201 S Main ST Active Save Request In-Person Tour Request Virtual Tour
Livingston,MT 59047
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 24,900 sqft
Price per Sqft $190
MLS Listing ID 403287
Year Built 1906
Annual Tax Amount $29,302
Tax Year 2024
Lot Size 10,497 Sqft
Acres 0.241
Property Sub-Type Building
Property Description
An exceptional investment opportunity presents itself with this extensively renovated, income-generating mixed-use property within Livingston's vibrant downtown core. Erected in 1906, the historically significant Montana Block Building is an iconic fixture along Main Street. Architectural Digest acknowledges Livingston as the 19th most beautiful Main Street in America. Encompassing 24,900 square feet, the main floor is comprised of ten units: eight distinct retail spaces, complemented by an ancillary workshop area, with garage door access via the ally, concealed behind one of the retail units, and an office space currently available for lease. Ascending to the second floor reveals thirteen residential units, comprising a mix of six studios and seven one-bedroom units. The building incorporates a full-height basement, which is underutilized, providing rental upside for new owners. Recently completed in 2022, a substantial second-floor renovation has reinvigorated the building, marked by the installation of a new membrane roof and skylights, an upgraded HVAC system servicing the second-story common area, and the integration of new mini-split systems across all residential units. This meticulous transformation includes revealing the original brick facades, installing new flooring, new kitchens, and updating bathrooms. Simultaneously, modernization efforts extended to include extensive plumbing and electrical upgrades, energy efficiency through attic insulation, and the installation of a fully integrated fire alarm system, which communicates with the local fire department. Each commercial space, except for a small office, and 12 of the 13 residential units are currently leased. The listing Agent must accompany any showings. Showings are only available to qualified buyers. DO NOT DISTURB TENANTS. Financials and leases can be provided with a signed NDA; see associated docs for NDA.
Location
State MT
County Park
Area Park County
Direction Downtown Livingston, corner of Main & Lewis
Interior
Heating Forced Air
Cooling Central Air, Wall/ Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID 0000011380
Ownership Full
Acceptable Financing Cash,1031 Exchange,3rd Party Financing
Listing Terms Cash,1031 Exchange,3rd Party Financing
Special Listing Condition None