725 E Cottonwood Street & 704 Front Street Active Save Request In-Person Tour Request Virtual Tour
Bozeman,MT 59715
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Subdivision Northern Pacific Addition
MLS Listing ID 399646
Year Built 1895
Annual Tax Amount $13,142
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Building
Property Description
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
State MT
County Gallatin
Area Bozeman City Limits
Zoning NEHMU
Direction Where East Cottonwood intersects with Plum Avenue
Interior
Fireplace No
Exterior
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID RGH3151
Ownership Full
Acceptable Financing Cash,3rd Party Financing
Listing Terms Cash,3rd Party Financing
Special Listing Condition None