122 Main St Livingston, MT 59047

This exceptional investment opportunity presents a historically significant building situated at 122 N Main Street in Livingston, Montana's historic district. The property, listed on the National Register of Historic Places, boasts a total of 5,234 square feet on a 0.1-acre lot. Originally the I. Orschel & Bros. clothing store, dating back to the late 1800s, the building features a unique L-shape design, encompassing both Main Street and Park Street frontages. Currently, the entire 2,458 square foot ground floor is triple-net leased to an established food and beverage business, which also utilizes 1,356 square feet of outdoor dining space. A 350 square foot lower level houses the restaurant's restrooms. The second floor, mirroring the ground floor's 2,458 square feet and featuring 12-foot high ceilings and large windows, offers significant potential for conversion into office space or residential units. One upstairs unit is currently leased for storage by the restaurant. While some TLC is needed in the upstairs units, the building's potential is undeniable. Recent improvements include a new furnace and air conditioning condenser. The main level's front portion is undergoing renovations nearing completion. This property offers a blend of guaranteed income from the existing lease and substantial upside potential, all within blocks of the Yellowstone River and in the heart of downtown Livingston. The asking price is $975,000.