721 9Th AveBozeman, MT 59715

Property Details for 721 9Th Ave

Year built

1880

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

2,201 SF

Zone code

6

Property type

Retail properties

Property subtype

Turn key restaurants

APN

06-0798-12-4-02-06-0000

APU

6079812402060000

Description

This exceptional Bozeman property offers 3,200 square feet of fully renovated commercial/restaurant space in a charming, turn-of-the-century house near Montana State University. The B1-zoned property includes a 400 sq ft detached apartment and ample parking on a 0.16-acre lot. The restaurant is fully licensed (with a separate Restaurant Beer & Wine License available) and equipped to comfortably seat over 100 guests, both indoors and outdoors. Both floors of the main building can be used independently for private events, with a dedicated second-floor private dining room for 12. A state-of-the-art commercial kitchen, added during a 2012-2014 renovation, boasts a 13-foot Type-1 hood, 12-burner cook line, 1800 cubic feet of combined walk-in refrigeration and dry storage, and a separate prep kitchen. The kitchen features high-end finishes including metal cladding and welded-seam Altro flooring. The entire property underwent extensive renovations, including a new exterior with Hardie siding and trim, energy-efficient windows and doors, updated roofing and lighting, new concrete entryways and walkways, a landscaped patio, and full landscaping. The interior boasts new noise-absorbing ceilings, walls, and doors, updated staircases, lighting, flooring, and ADA-compliant bathrooms. All new plumbing, electrical, HVAC, and fire safety systems were installed. The detached apartment, renovated in 2021, features new Hardie siding and trim, energy-efficient windows and doors, a sleeping loft, and a remodeled bathroom. Priced at $1,775,000.

• CAP approach

  CAP return

  Valuation

  6%

  $578,617

  6.5%

  $534,108

  7%

  $495,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,182,574

  Geo Method

  $1,182,574

• Alternative Use

  Use

  Valuation

  Residential

  $450,540

  Hospitality

  $412,692

  Educational

  $343,355

  Medical

  $355,163

  Retail

  $534,108

Location Insight

City

Bozeman

County

Gallatin

State

Montana

Latitude

45.6717

Longitude

-111.05

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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