406 Railroad AvePlains, MT 59859

Property Details for 406 Railroad Ave

Year built

1935

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

2,523 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

35-2979-27-1-04-26-0000

APU

35297927104260000

Description

This exceptional mixed-use property in Plains, Montana, presents a unique investment opportunity. The main building, constructed in 1935, boasts a fully operational medical clinic on the ground floor, featuring exam rooms, a handicapped-accessible bathroom, a spacious waiting area, and a reception desk. A large eat-in kitchen, mudroom, and wood-burning stove complete the main level. Upstairs, discover a large living room, two guest bedrooms, a guest bathroom, and a master suite with its own bathroom, plus an additional office. The expansive basement includes two bonus rooms, a bathroom, a workout area, laundry facilities, and ample storage. The property also includes a separate guest house with a kitchen, living room, dining room, a master bedroom and bathroom upstairs, and an office. The 0.45-acre lot features ample parking, mature landscaping, extensive stonework, raised garden beds, a greenhouse, a pond, and frontage on MT Highway 200. City water and sewer services are available. This property offers a blend of commercial and residential space, ideal for a variety of uses, and is situated in a desirable location in Western Montana. The property's combination of historical charm, modern amenities, and versatile space makes it an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $463,153

  6.5%

  $427,526

  7%

  $396,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $537,929

  Geo Method

  $537,929

• Alternative Use

  Use

  Valuation

  Residential

  $530,132

  Hospitality

  $485,598

  Educational

  $404,012

  Medical

  $417,906

  Retail

  $628,463

Location Insight

City

Plains

County

Sanders

State

Montana

Latitude

47.4644

Longitude

-114.887

Property Tax & Assessments

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