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Prime Commercial Property with Strong Income Potential & Expansion Opportunities. A rare & versatile offering, this expansive 10.197-ac property provides an exceptional opportunity for investors, contractors & developers. Currently generating approximately $200K per year in rental income, this property is strategically positioned to take advantage of its prime location between Bozeman, Big Sky & Bozeman Yellowstone International Airport — ensuring maximum visibility & exposure along a high-traffic corridor that offers unparalleled access to key regional hubs. Key Features: 1) Versatile Shop Space: The property includes a 5,796-sqft fully insulated & heated metal shop, designed to accommodate a variety of commercial, industrial, or storage needs. Featuring 24' & 12' overhead doors, the shop offers flexible space ideal for contractors needing secure storage, workshop space, or a place for light industrial use. This shop is primed to generate additional income, with an expected rate of $16-$18 NNN per sqft; 2) Income-Generating Cabins: The property is home to 3 log cabins that are fully equipped with utilities, offering short or long-term rental potential. These cabins are perfect for workforce housing, providing contractors, seasonal workers, or travelers with flexible living options. There's also ample room to expand & add more cabins, further increasing rental income & utility; 3) Development Potential: With 2 adjoining parcels & 10+ acres of land, there are abundant opportunities for additional construction. The property is un-zoned & free of covenants, offering full flexibility for a wide range of potential uses, from residential to commercial or light industrial. Whether you need more cabins, office space, or storage units, the possibilities are endless; 4) Water & Utility Infrastructure: The property is well-equipped with a private well & septic system in place, making it easy to expand & develop further. The site also benefits from an engineering master plan for a commercial septic system; 5) Prime Location & Regional Connectivity: This highly visible property is situated in a rapidly developing region with strong economic growth, attracting both local & regional businesses. The property is easily accessible & provides a central location for contractors & businesses operating in the area. Whether you are looking for immediate rental income or a blank canvas to grow your business, this property offers the flexibility & potential.
#407952

Gallatin Gateway

56 & 70 E Williams Road

None Beds

None Baths

10.197 acres

$3,850,000

MLS#: 407952

With 1.31 acres of gently sloping terrain and panoramic alpine views, Lot 11 in Lower Hillside presents an exceptional opportunity to create a custom mountain retreat in Moonlight West. Step onto the neighborhood trail system that links into the Moonlight West network for all-season adventures. Thoughtfully planned to preserve open space and embrace the land’s natural features, this property is just minutes from The Reserve Clubhouse and the future Moonlight West amenities, including a new clubhouse, fitness center, and outdoor recreation areas. Membership in the Moonlight Club is required with purchase and subject to approval.
#407764

Big Sky

TBD Sawtooth Road Lot 11

None Beds

None Baths

1.31 acres

$3,800,000

MLS#: 407764

Prime Investment Opportunity in Downtown Bozeman.  Discover exceptional potential with this 14,000 sq ft commercial building located just one block off Main Street in the heart of Downtown Bozeman. The property features a paved parking lot—an increasingly rare asset in the downtown core—and a versatile interior layout.
The building is currently configured with multiple private offices, a reception area, and a conference room, offering flexibility for a wide range of professional or service-oriented uses. Its adaptable floor plan and premium location make it an ideal opportunity for investors, owner-users, or those seeking a strong candidate for redevelopment.
Position yourself in one of Bozeman’s most desirable commercial districts with a property that delivers both current utility and long-term potential.
#407483

Bozeman

125 W Mendenhall

None Beds

None Baths

14,000 Sq.Ft.

$3,800,000

MLS#: 407483

Here is a prime investment property in one of Gardiner’s most convenient locations. This 12-unit complex offers flexibility and value, whether you’re looking to maintain its current role as workforce housing or convert the units for short-term rentals. 
Located in the heart of Gardiner, where demand is high and inventory is scarce.
Each ground floor unit features a modern kitchen equipped with a refrigerator, stove, stackable washer/dryer hookups, a full bath, and a comfortable sitting area. Upper Level consists of two rooms, approximately 96 square feet and 160 square feet respectively.
Each unit comes with a Rinnai wall unit heater and an on-demand hot water heater, plus separate metering for efficient management.
Gardiner’s market is exceptionally tight, with only six closings in the past six months, underscoring the high demand for properties in this area.
Priced to sell, this development represents a great opportunity to own a strategically located asset in a competitive market. Whether you’re an investor looking to expand your portfolio or a developer seeking a property with strong conversion potential, this Gardiner complex is worth a closer look. Could be a great 1031 Exchange property. Buyers and their Agents to verify all info provided to their satisfaction.
#399212

