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23 W Main Street, Belgrade, MT 59714

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For Sale

$1,200,000

4,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $300.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY W/ A 10 YEAR LEASE AT 6%+ 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). $76,000+ NOI! Don't be the one to say "You know, I could have owned a part of downtown Belgrade, MT., right on Main Street. But I hesitated when I had the chance. Dirty word, dirty word!" Call on this one today.
MLS# 406539

Courtesy Of Realty Executives of Gallatin Valley

(406) 570-0297

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air, Baseboard
  • Lot Size
    0.08 Acres

Map and Directions

Directions to 23 W Main Street, Belgrade, MT 59714

Home seller CENTURY 21 HMR

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 HMR

(406) 587-8832
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.