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Prime Commercial MT Hwy 200 | Room To Expand 200 W Railroad Ave 7,612 SF 100% Leased Office Building Plains, MT 59859 $3,000,000 ($394.11/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated in 2016–2017 w/modern finishes while retaining historic details from original 1938 Plains School; restored windows, trim & maple wood floors
- 2 labs, conference room, and 6 restrooms (including one with shower and laundry facilities)
- Security and utility enhancements with keypad entry, video surveillance, and 600-amp 3-phase power with separate meters
- 11 dental operatories within a beautifully modern-designed clinic, complete w/lobby, private offices, a break room w/kitchen, and staff locker room
- Energy-efficient windows, metal roof with stone accents, underground sprinklers, and chain-link fencing for durability and ease of maintenance
EXECUTIVE SUMMARY
Discover a rare opportunity to own a beautifully renovated commercial property that blends modern functionality with historic character. Positioned on 2.536 acres with 555 feet of frontage along scenic MT Highway 200, this highly visible location offers unmatched flexibility for general commercial, office, or retail use—with no zoning restrictions limiting future development.
The 7,612 SF building spans one level with a fully finished daylight basement, currently configured into two separate suites leased by a dental clinic and a real estate office. Each space features its own entrance, handicap-accessible ramps, and an interior hydraulic lift for full accessibility. Ample paved parking, monument signage, and dual access points make the property convenient and inviting for clients and visitors.
Additional value comes from 0.872 acres of excess land ideal for expansion or new development, plus a historic log schoolhouse on-site currently used for storage.
With its combination of thoughtful renovations, preserved character, strong tenant mix, and prime location, this property offers an exceptional investment or owner-user opportunity in the heart of Montana’s growing market.
The 7,612 SF building spans one level with a fully finished daylight basement, currently configured into two separate suites leased by a dental clinic and a real estate office. Each space features its own entrance, handicap-accessible ramps, and an interior hydraulic lift for full accessibility. Ample paved parking, monument signage, and dual access points make the property convenient and inviting for clients and visitors.
Additional value comes from 0.872 acres of excess land ideal for expansion or new development, plus a historic log schoolhouse on-site currently used for storage.
With its combination of thoughtful renovations, preserved character, strong tenant mix, and prime location, this property offers an exceptional investment or owner-user opportunity in the heart of Montana’s growing market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
7,612 SF
Building Class
B
Year Built/Renovated
2005/2017
Price
$3,000,000
Price Per SF
$394.11
Cap Rate
6.60%
NOI
$198,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,806 SF
Building FAR
0.07
Lot Size
2.42 AC
Zoning
none - No Zoning in Plains, MT
AMENITIES
- Fenced Lot
- Security System
- Wheelchair Accessible
- Reception
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 35-2979-27-4-37-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,020,900 |
PROPERTY TAXES
Parcel Number
35-2979-27-4-37-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,020,900
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Prime Commercial MT Hwy 200 | Room To Expand | 200 W Railroad Ave
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