About This Home

This 0-bedroom, 0-bathroom commercial at 23 W Main Street in Belgrade, MT is listed for $1,200,000 ($300 per sqft). Built in 1904, the home offers 4,000 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1904
  • 0.07 acre lot

Property Details

1904
Listing Description

DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY WITH A 10 YEAR LEASE AT 6.4%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI?

Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot.

The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $77,500+ NOI! Call on this one today.

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

23 W Main Street

Belgrade, MT 59714

Property Details

Parking

On Street

Heating

Electric (Heating)CentralBaseboardForced AirNatural Gas

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 23 W Main Street is listed at $1,200,000 ($300/sqft). The estimated monthly payment is $6,418 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1904, 0.07 acre lot.

This property is listed by Don Lint.

DL

Don Lint

License BRO-2447

Agent at Realty Executives of Gallatin Valley

Listed by Realty Executives of Gallatin Valley · Broker phone: (406) 582-0250 · Broker website

MLS# 406539· Source: Big Sky Country MLS· 364 days on PropertySimple

Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

23 W Main Street, Belgrade, MT 59714

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