102 Church AveBozeman, MT 59715

Property Details for 102 Church Ave

Year built

1900

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

2,278 SF

Zone code

5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

06-0799-07-1-18-01-0000

APU

6079907118010000

Description

This stunning, award-winning mixed-use property in downtown Bozeman, Montana, presents a unique investment opportunity. Originally constructed in 1900 and extensively renovated in 2017, this 2,280 square foot building boasts a blend of historic charm and modern luxury. The main floor comprises a fully occupied, 100% leased traditional office suite, ideal for a professional firm. The space features multiple private workspaces, exposed brick, and glass details, creating an impressive and functional environment. Upstairs, a fully furnished, two-bedroom short-term rental (Type 3 permitted) generates consistent income, boasting hundreds of five-star reviews. This turnkey operation offers flexibility – continue the successful rental, convert to private use, or combine aspects for a unique living and working space. The property includes three private entrances, multiple patios, a fire pit, and professionally landscaped outdoor areas. Located at 102 N Church Ave, Bozeman, MT 59715, this property is zoned B3 and offers a compelling return on investment at an asking price of $3,150,000 ($1,381.58/sq ft). The building's historical significance is further highlighted by its 2018 Historic Preservation Award. This is a rare chance to acquire a high-performing, beautifully maintained property in a prime Bozeman location.

• CAP approach

  CAP return

  Valuation

  6%

  $407,387

  6.5%

  $376,050

  7%

  $349,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,692

  Geo Method

  $485,692

• Alternative Use

  Use

  Valuation

  Residential

  $466,301

  Hospitality

  $427,130

  Educational

  $355,367

  Medical

  $367,588

  Retail

  $552,793

Location Insight

City

Bozeman

County

Gallatin

State

Montana

Latitude

45.6806

Longitude

-111.03

CBSA code

14580

CBSA name

BOZEMAN, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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