Gardiner

102 Travertine Street

None Beds

None Baths

N/A

$3,800,000

MLS#: 399212

Nestled on a peaceful cul-de-sac, this 4-bed, 3.5-bath mountain retreat offers privacy, comfort & natural beauty. Set on a .75 acre lot, the home backs to a 20-acre Spanish Peaks Lot, providing privacy, tranquility & expansive views. Spanning 4,235 sf across three levels, the 3,098 sf MAIN LEVEL features an open-concept kitchen-living-dining room, half bathroom, master suite w/ walk-in closet & en-suite bath, 2 additional bedrooms, full bathroom, mudroom, laundry room, front porch, back patio w/ hot tub, & covered porch. The 743 sf UPPER LEVEL includes a full bathroom, bedroom, family room, built-in desk & kitchenette, offering privacy from the main living area, ideal for a kids zone, guests, renters, or a mother-in-law suite. The 394 sf LOWER LEVEL includes a sauna, fitness room, storage & mechanical room with access to crawl space. The oversized 750 sf two-car garage has room for large vehicles, storage & potential workshop. Expansive windows bring in abundant natural light, offering views of the surrounding mountains & pine trees. The master suite & main living area offer access to the hot tub. A highly efficient Danish-designed Scan wood-burning stove provides heat & ambiance, complemented by radiant in-floor heat powered by a new boiler installed in 2023. And a whole-house fire suppression system adds extra safety. In 2023, the home’s interior & exterior were freshly painted & the driveway was sealed. Wildfire mitigation measures included tree removal & a gravel perimeter around the home. The surrounding landscape includes natural grasses, wildflowers, wild strawberries & trees, while a large flower bed in front blooms almost year-round. The home is wired for a generator & includes a heat tape system to prevent ice damming on the roof. Local wildlife, including elk, deer, fox & moose, frequently visit, enhancing the charm of the area. Ideally located just 2 miles from Big Sky’s Town Center, 4 miles from Spanish Peaks & Montage Hotel, 7 miles from Big Sky Resort & 9 miles from Moonlight Basin, this home offers easy access to both seclusion & Big Sky’s amenities. This property offers the perfect blend of privacy, functionality & views of nature. Whether enjoying the peaceful neighborhood, exploring nearby wilderness, or taking advantage of outdoor adventures, this home provides a one-of-a-kind living experience in Big Sky, Montana’s mountain paradise. Offered fully furnished, turn-key with some exclusions – an opportunity not to be missed! Agent owned.
#399835

Big Sky

214 W Pine Cone Terrace

4 Beds

3 Baths

4,235 Sq.Ft.

$3,799,000

MLS#: 399835

Positioned on 12 scenic acres and surrounded by neighborhood open space, this exceptional Montana property captures sweeping 360-degree views of the Bridger Mountains and and surrounding ranges, farmland, and the wide-open landscape that truly defines the region. Designed by Brechbuhler Architects and masterfully built by Teton Heritage Builders, this custom home was thoughtfully crafted to embrace its remarkable setting, offering a seamless balance of refined comfort, exceptional craftsmanship, and connection to the outdoors. Inside, expansive windows frame the surrounding vistas while warm natural materials and vaulted ceilings create an inviting mountain-modern atmosphere. The main living spaces are designed for both quiet retreat and effortless gathering, anchored by a striking floor-to-ceiling stone fireplace and flowing naturally into the kitchen and dining areas, perfect for hosting family and friends after a day spent exploring the outdoors. The main-level primary suite offers a private sanctuary with its own fireplace and spa-inspired bathroom, while additional guest spaces and flexible living areas provide comfort and privacy for visitors, as well as multiple options for a work-from-home lifestyle. The lower level is designed with entertaining in mind, featuring a generous lounge space, a fireplace, a wet bar, and a temperature-controlled wine room, ideal for relaxed evenings and memorable gatherings. Outdoor living is equally inviting, with a spacious patio, built-in grilling area, hot tub, and wood-burning fire pit set against the backdrop of Montana’s expansive skies. The property also includes a storage shed and ample room for future enhancements, including planned space for a barn/guest house, perfect for those seeking a true Montana lifestyle. Surrounded by open space yet just a short drive to Downtown Bozeman, the Bozeman Yellowstone International Airport, and year-round recreation, this property offers a rare blend of privacy, views, and timeless Montana living.
#409180

Belgrade

316 Belle Creek Road

5 Beds

3 Baths

5,026 Sq.Ft.

