineteen meticulously-designed residences spanning five stories. Floor-to-ceiling windows and
soaring 10-11 foot ceilings invite natural light and panoramic views into each home, creating an atmosphere of timeless sophistication. Unwind in
open-concept living spaces boasting generous kitchens, individual wet bars, and inviting gas fireplaces, perfect for both intimate gatherings and
luxurious entertaining. Experience unparalleled convenience with a dedicated building concierge offering 24-hour support and an array of
services, from car shuttle to maintenance services to outfitter rentals. Additional amenities include a modern gym, upscale lobby, interior parking
garage, private lockers, and storage for each residence. Indulge in leisure and entertainment atop the 4,000 square foot rooftop terrace with a
fully-equipped kitchen, offering a breathtaking backdrop for al fresco gatherings and memorable moments. Live effortlessly at BG Mill, where
luxury meets convenience.
#391902

Bozeman

714 E Mendenhall Street 405

2 Beds

None Baths

1,744 Sq.Ft.

$2,595,000

MLS#: 391902

First time on the market for this very well built building that has 5,088 square feet of office space and 5,287 square feet of high ceiling warehouse/shop space with an ideal location on Livingston's Main Street. The lot is over 25,000 square feet providing good combination of both street and off street parking. A creek meanders behind the building and there is a loading dock to the shop warehouse space.
The office portion has private offices, conference room, open space and two dark rooms. The office has central heat and air and has a sprinkler fire suppression system The shop/warehouse has gas space heaters and is cooled by two swamp coolers and also has a sprinkler fire suppression system. 
Building site was excavated and gravel filled and extra footings exist from the office area for future expansion if needed. This is a very unique and versatile property that would lend itself to a variety of uses. Bring your ideas and take a look.
#387182

Livingston

401 S Main Street

None Beds

None Baths

10,375 Sq.Ft.

$2,200,000

MLS#: 387182

Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140–146 West Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible intersection of Park Street and Montana Street, this landmark property has been thoughtfully and extensively renovated to preserve its historic character while incorporating modern systems and finishes throughout. The building is fully updated with new plumbing, electrical, heating, and major infrastructure improvements, offering investors a turn-key asset with immediate income and long-term appreciation potential.

The second and third floors feature ten newly renovated residential apartments designed to attract today’s tenants while honoring the building’s original architectural details. Each unit offers spacious living areas with abundant natural light, modern kitchens with stainless steel appliances, and updated bathrooms with quality fixtures. Select units include in-unit laundry, and common laundry facilities are provided for tenant convenience. Original woodwork and restored historical elements add character and charm rarely found in renovated multi-family assets.

The main level is home to two established and renovated restaurant leases that provide stable commercial income and benefit from strong foot and vehicle traffic in one of Uptown Butte’s most active corridors. The property is located minutes from Intermountain Health Hospital, Montana Technological University, the Silver Bow County Courthouse, Northwestern Energy Headquarters, and numerous local shops, restaurants, bars, and pubs, ensuring consistent residential and commercial demand.

Offered at $2,900,000, the property delivers a 6.2% cap rate with additional upside through potential market rent increases. This is a rare opportunity to acquire a fully renovated, income-producing historic asset in one of Butte’s most desirable and walkable locations, combining strong cash flow, long-term appreciation, and architectural distinction in a single investment.
#407747

Butte

140 W Park

None Beds

None Baths

N/A

$2,900,000

MLS#: 407747

78 Acres of Montana Property for Sale bordering National Forest for over ½ of a mile. This property is situated in the Elkhorn Mountains. It features its own private, gated road with several cabin sites, making it ready for you to pull your camper today or build a mountain getaway. This property comprises four individual properties, making it an excellent opportunity to purchase with family or friends. From this property, you can walk or ride out onto the National Forest and go for miles and miles. The fact is, this property borders more National Forest property than you could cover in a lifetime! The views appear to have been straight out of a postcard from Montana. Enjoy the neighbors – Elk, Deer, Moose, Big Horn Sheep, and black bear. This property is located in one of Montana’s trophy Elk hunting districts and is situated within a wildlife management area. This management strategy provides the elk with a safe wintering habitat, which is a significant factor contributing to the high number of large bulls in the Elk Horn Mountains. There are enough elk here that you can even apply for an extra cow elk tag. This also means that access is limited during the winter, and motorized vehicles are not allowed from December 2nd to May 15th every year. This is a Forest Service closure to protect the winter grounds for wildlife. The road is open in the Spring, Summer, and during the Fall hunting season. There are miles of roads to run your ATV on or take a drive on with your truck and enjoy the Montana mountains. Enjoy all remote Montana has to offer, but you're still only 15 miles from Townsend, where you can get all the supplies you need and even a warm meal and a cold beer! And you're only 40 miles south of Helena and about 65 miles north of Bozeman, MT. That also means you're only 20 miles from Canyon Ferry Lake. Fishing on Canyon Ferry is off the charts good; the lake is full of Trout, walleye, Pike, and Perch. This also means that the Missouri River is only 15 miles away, boasting world-renowned fly fishing, making the Missouri a true Gem, you have a hard time finding a better location! This is the place to build your mountain escape, where you can imagine listening to elk bugling from your deck or while sitting around the campfire. If you have dreamed of this, this is the property for you.
#406164

Townsend

TBD Indian Creek Road

None Beds

None Baths

77.93 acres

$1,200,000

MLS#: 406164

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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