725 E Cottonwood Street & 704 Front Street
Bozeman, Montana 59715

$2,500,000

MLS #381352

Listing Details

  • 0.43Acres
  • $2,500,000Price

Great investment potential at two contiguous, separately deeded parcels in northeast Mill District, the hip, high growth area of Bozeman where a tremendous number of existing and proposed multimillion dollar redevelopment projects are underway. 1 block from Wild Crumb Bakery, Treeline Coffee, Finks Deli and the Wildlands residences as well as nearby proposed redevelopments which include the Bronkens/Cloverleaf project, Wallace Works, N. Ida/East Cottonwood redevelopment and Block 104. Unobstructed views of the Bridgers from the east sides of both lots. The site is held in two adjacent deeded parcels totaling +/- 18,600 sf with frontage along both E.Cottonwood and Front Streets. The +/- 7,188 north lot (704/704.5 Front St.) contains a +/- 3400 sf 1890s railway warehouse which has been converted into duplex residential housing comprised of two recently renovated (2021/2022) 4 bed/1 bath +/-1700 sf units with high ceilings. Each currently rented for $2,600/mo. Extra parking area. The north parcel residences have the potential to be utilized to fulfill workforce housing obligations. The south parcel of +/- 11,500 sf (725 E. Cottonwood) contains +/- 4,875 sf storage warehouse, rented at below mkt. rates for $1500/mo. The south warehouse is situated at the center of the potential future connection point between the east portion of East Cottonwood Road and the original Front St. The Citys Transportation Plan calls for reconnecting and upgrading the extension of East Cottonwood into Front St. for roadway, walking/biking paths, etc. It is also the point of interconnection for sewer, water and other utilities serving the east side of the Mill District. Both parcels are zoned as NEHMU (northeast historic mixed use) which allows for residential, commercial, retail and bar/restaurant uses as well as ADUs.  Zoning rights are granted to each individual parcel. Also, two deeded lots offer the ability to use property line adjustments (or easements) to allocate lot sizes between the north and south lots. Tremendous opportunity for the redevelopment of the entire 18,600 sf site with commercial/residential mixed use plus parking. The existing historic warehouse building on the north lot could also be renovated for retail, commercial or office. This site would also be a great location for a potential restaurant or brewery on the north parcel with parking on the 60´wide south warehouse.

GET IN TOUCH

This field is for validation purposes and should be left unchanged.

Click any image to view all 34 images of this property.

725 E Cottonwood Street & 704 Front Street725 E Cottonwood Street & 704 Front Street725 E Cottonwood Street & 704 Front Street725 E Cottonwood Street & 704 Front Street

Additional Features

  • Appliances
    Range, Refrigerator, Dryer, Washer
  • City
    Bozeman
  • Contract Status Change Date
    2023-04-11
  • Cooling
    None
  • Cumulative Days On Market
    260
  • Directions
    Rouse N, R on Tamarak, R on Front
  • Documents Count
    13
  • Heating
    Baseboard, Electric
  • Heating
    Yes
  • Latitude
    45.686684
  • Levels
    One
  • Listing Contract Date
    2023-04-11
  • Listing Key
    1035484482
  • List Price
    2500000
  • Longitude
    -111.025187
  • Lot Size Acres
    0.43000
  • Lot Size Square Feet
    18731
  • MLS Area Major
    Bozeman City Limits
  • MLS Area Minor
    1 N E - Boz N of Main/ E of 19th
  • MLS Status
    Active
  • Original List Price
    3400000
  • Originating System Name
    S W M T
  • Parcel Number
    R G H3151
  • Photos Count
    34
  • Postal Code
    59715
  • Property Sub Type
    Duplex
  • Property Type
    Residential Income
  • Sewer
    Public Sewer
  • Standard Status
    Active
  • Stories
    1
  • Subdivision Name
    Northern Pacific Addition
  • Tax Annual Amount
    8464
  • Tax Legal Description
    See associated docs for full legal description
  • Tax Year
    2022
  • Unparsed Address
    725 E Cottonwood Street & 704 Front Street
  • Utilities
    Sewer Available, Water Available
  • Waterfront Features
    None
  • Water Source
    Public
  • Year Built
    1895
Jody Savage

Let me show you this listing!

Listing Provided By Berkshire Hathaway - Bozeman, Denise Andres

Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.

What our clients are saying:

Jody is FANTASTIC!! We were first time home buyers and she was with us ever step of the way! She never made us feel silly for being new to the process. She definitely knows the area, always kept us up to date on new listings and was just a delight to work with. I would have absolutely zero hesitation recommending her to anyone. Thanks for all the hard-work Jody! We love our house!

K.G.

Jody Savage is knowledgeable, trustworthy and tireless. I purchased a property this spring (2017) near Bozeman; Jody represented me as well as the seller in the transaction. Jody led me through the entire process because this was the first property I had ever purchased. HOA complications and other details made the purchase more difficult. Jody undertook a boat-load of legwork to make the transaction go smoothly. I hope to work with Jody again.

J.D.

Jody was awesome to work with. We were new to the area and she was helpful and knowledgeable about not only the housing market, but schools, and lenders. She worked with my work schedule for showings. Jody also stayed late to write an offer to meet our schedule. I would recommend Jody to anyone needing a realtor.

M.L.

My wife and I used Jody Savage for the sale of our home in Gallatin Gateway, MT. Jody was exceptional in all phases of our sale. We had multiple offers over asking price and sold our home in two days! Jody uses up to date modern marketing, was extremely professional and knowledgeable regarding our market and addressing our needs. She was great to work with and very responsive to any questions we had. Jody is the best in the business and we highly recommend her services!

G.B.

Jody is amazing. She knows the market and was able to advise us on all our many concerns. We so appreciated how responsive she was; within minutes of submitting an online request for realtor contact on a house, she had called us. All our communications with her were like that; we never had to wait long to hear back from her. She was patient and always willing to sit down and meet with us. When we found the house we wanted, she worked tirelessly to secure it for us, and she was extremely patient with us. She was easy to communicate with, understand, and a pleasure to work with – I highly recommend Jody!

J.T.