4,000 sqft

$1,200,000

23 W Main Street, Belgrade MT, 59714

Price per sqft$300.00

Built in1904

Property size4,000 sqft

Property typeCommercial

Overview

Active

Listed Oct 27, 2025

Updated Jun 15

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.

Additional information

MLS^® ID: 406539

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.07 Acres

Other Property Details

Taxes: $6,878
Tax Frequency: Annually

Courtesy of Don Lint, Realty Executives

Based on information from Big Sky Country MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Charlotte Durham shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.