About 23 W Main Street
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.
Features of 23 W Main Street
| MLS® # | 406539 |
|---|---|
| Price | $1,200,000 |
| Square Footage | 4,000 |
| Acres | 0.07 |
| Year Built | 1904 |
| Type | Commercial Sale |
| Sub-Type | Building |
| Status | Active |
Community Information
| Address | 23 W Main Street |
|---|---|
| Area | 3B - Belgrade City Limits |
| City | Belgrade |
| County | Gallatin |
| State | MT |
| Zip Code | 59714 |
Amenities
| Utilities | Electricity Connected, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking | Paved, On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Central, Electric, Forced Air, Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | October 27th, 2025 |
|---|---|
| Days on Market | 4 |
| Zoning | DD – Downtown District |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Horses Allowed | No |
Listing Details
| Agent | Don Lint |
|---|---|
| Office | Realty Executives |