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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
0.43
open houses
Open Houses
-
year built
year built
1895
full baths
Full Baths
0
half baths
Half Baths
0
This is a prime investment opportunity in the rapidly growing Mill District of northeast Bozeman. The area is currently undergoing multiple redevelopment projects, such as the Bronkens/Cloverleaf project, Wallace Works, North Ida/East Cottonwood redevelopment, and Block 104. It is also located just one block from popular spots like Wild Crumb Bakery, Treeline Coffee, Finks Deli, and the Wildlands residences. Both lots provide unobstructed views of the Bridger Mountains. The total area is approximately 18,600 square feet, with frontages on East Cottonwood Road and Front Street. The north parcel, measuring about 7,188 square feet, features a renovated 1890s railway warehouse converted into duplex residential units. Each unit comprises four bedrooms and one bathroom, totaling around 1,700 square feet, and they are currently leased for $2,500 per month on a short-term basis. There is additional parking available, and these residences may meet workforce housing obligations. The south parcel is approximately 11,500 square feet and includes a storage warehouse of about 4,875 square feet, currently rented at a below-market rate of $1,500 per month on a month-to-month basis. This warehouse is situated at a potential future connection point between the east section of East Cottonwood Road and the original Front Street. The City's Transportation Plan envisions reconnecting and upgrading East Cottonwood's extension into Front Street, including roadways and walking/biking paths. Furthermore, it serves as a crucial interconnection for sewer, water, and other utilities for the eastern side of the Mill District. Both parcels are zoned as Northeast Historic Mixed-Use (NEHMU), allowing for residential, commercial, retail, and bar/restaurant uses, along with accessory dwelling units (ADUs). Zoning rights are designated for each parcel, and the two lots support property line adjustments or easements to reallocate sizes between the north and south lots. This creates an exciting opportunity for redeveloping the entire 18,600 square feet site with a mix of commercial and residential uses plus parking. The existing historic warehouse on the north lot is also suitable for renovation into retail, commercial, or office space, making it perfect for a restaurant or brewery, supported by parking in the 60-foot-wide south warehouse.
Location
Subdivision Northern Pacific Addition
County Gallatin
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 399646
Listing agent: Lauren John
Listing broker: Gene Cook Real Estate (406) 586-0302
Copyright © 2025 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, March 18 2025 at 11:00 p.m. EDT
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