$3,795,000

MLS#: 409180

Welcome to Canyon Gate — Bozeman’s Northeast Gateway to Adventure.
One of the last remaining infill development opportunities on Bozeman’s highly sought-after northeast side, Canyon Gate is envisioned as a vibrant mixed-use community that brings together residential living, local commerce, and outdoor access in perfect balance.
Designed to establish a true sense of place, Canyon Gate will forge meaningful connections between people and the essential assets that make Bozeman special — local services, employment, attainable housing, recreation, and the area’s rich history.
Future residents will enjoy a variety of living options, from attainable for-rent apartments to for-sale stacked flats and rowhouses. The commercial zone offers endless potential — imagine a neighborhood market, restaurants, a taphouse, boutique retail, fitness studios, offices, or even residential units above the street-level activity.
Located just minutes from Downtown Bozeman, Story Mill Park, Bridger Creek Golf Course, and Bridger Bowl Ski Area, this site offers unmatched convenience and access to Bozeman’s outdoor lifestyle.
This B2M zoned parcel, with surrounding infrastructure already complete, is ready for your creative vision. Mixed use opportunities for retail, services, restaurants, office, residential, and many more.  
Be part of Canyon Gate — where Bozeman’s northeast side comes to life.
#406469

Bozeman

TBD Story Mill Road

None Beds

None Baths

1.3303 acres

$3,766,685

MLS#: 406469

This 150 acre farm is a truly spectacular rural getaway, while still being less than 10 minutes away from the Bozeman Yellowstone International Airport.  The farm borders the East Gallatin River on the East side and is strategically farmed for the enhancement of wildlife management.  It is planted in both alfalfa hay and sorghum to create very productive pheasant, quail, grouse, turkey, ducks and white tail habitat. Check out all the game pictures.  These could be your kids and grandkids next year.  There are no hunting restrictions but the Conservation Easement does not allow for commercial outfitting.  Many of the surrounding large pieces of farmland are under Conservation Easement, yet this 150 acre property allows for generous build opportunities away from neighbors and close to the animals and birds. Build your residence and buildings overlooking the East Gallatin River and have a clean view of the majestic Bridger Mountains. Permitted uses include agricultural activities, livestock and planting, right to restore, enhance and develop water resources, including ponds, does not limit the the water rights on the property.  Current right to build a single family residence with an associated garage and storage shed, plus other non-residential structures such as barns, stables, corrals, grain silos, hay and feed storage buildings, fencing, duck blinds, warming huts.
There is roughly $45K in farm revenue from hay sales so this would make a great 1031 exchange property.
#407701

Belgrade

TBD Penwell Bridge Road

None Beds

None Baths

N/A

$3,750,000

MLS#: 407701

Fantastic development opportunity with multiple options available for zoning and use with annexation into the City of Bozeman. Adjacent to the N. 19th retail corridor and minor arterial on Baxter Lane, with rear access from Tschache, infrastructure supports development with visibility from N. 19th. Bordered by Home Depot, Buffalo Wild Wings, REI and Sportsman's Warehouse to the East and high-density multi-family development to the West, the parcel offers possibilities for high density residential, commercial frontage, and/or mixed use. Zoning around the site includes M-1, B2 and R4-5. The parcel includes a water way and is adjacent to a linear trail. A wetland delineation report will be provided upon request. With 2023 AADT traffic count of 7661 vehicles/day and easy access off of I-90, consider restaurant, retail, hotel, mixed use or high-density multifamily development.
#409904

Bozeman

2050 Baxter Lane

3 Beds

1 Baths

7.5 acres

$3,750,000

MLS#: 409904

Fantastic development opportunity with multiple options available for zoning and use with annexation into the City of Bozeman. Adjacent to the N. 19th retail corridor and minor arterial on Baxter Lane, with rear access from Tschache, infrastructure supports development with visibility from N. 19th. Bordered by Home Depot, Buffalo Wild Wings, REI and Sportsman's Warehouse to the East and high-density multi-family development to the West, the parcel offers possibilities for high density residential, commercial frontage, and/or mixed use. Zoning around the site includes M-1, B2 and R4-5. The parcel includes a water way and is adjacent to a linear trail. A wetland delineation report will be provided upon request. With 2023 AADT traffic count of 7661 vehicles/day and easy access off of I-90, consider restaurant, retail, hotel, mixed use or high-density multifamily development.
#409811

Bozeman

2050 Baxter Lane

3 Beds

1 Baths

7.5 acres

$3,750,000

MLS#: 409811

Welcome to one of the most special properties in Eagle Rock Reserve. One of only six alpine lots in the community, this 20-acre retreat is tucked among towering evergreens, wildflowers, and two tranquil ponds with cascading water features, creating a private, park-like setting just 15 minutes from downtown Bozeman.  Designed by renowned architect Faure Halvorsen and built by respected Bozeman craftsman Jim Syth, the 4,516 SF custom home blends mountain architecture with warmth and livability. Expansive windows frame Bridger Mountain views, while the rest of the home sits quietly within a canopy of mature forest, offering a true Montana retreat.  Inside, vaulted ceilings, rich wood detailing, and a dramatic floor-to-ceiling stone fireplace anchor the great room. The thoughtful layout includes a main-level primary suite, a walk-out lower level with guest bedrooms and family room, and a light-filled loft with office or studio spaces, ideal for creative work or remote living.  Outdoor living is equally special, with a wraparound deck, covered patio, and peaceful seating areas woven into the landscape.  Residents of Eagle Rock Reserve enjoy access to a private equestrian facility, stocked trout pond, maintained trails, and adjacent State Land, with nearby access to Triple Tree Trail and National Forest.  A rare alpine sanctuary where privacy, craftsmanship, and the Montana landscape come together, just minutes from Bozeman.
#409198

Bozeman

709 Limestone Road

4 Beds

3 Baths

4,816 Sq.Ft.

