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31254407
31254408

2 Locations For Sale

JH
MT RRE-BRO-LIC-98917
Go Montana Real Estate
Listed by Go Montana Real Estate
$450,000
117 days on market
Updated 117 days ago

Commercial Investment - Corporate Tenant

Details
Property Type Mixed Use, Office (+1)
Sub Type Creative Office, Storefront (+1)
Square Footage 6,000
Net Rentable (SqFt) 5,500
Units 2
Cap Rate 6.67%
NOI $30,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Verizon Wireless, Retail
Lease Term 5
Lease Expiration 10/31/2028
Remaining Term 2.3
Rent Bumps Yes
Price per SqFt $75
Year Built 1880
Year Renovated 1978,2021,2023
Buildings 2
Stories 1
Lot Size (SqFt) 6,000
Zoning Commercial
Lease Commencement 11/01/2023
Ownership Full

Multi Tenant Sale in Dillon, MT featuring a corporate tenant and a possible owner/operator location.

Marketing description

Located in the heart of downtown Dillon, Montana, these two historic brick commercial buildings offer a rare opportunity to own a piece of local history while benefiting from strong income potential. Built in 1880 and 1881, the properties at 110 and 112 N Montana Street combine timeless architecture with practical modern upgrades, making them ideal for both investors and owner-operators.

Both buildings feature mini-split air conditioning units for efficient climate control, a newer membrane roof, and freshly painted exteriors that preserve their historic character while presenting a clean, professional appearance. 112 N Montana Street is occupied by Verizon Wireless, a nationally recognized tenant operating under a newer 5-year lease that includes annual rent increases, providing reliable and growing income. The neighboring building at 110 N Montana Street offers flexibility depending on the buyer’s goals. It can serve as an owner-operator location or remain fully leased, as a tenant is prepared to assume occupancy following the relocation of Pursuit Chiropractic.

As a buyer, if you're looking to occupy the space currently rented by Pursuit Chiropractic, the improvements made on the interior of the building include office spaces, reception area, and a workout room in the rear of the building. These can remain in place, or a new tenant can remodel and remake the space to fit their needs. Positioned on Montana Street, Dillon’s primary commercial corridor, the property enjoys outstanding visibility and accessibility in what is widely considered the best commercial location in town. Convenient public parking directly across the street makes it easy for customers and clients to access the businesses within. With historic charm, strong tenancy, and flexible use options, these well-kept downtown buildings present an attractive and easy-to-manage commercial investment opportunity in one of Southwest Montana’s most established business districts. Listing agent is partial owner.

Investment highlights

Corporate Tenant in 112 N Montana with 3 years remaining on a 5 year lease with 3% rent bumps annually.

Tenant on board to lease 110 N Montana upon closing if desired.

Great Parking for Dillon, MT

New Mini Splits in each building.

Verizon Wireless has renewed their lease on 3 different occasions.

Great Visibility in a market that doesn’t offer many premium options.

Listing Contacts

JH
MT RRE-BRO-LIC-98917
Go Montana Real Estate
Listed by Go Montana Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$30,000.00
$2,500.00/mo

Valuation Metrics

0
DSCR
6.67%
Cap Rate
6.67%
ROI

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Additional Information

Name
Justin Hartman
License
RRE-BRO-LIC-98917
Brokerage
Go Montana Real Estate
Brokerage Phone
4069251684
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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