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Commercial Income Property with Development Upside
Located less than one mile south of the Four Corners intersection along the west side of US Highway 191, this 33,400-square-foot commercial property offers stabilized income, long-term tenancy, and meaningful upside through future development. The property consists of five condominium units situated on 2.777 acres across two parcels—one improved and one vacant—providing a rare combination of current cash flow and entitled expansion potential in one of Bozeman’s strongest commercial corridors.
The asset features approximately 337 feet of frontage on US-191 South, a high-traffic arterial serving Bozeman and the Gallatin Valley. The surrounding market is characterized by sub-3% commercial vacancy, reinforcing the property’s strong leasing fundamentals and long-term demand.
Property Overview
• Address: 81211 & 81213 Gallatin Road, Bozeman, MT 59718
• Property Type: Commercial — Retail, Showroom & Warehouse
• Total Building Size: 33,400 SF (five condo units)
• Land Area: 2.777 acres (two parcels)
• Frontage: 337 feet on US Highway 191 South
• Occupancy: 100% leased

Development Upside
The second parcel is entitled for an additional 11,518-square-foot building, offering immediate development potential along highly visible US-191 frontage. The site is currently vacant and development-ready, subject to verification of current permits and entitlements.

Cap Rate 7.25% Building & 11,518 SqFt Development parcel.

Bozeman

81211/ 13 Gallatin Road

None Beds

None Baths

33,400 Sq.Ft.

$10,518,000

MLS#: 409918

Morning light spills across Duck Lake as the water turns glassy and still, broken only by the quiet ripple of a rising trout. Coffee tastes better here—on one of the two decks, with mountain air filling your lungs and the unmistakable silhouette of Chief Mountain standing watch in the distance. Time slows down and summer memories are made without trying. Set along the western shore of world-class Duck Lake, this rare waterfront lot offers a front-row seat to everything Montana summers are meant to be. Cast a line for legendary rainbow and brown trout, launch a boat for a leisurely afternoon on the water, or spend sun-soaked days swimming, paddling, and laughing until sunset paints the sky. Evenings invite campfires, stargazing, and stories shared.
Just minutes from the entrance to Glacier National Park, this property is perfectly positioned as a personal vacation escape or a sought-after rental destination. Campers and outdoor enthusiasts are drawn year after year to this region—coming for Glacier’s iconic trails, alpine lakes, and wildlife, and staying for the unmatched access to fishing and boating right outside their door. Whether you envision hosting vacationers, parking your own camper, or building a simple seasonal retreat, the possibilities here are wide open. From this lakeside basecamp, adventure is always within reach—hiking in Glacier by day, boating on Duck Lake in the afternoon, and watching alpenglow dance across Chief Mountain by evening. Summers feel endless here, memories feel permanent, and Montana shows off at its very best.

Babb

Lot 11 W Shore Road

None Beds

None Baths

0.261 acres

$139,900

MLS#: 408415

Set on over an acre in Hyalite Ranch, this newly completed custom home by Old Mill Homes was designed for buyers who want clean architecture, meaningful function, and the kind of quality that holds up long after the first showing. With 4,564 square feet, 5 bedrooms, 4 bathrooms, and a 3-car garage, the floor plan delivers what so many luxury homes miss: a large and livable main level, intentional separation between private and shared spaces, and the infrastructure to support real life at a high level.

The main living area opens beneath vaulted ceilings and a dramatic wall of glass, connecting the great room, dining area, and kitchen in a way that feels open without losing warmth. A gas fireplace grounds the room, while mountain views and southern exposure do the rest. Just beyond, a massive covered patio with its own fireplace creates a true extension of the living space, making it easy to enjoy outdoor dining, entertaining, and Montana evenings well beyond summer.

The kitchen is equal parts showpiece and workspace, finished with Thermador appliances, custom cabinetry, generous island space, and subtle details that elevate the experience, including LED under-cabinet lighting and luxury fixtures sourced from Arhaus, Lumens, and Restoration Hardware.

The main-level primary suite is where the house really separates itself. Spacious, private, and beautifully finished, it includes an oversized bath with heated floors, strong scale, and a custom closet that feels intentional rather than an afterthought. Upstairs, additional bedrooms, bathrooms, and flexible bonus space allow for guests, work-from-home needs, recreation, or multigenerational living.

Behind the scenes, the home is exceptionally well equipped with multi-zoned forced air heating and air conditioning, a humidification system, heat recovery ventilation, heated makeup air for balanced ventilation, radon mitigation, upgraded insulation, a whole-house water softener, 400-amp electrical service, wiring for EV charging and a hot tub, and selected windows pre-wired for electric blinds. Even the heated 3-car garage goes beyond storage, with a dedicated dog and boot wash station built for Montana living.

This is a home that delivers the visuals buyers expect, but also the systems, comfort, and long-term quality they rarely find all in one place. LANDSCAPING INCLUDED WITH PURCHASE.

Bozeman

442 Balsam Drive

5 Beds

3 Baths

4,564 Sq.Ft.

$3,300,000

MLS#: 409983

Convenient, single garage located at Bozeman Yellowstone Int'l Airport. Great for frequent travelers or second home owners. Keyless entry, 12x24 unit with 9x9 garage doors. This is an un-heated unit.