$3,750,000

MLS#: 409198

Price reduced
Have you been waiting for one of Bozeman’s most unique and picturesque properties to come on the market?  This just may be it!  Boasting approximately 3.868 acres of natural Montana beauty, located within city limits, this real estate offering will have you dreaming of the endless possibilities. This breathtaking property offers the perfect blend of privacy, natural beauty, varying topography and a prime location. The private, park-like property features a serene creek meandering through the backyard, surrounded by mature aspens and various other established trees that provide both beauty and privacy year-round.  This listing is the ultimate package, which combines two separately deeded parcels ~ one that is also listed as MLS #408799 (the single family home situated on approximately 2.472 AC) and the vacant land parcel listed as MLS# 409413 (approx 1.396 AC).  Situated in the heart of Bozeman, within close proximity to many amenities such as the hospital, MSU, local restaurants, Main street, trails, schools, shopping and so much more ... it offers a rare opportunity to capture Montana's beauty in your backyard, all while being close to so many amenities you likely desire.  The home has a spacious living room, expansive flex space with wet bar, primary bedroom with fireplace, totaling four bedrooms (some are non-conforming), two full baths and a 3/4 bathroom.  With an oversized two car garage (workshop space on the side), there is a lot of potential here!  The approximate 3.868 acres is a haven for local wildlife including black bears, an abundant numbers of whitetail deer, various species of fowl and even the occasional wild turkey.  It's a rare blend of in-town convenience and a true connection to nature. With plenty of space to build an additional home or simply preserve your surroundings, this property is a rare find in Bozeman. Peaceful, scenic, such a variety and full of potential ~ take this opportunity to make it all yours. 
Yes, the private tennis court (shared between the two separately deeded parcels) is unique and you would have the flexibility to remove it, resurface it, create an ice skating rink or maybe make it into pickle ball courts.  The choice is yours! 
Pictures do not do it justice ~ you need to see it with your agent to really feel the gravity of how amazing it is ~ schedule your private showing today!
Disclosure: Listing agent has ownership in property
#409414

Bozeman

1918 & TBD Spring Creek Drive

4 Beds

2 Baths

4,088 Sq.Ft.

$3,748,000

MLS#: 409414

Lot 9 in the Lower Hillside neighborhood in Moonlight West offers 2.87 acres of ski accessible living with sweeping views of Lone Peak, Fan Mountain, and the Spanish Peaks. As one of the first land offerings in Moonlight West, this homesite is tucked among the pines to create a rare sense of privacy and tranquility, while still offering direct access to the neighborhood trail system that connects into the broader Moonlight West network for year-round recreation. The site is perfectly suited for a custom residence designed to follow the land’s natural contours and maximize view corridors. Located near The Reserve Clubhouse and the future Moonlight West amenities, Lot 9 offers an ideal balance of seclusion and connectivity. Membership in the Moonlight Club is required with purchase and subject to approval.
#407763

Big Sky

TBD Sawtooth Road Lot 9

None Beds

None Baths

2.87 acres

$3,700,000

MLS#: 407763

Building & Land For Sale - Business is not included in sale.  Tenant will vacate property prior to closing. 7.8% Cap Rate with current lease. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking, brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully as a grocery store for decades, the site enjoys deep community roots and steady foot traffic.  
Flexible zoning allows for a broad mix of future uses, including residential and commercial development up to 125 feet in height. Its proximity to the South Hills neighborhood, area schools, and the University of Montana enhances both current performance and future redevelopment appeal. 

Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.
#408837

Missoula

704 S Higgins Avenue

None Beds

None Baths

23,760 Sq.Ft.

$3,695,000

MLS#: 408837

Great opportunity to own 590 acres outside of the Wilsall/Livingston area with gorgeous 360 degree views. This property is located in the heart of the Shields River Valley. It is nestled between the Bridger, Absaroka, and Crazy Mountains. This unique ranch offers exceptional access, with county roads bordering both sides and power readily available along 2 sides. Elk Creek runs the full length of the property, providing both scenic beauty and natural water resources. Additionally, a year-round spring feeds two stock water tanks.
#408780

Wilsall

000 Elk Creek Road W

None Beds

None Baths

590.33 acres

$3,661,100

MLS#: 408780

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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