www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24129119
24129129

201 S Main St, Livingston, MT 59047

RM
MT RRE-BRO-LIC-126857
Scout Real Estate
Listed by Scout Real Estate
$4,650,000
1003 days on market
Updated 27 days ago

Montana Block

Details
APN 49-0802-13-4-19-32-0000
Property Type Mixed Use
Sub Type Commerical, Multi-Family (+1)
Square Footage 24,900
Units 23
Occupancy 96%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 6.86%
Pro-Forma NOI $319,000
Price per SqFt $187
Broker Co-Op Yes
Year Built 1906
Year Renovated 2021-2022
Buildings 2
Stories 3
Lot Size (SqFt) 10,500
Zoning Central Business District
Investment Type Stabilized
Ground Lease No

Renovated Downtown Livingston Mixed-Use Building

Marketing 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 comprises 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 executive office suite. 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. The listing Agent must accompany any showings.

Showings are only available to qualified buyers; proof of funds or a lender pre-approval letter is needed. DO NOT DISTURB TENANTS. Financials and leases can be provided with a signed NDA. The agent is a member of the ownership entity.


Investment highlights

  • Beautiful, historically significant building in downtown Livingston, MT.

  • Mixed-Use (Retail, Office, & Residential).

  • Extensive Second Floor Renovation in 2022, including new roof, skylights, HVAC, plumbing, etc.

  • Great cash-flowing asset in a fantastic location.

  • Historic charm kept intact with modern upgrades and amenities.

Listing Contacts

RM
MT RRE-BRO-LIC-126857
Scout Real Estate
Listed by Scout Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Reese Milner
License
RRE-BRO-LIC-126857
Brokerage
Scout Real Estate
Title
Broker/Owner
Brokerage Address
1174 Stoneridge Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591