Address
725 E Cottonwood Street & 704 Front Street, Bozeman, MT
Price
$ 2,500,000
Property Attributes
  • MLS#381352
  • TypeMulti-Family
  • CountyGALLATIN
  • CityBozeman
  • AreaBozeman City Limits
  • NeighborhoodNorthern Pacific Addition
  • Zip59715
  • StyleDuplex
  • Year Built1895
  • Taxes$ 8464
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.43 Acres
Data Source:
Big Sky Country MLS (BSCMLS)
Property Description

Great investment potential at two contiguous, separately deeded parcels in northeast Mill District, the hip, high growth area of Bozeman where a tremendous number of existing and proposed multimillion dollar redevelopment projects are underway. 1 block from Wild Crumb Bakery, Treeline Coffee, Finks Deli and the Wildlands residences as well as nearby proposed redevelopments which include the Bronkens/Cloverleaf project, Wallace Works, N. Ida/East Cottonwood redevelopment and Block 104. Unobstructed views of the Bridgers from the east sides of both lots. The site is held in two adjacent deeded parcels totaling +/- 18,600 sf with frontage along both E.Cottonwood and Front Streets. The +/- 7,188 north lot (704/704.5 Front St.) contains a +/- 3400 sf 1890s railway warehouse which has been converted into duplex residential housing comprised of two recently renovated (2021/2022) 4 bed/1 bath +/-1700 sf units with high ceilings. Each currently rented for $2,600/mo. Extra parking area. The north parcel residences have the potential to be utilized to fulfill workforce housing obligations. The south parcel of +/- 11,500 sf (725 E. Cottonwood) contains +/- 4,875 sf storage warehouse, rented at below mkt. rates for $1500/mo. The south warehouse is situated at the center of the potential future connection point between the east portion of East Cottonwood Road and the original Front St. The City's Transportation Plan calls for reconnecting and upgrading the extension of East Cottonwood into Front St. for roadway, walking/biking paths, etc. It is also the point of interconnection for sewer, water and other utilities serving the east side of the Mill District. Both parcels are zoned as NEHMU (northeast historic mixed use) which allows for residential, commercial, retail and bar/restaurant uses as well as ADUs.  Zoning rights are granted to each individual parcel. Also, two deeded lots offer the ability to use property line adjustments (or easements) to allocate lot sizes between the north and south lots. Tremendous opportunity for the redevelopment of the entire 18,600 sf site with commercial/residential mixed use plus parking. The existing historic warehouse building on the north lot could also be renovated for retail, commercial or office. This site would also be a great location for a potential restaurant or brewery on the north parcel with parking on the 60´wide south warehouse.

Price History
4/11/2023 Listed $3,400,000
10/24/2023 27% - $2,500,000

General Features

Sewer PublicSewer
Heating Baseboard,Electric
Cooling None
Utilities SewerAvailable,WaterAvailable
Possession ClosingFunding,Closing
Appliances Range,Refrigerator,Dryer,Washer
Year Built 1895
Stories 1
Levels One
Property SubType Duplex
Tax Year 2022
Waterfront Features None
Additional Parcels Description RGH3208
County Gallatin
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Subdivision Name Northern Pacific Addition
Garage Y/N No
Status Active
Directions Rouse N,R on Tamarak,R on Front
ModificationTimestamp 2023-12-28T02:00:08.657-00:00
City Bozeman
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
Zoning Description CALL - Call Listing Agent for Details
Total Units 2
MLS Area Bozeman City Limits
Lot Size Square Feet 18730.8
Waterfront Y/N No
Carport Y/N No
Street Name Cottonwood Street & 704 Front Street
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 8464.11
Home Warranty Y/N No
Lease Renewal Y/N No
MLS Area Minor 1NE - Boz N of Main/E of 19th
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 260
Standard Status Active
Property Sub Type Additional Duplex
MobileHomeRemainsYN No
PostalCity Bozeman
Legal Description See associated docs for full legal description

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 0.0
Electric On Property Y/N No

Exterior Features

Water Source Public
Lot Size Area 0.43
Horses No
Spa No
Irrigation/Water Rights No
Lot Size Acres 0.43
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 59715

Price
AVG $2.18M
$2.5M
Taxes
AVG $7,717
$8,464
Visits
AVG 111
501
Data Provided by Inside Real Estate®
Year Built
AVG 1957
1895
Walkscore
AVG 72
62
Data Provided by Walkscore® not using MLS data