Commercial Income Property with Development Upside Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels—one improved and one vacant—providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman’s strongest commercial corridors. The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property’s strong leasing fundamentals and long-term demand. Property Overview • Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718 • Property Type: Commercial — Retail, Showroom & Warehouse • Total Building Size: 33,400 SF (five condo units) • Land Area: 2.777 acres (two parcels) • Frontage: 337 feet on US Highway 191 South • Occupancy: 100% leased Development Upside The second parcel is entitled for an additional 11,518-square-foot building, offering immediate development potential along highly visible US-191 frontage. The site is currently vacant and development-ready, subject to verification of current permits and entitlements. Cap Rate 7.25% Building & 11,518 SqFt Development parcel. MLS# 409918
Property Area: 2G - Boz Area Gal Gtwy
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SQ FOOTAGE
33400
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YEAR BUILT
2007
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ACRES
2.77
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LIST DATE
2026-04-01
- Price: $10,518,000
- Status: Active
- Type: Building,Commercial
- MLS: 409918
- Zip: 59718
- Property Area: 2G - Boz Area Gal Gtwy
- Acres: 2.77
- Year Built: 2007
- Square Feet: 33400
- Heating/Cooling: Gas HotWater RadiantFloor CentralAir
- Utility Services: ElectricityConnected, NaturalGasAvailable, SepticAvailable, WaterAvailable
- Listing Date: 2026-04-01
- Listing Agent: Evan McCaw of McCaw, DeVries, Steinhauer & Co.