Belgrade

NHN Gallatin Car Park C-15

None Beds

None Baths

277 Sq.Ft.

$50,000

MLS#: 395386

This stunning new-construction condo combines modern design with everyday convenience, located just minutes from Gallatin high school, elementary schools, private schools, dining, recreation, shopping, and more. Offering three spacious bedrooms and two-and-a-half bathrooms, this home is thoughtfully designed for both comfort and style. The bright, open-concept kitchen features sleek countertops, stainless steel appliances, and a large pantry—perfect for both everyday living and entertaining. The seamless flow between the living and dining areas creates an inviting space, with direct access to the patio for indoor-outdoor enjoyment. Upstairs, you’ll find all three bedrooms along with a conveniently located laundry area. The primary suite offers a private retreat, complete with double vanities, a tiled shower, and a generous walk-in closet. A versatile bonus space on the second level provides flexibility for a family room, home office, or additional living area to suit your needs. Enjoy upgraded, high-quality finishes throughout, along with the added convenience of a one-car attached garage.

Bozeman

1051 Baxter Creek Way D

3 Beds

1 Baths

1,572 Sq.Ft.

$499,900

MLS#: 408850

Big Sky

TBD Bear Den Court Road

None Beds

None Baths

39.97 acres

$1,800,000

MLS#: 408305

Bozeman

131 W Main Street D2

None Beds

None Baths

1,750 Sq.Ft.

$25

MLS#: 406517

This versatile Montana acreage blends history and opportunity. Formerly tied to regional mining activity, the parcel rests within agricultural zoning while maintaining its heritage as part of Montana’s resource lands. With nearby creek access, rugged terrain, and wildlife habitat, the property offers an attractive setting for recreation, investment, or off-grid development. Mineral rights convey as deeded. Welcome to the Bayard Lode. THIS PROPERTY IS FRACTIONAL OWNERSHIP. Here is your chance to own an UNDIVIDED 15% INTEREST, in 20.66 acres. Shared with approximately 7 additional owners, this property sits surrounded private lands. Come play in the dirt, pan for silver, copper, gold, zinc, and more, and STAKE YOUR CLAIM!!! All information is deemed reliable but not guaranteed. Buyer's and buyers' agent to perform due diligence to buyers' satisfaction.

Alder

TBD Bayard Lode Survey No. 2169

None Beds

None Baths

20.66 acres

$32,310

MLS#: 395048

Bozeman

40 Enterprise Boulevard

None Beds

None Baths

29,724 Sq.Ft.

$10,500,000

MLS#: 384848

Discover the potential of this classic 1950s home, ready for your personal touch! Featuring a large living room with expansive picture windows, this space invites natural light and warmth, perfect for gatherings. From the living room is a dining room which flows seamlessly into the kitchen, providing a comfortable setting for meals and memories. On the main floor, you'll find two bedrooms and a bathroom equipped with a walk-in tub, catering to both style and convenience. The basement offers a spacious open area, an additional bedroom, and a 3/4 bathroom, making it an ideal space for guests or a cozy retreat. The laundry and mechanical area adds practicality, while a secured area previously used for guns and storage offers unique possibilities. Step outside to a fully fenced yard with chain link fencing and underground sprinklers, ensuring easy maintenance and a great space for furry friends. The property also has a 24x28 two-car garage, a greenhouse for gardening aspirations, and a storage shed for all your tools and equipment, all situated on a desirable corner lot. This home offers a fantastic opportunity to create your own dream space in a nice neighborhood. Don't miss out on this unique find!

Deer Lodge

713 W Conley Avenue

3 Beds

1 Baths

1,920 Sq.Ft.

$295,000

MLS#: 407238

Discover the perfect canvas for your mountain retreat. This expansive 20.43-acre parcel on Friendspring Road offers the quintessential Montana experience, featuring dramatic boulder outcroppings, native grasses, and mature trees. Situated between Butte and Whitehall, the property boasts staggering panoramic views of the Tobacco Root Mountain Range and the Jefferson Valley.

Whitehall

TBD Friendspring Road

None Beds

None Baths

20.43 acres

$190,000

MLS#: 410659

Boulder

902 Lower Valley Road

None Beds

None Baths

157.53 acres

$759,000

MLS#: 399227

The Bridge District is Built For Business. This 4.66-acre commercial lot in the Bridge District is in a superb location, with 191 frontage and visibility. Soak up the Montana landscape with spectacular views of the Bridger Mountains and Spanish Peaks. Access an array of nearby local businesses and amenities - without the headache of being located in the city limits. Fish the Gallatin during lunch, meet clients at Cottonwood Hills Golf Course, and celebrate work success at Dry Hills Distillery, all within minutes. annual average daily traffic counts near 13,000, with easy travel between Bozeman, Belgrade, and Big Sky. Well and public water systems included.

Bozeman

Lot 1 Bridge District

None Beds

None Baths

4.663 acres

$1,100,000

MLS#: 400246

Warehouse/office just East of the North 7th/Griffin intersection. Main floor = 300 SqFt finished office, and 2100 Sqft of warehouse with small bathroom/shower. Mezzanine over office is approximately 428 SqFt. 12'x16' overhead door & separate main floor office entrance. Owner prefers 2-year minimum lease.

Bozeman

612 W Griffin Drive B

None Beds

None Baths

2,828 Sq.Ft.

$16

MLS#: 408234

Second level/Furnished Office space across from The Ridge Athletic Club. Reception with 6 Nice Offices, and a Large Conference Room, Reception and Kitchenette. Furnished Office Suite on 2nd Level with Elevator. Functional Office Good visibility and amazing view. One office has a deck area facing the Bridgers. Unit combines Suite 4 (1210sf) and Suite 5 (1555sf). Owner to provide a First Right to Purchase during Tenancy!

Bozeman

602 FERGUSON Avenue 4&5

None Beds

None Baths

2,845 Sq.Ft.

$18

MLS#: 400753

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