Contacts

Michael Reams, CCIM

Starner Commercial Real Estate

Property Details

Property Type Office - General Office
Property Size 1,510 SF
Additional Rent Contact for pricing
Building Class B
Year Built 1979
Date Updated Sep 26, 2024

City of BozemanConveniently 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.

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Highlights

1,510 SF commercial condo near Main Street and Bozeman High School
Available For Sale or Lease; currently built for medical use
Layout: Reception, six exam rooms, private office, breakroom, and bathroom
Exam rooms equipped with built-in sinks, plumbed for nitrous/oxygen
Ground-floor unit with surplus space in common area basement
Priced at $227 per SF, offering a 7% cap rate with $18 per SF NNN rents

Getting around

89/100
Walk Score ®
27/100
Transit Score ®
74/100
Bike Score ®

Powered by Walk Score ®

Location

City Bozeman, MT
Neighborhood Kibbey Plaza
Zip Code 59715

Points of Interest

Conoco

0.26 miles
Safeway

0.51 miles
Loaf'N Jug

0.59 miles
Exxon

0.65 miles
Holiday

0.68 miles
ChargePoint

0.70 miles
Smith's

0.97 miles
KERB

1.24 miles
Tesla Supercharger

1.47 miles
Yellowstone Harley-Davidson

8.31 miles

Bridger Park Downtown

0.71 miles
Lot 7

0.76 miles
North Black Lot

0.77 miles
South Rouse Lot

0.91 miles
North Hedges Lot

1.00 miles
Yellowstone Lot

1.06 miles
SUB Bus Loop

1.06 miles
Roskie Lot

1.11 miles
North Fieldhouse Lot

1.11 miles
Hedges parking

1.11 miles

Lewis and Clark Motel

0.16 miles
Royal 7 Motel

0.31 miles
Rainbow Motel

0.40 miles
RSVP Motel

0.42 miles
The Lark

0.57 miles
Kimpton Armory Hotel Bozeman

0.63 miles
AC Hotel

0.69 miles
Treasure State Hostel

0.72 miles
Element

0.72 miles
The Bozeman Inn

0.83 miles

Community Food Co-op

0.12 miles
Safeway

0.46 miles
Town and Country Foods

0.58 miles
Joe's Parkway Market

0.63 miles
Albertsons

0.73 miles
Co-op Downtown

0.74 miles
Walmart Supercenter

1.04 miles
Smith's

1.05 miles
TJ Maxx

1.13 miles
Town & Country Foods

1.25 miles

In-Depth Research Available for this Property

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Map of Property

108 N 11th Ave Ste 2