104 Main StRonan, MT 59864

Property Details for 104 Main St

Year built

1950

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

3,137 SF

Property type

Retail space

APN

15-2987-02-1-45-11-0000

APU

15298702145110000

Description

This exceptional 3,137 square foot retail property, situated on a 0.1-acre lot at 104 Main Street SW in Ronan, Montana, presents a compelling investment opportunity. Currently generating strong income from fully occupied, long-term leases, this building offers a blend of office, retail showroom, and warehouse space, catering to a diverse range of tenants. The property's strategic location on Main Street SW positions it for significant future growth, particularly with the planned Ronan Urban project that will enhance visibility and accessibility via Highway 93 frontage. The building itself is in excellent condition, having undergone substantial mechanical and cosmetic improvements over the years. This ensures a low-maintenance investment with immediate cash flow. The unique combination of space types addresses a current market need in the expanding City of Ronan, promising sustained occupancy and rental income. The property's strong tenant base and proven income stream, coupled with its prime location and future development potential, make this a rare opportunity for investors seeking a high-return, low-risk investment in a thriving Montana community. The asking price is $360,000.

• CAP approach

  CAP return

  Valuation

  6%

  $847,136

  6.5%

  $781,972

  7%

  $726,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,685,476

  Geo Method

  $1,685,476

• Alternative Use

  Use

  Valuation

  Residential

  $659,623

  Hospitality

  $604,211

  Educational

  $502,696

  Medical

  $519,985

  Retail

  $781,972

Location Insight

City

Ronan

County

Lake

State

Montana

Latitude

47.5291

Longitude

-114.099

Property Tax & Assessments

FAQs

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