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The Osborne - Downtown Mixed-Use Legacy Asset 233 E Main St 33,044 SF 100% Leased 4-Star Retail Building Bozeman, MT 59715 $24,000,000 ($726.30/SF) 5.57% Cap Rate



INVESTMENT HIGHLIGHTS
- Trophy Downtown Asset – Located on Main Street, Montana’s Most Prestigious Retail Corridor
- Tax Advantaged – Several Million Dollars of Leasehold Improvements & FF&E Included - Write-Off Substantial Portion of Price by Depreciation
- Stable Cash Flow – Long-term NNN Leases (6.4 Years of WALT) with Significant Annual Increases Across Tenant Mix
- New Construction (2020) – Designed by Award-Winning Locati Architects and Built to the Highest Standards
- Diversified Income – High-End Clothing (STIO & Belle Shops), Premier Dining (Brigade, est.1864), Executive Suites (Regus), T-Mobile Cell Tower
- Rapid Market Growth – Bozeman Population has Exploded by 60%+ Since 2010 – Outpacing Nearly Every Micropolitan Market Nationwide
EXECUTIVE SUMMARY
We are pleased to present a generational opportunity to acquire The Osborne, a premier mixed-use asset located on East Main Street in Downtown Bozeman, Montana. Delivered in 2020 and designed by award-winning Locati Architects, this four-story, 33,044-square-foot building represents the only recent ground-up development on Bozeman’s core Main Street corridor – combining best-in-class construction, architectural excellence, and long-term income stability.
The Osborne features a curated tenant mix of high-end retailers, premier dining, executive office suites, and a rooftop telecommunications lease. All tenants operate under long-term leases with annual increases, including NNN structures throughout. Located in the heart of one of the fastest-growing and most affluent
micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
Located in the heart of one of the fastest-growing and most affluent micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
The Osborne features a curated tenant mix of high-end retailers, premier dining, executive office suites, and a rooftop telecommunications lease. All tenants operate under long-term leases with annual increases, including NNN structures throughout. Located in the heart of one of the fastest-growing and most affluent
micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
Located in the heart of one of the fastest-growing and most affluent micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,044 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2020
Price
$24,000,000
Price Per SF
$726.30
Cap Rate
5.57%
NOI
$1,337,042
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.99
Lot Size
0.19 AC
Frontage
28’ on Main St
AMENITIES
- Air Conditioning
- Balcony
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Belle Shops
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Brigade
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Est. 1864
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Regus
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
- -
- STIO
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Belle Shops | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Brigade | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Est. 1864 | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Regus | Professional, Scientific, and Technical Services | 99,999 SF | - | - | - | |
| STIO | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-0799-07-2-13-14-0000 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $12,963,600 (2025) |
PROPERTY TAXES
Parcel Number
06-0799-07-2-13-14-0000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$12,963,600 (2025)
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The Osborne - Downtown Mixed-Use Legacy Asset | 233 E Main St
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