6410 Jackrabbit LnBelgrade, MT 59714

  • Grocery and convenience stores
  • 3,677 SF
For Sale
$2,175,000 View listing

Property Details for 6410 Jackrabbit Ln

Year built
1977
Construction
WOOD
Lot size
1.03 AC
Property size (Sq ft)
3,677 SF
Zone code
6
Property type
Grocery and convenience stores
APN
06-0903-12-3-01-15-0000
APU
6090312301150000

Description

This exceptional investment opportunity presents the chance to acquire Chalet Market, a well-established Montana business operating since the 1970s. Located at 6410 Jackrabbit Ln, Belgrade, MT 59714, this Class A retail property boasts 3,667 square feet across two stories in a prime location just south of I-90's Belgrade interchange. The property features 158+ feet of frontage on Jackrabbit Avenue and is annexed into the City of Belgrade, connected to city water, though it currently utilizes a septic system. The business itself comprises a USDA-inspected meat plant, a deli offering house-made meats, soups, salads, and catering, a gift shop specializing in "Made in Montana" products, and a thriving online store shipping nationwide. The business has a proven track record of profitability, recognized by Google in their 2023 Economic Impact Report and with the gift shop earning "Retailer of the Year" in 2018 from the Montana Department of Commerce. The meat plant has also received multiple awards from the Montana Meat Processors Association. All fixtures, furniture, and equipment (FF&E) are included in the sale, with inventory valued separately at closing. The asking price is $2,175,000 ($593.13/sq ft). Owners are willing to provide training to ensure a smooth transition for the new owner. Detailed financials and a complete FF&E list are available upon request and execution of a non-disclosure agreement (NDA). This is a truly unique opportunity to own a turnkey business with significant growth potential and immediate cash flow.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $762,058
    6.5%
    $703,438
    7%
    $653,193
  • Comparable approach

    Method
    Valuation
    Relative Method
    $815,332
    Geo Method
    $815,332
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,382,520
    Mixed-Use / Specialty
    $696,588
    Hospitality / Lodging
    $505,411
    Office
    $687,928
    Institutional / Educational
    $722,619
    Residential Income
    $845,465
    Multifamily
    $1,038,080
    Automotive / Energy
    $619,388
    Parking / Income-Based Land
    $218,033
    Restaurant / Food Service
    $353,034
    Healthcare / Senior Housing
    $718,791

Location Insight

City
Belgrade
County
Gallatin
State
Montana
Latitude
45.7637
Longitude
-111.184
CBSA code
14580
CBSA name
BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,276
-
-
$1,768,397
-
$1,438,917
$329,480
$1,768,397

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