# 23 W Main Street, Belgrade, MT 59714 > **TL;DR:** commercial, $1,200,000 ($300/sqft), built 1904, 4,000 sqft. Est. $6,418/mo. Listed 366 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,200,000 | | Price/sqft | $300 | | Square Feet | 4,000 | | Year Built | 1904 | | Lot Size | 3,250 sqft (0.07 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 366 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,068 | | Estimated Insurance | $350 | | **Total** | **$6,418** | ## Property Highlights - Built in 1904 - 0.07 acre lot ## Description ### Agent 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. ## Location - **Address:** 23 W Main Street, Belgrade, MT 59714 - **County:** Gallatin - **Coordinates:** 45.7767, -111.177524 - **Google Maps:** https://www.google.com/maps?q=45.7767,-111.177524 ## Listing Agent - **Name:** Don Lint · **License:** BRO-2447 - **Brokerage:** Realty Executives of Gallatin Valley - **Broker Phone:** (406) 582-0250 ## Photos ![23 W Main Street - Photo 1](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f2938085664r.jpg) ![23 W Main Street - Photo 2](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f1735260840r.jpg) ![23 W Main Street - Photo 3](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f217665714r.jpg) ![23 W Main Street - Photo 4](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f3513974124r.jpg) ![23 W Main Street - Photo 5](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f2674868147r.jpg) ![23 W Main Street - Photo 6](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f1950292574r.jpg) ![23 W Main Street - Photo 7](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f2224349625r.jpg) ![23 W Main Street - Photo 8](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f446119011r.jpg) ![23 W Main Street - Photo 9](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f1748999209r.jpg) ![23 W Main Street - Photo 10](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f243358012r.jpg) ![23 W Main Street - Photo 11](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f2016198078r.jpg) ![23 W Main Street - Photo 12](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f3550014913r.jpg) ![23 W Main Street - Photo 13](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f865818726r.jpg) ![23 W Main Street - Photo 14](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f3913939880r.jpg) ![23 W Main Street - Photo 15](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f1208464408r.jpg) ![23 W Main Street - Photo 16](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f2865381651r.jpg) ![23 W Main Street - Photo 17](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f3879220325r.jpg) ![23 W Main Street - Photo 18](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f2141503733r.jpg) ![23 W Main Street - Photo 19](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f4148500022r.jpg) ![23 W Main Street - Photo 20](http://lh.rdcpix.com/6b56f78e3ad6c698051300e9414e279el-f1700972615r.jpg) --- **MLS#:** 406539 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/23-w-main-street-belgrade-mt-59714-56b711a3c50d4df8a984ccd4b6e03daa) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/23-w-main-street-belgrade-mt-59714-56b711a3c50d4df8a984ccd4b6e03daa#listing", "url": "https://staging.propertysimple.ai/listing/23-w-main-street-belgrade-mt-59714-56b711a3c50d4df8a984ccd4b6e03daa", "name": "23 W Main Street, Belgrade, MT 59714", "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! 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