212 Ellery AveFairview, MT 59221

Property Details for 212 Ellery Ave

Year built

1945

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

1,860 SF

Property type

Retail properties

Property subtype

Retail space

APN

27-3554-08-4-23-05-0000

APU

27355408423050000

Description

This exceptional 1,800 square foot commercial property, situated on a 0.1-acre lot at 212 Ellery Avenue in Fairview, Montana, presents a unique investment opportunity. Boasting one of the highest exposure locations in Richland County, this building benefits from significant recent renovations. These improvements include a completely new roof and siding, ensuring long-term durability and curb appeal. The property also features upgraded plumbing and electrical systems, providing modern and efficient infrastructure. The interior layout is highly adaptable, offering a large, open retail space at the front, ideal for a variety of businesses. This area includes convenient access to a dedicated bathroom. The rear of the building provides additional versatility with a well-equipped kitchenette, another bathroom, and several flexible rooms suitable for offices, storage, or other uses. The property's prime location and extensive renovations make it an attractive prospect for entrepreneurs and investors seeking a ready-to-occupy commercial space in a thriving Montana community. The combination of high visibility and functional interior space makes this property a truly exceptional offering. This is a rare opportunity to acquire a turn-key commercial building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $653,268

  6.5%

  $603,017

  7%

  $559,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,230,802

  Geo Method

  $387,256

• Alternative Use

  Use

  Valuation

  Residential

  $508,667

  Hospitality

  $465,936

  Educational

  $387,654

  Medical

  $400,986

  Retail

  $603,017

Location Insight

City

Fairview

County

Richland

State

Montana

Latitude

47.8547

Longitude

-104.044

Property Tax & Assessments

FAQs

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