101 N Rouse Avenue,Bozeman, MT 59715
Bozeman, MT 59715
Description
Introducing the Iconic Bozeman Taproom building for sale. This historic Bozeman Building received the Bozeman Beautification Award in 2016 for after an extensive remodel. The remodel included a completely new steel internal structure, new foundation and concrete floor, new walls, electrical, plumbing, HVAC, fire suppression system, rooftop, windows, doors, etc. the only part of the building that was saved was the original exterior brick and the some of the interior ceiling joist/timbers. The building includes two separate spaces; the Taproom Bar and a smaller separate office/retail space currently being used as a Real Estate Brokerage. This sale does not include either of the businesses. Both spaces are currently leased. The Taproom just renewed their lease for an additional 5 more years with two more consecutive options thereafter. The Real Estate Brokerage's current Lease ends July 1st 2026. The leases are both a true Triple Net; the tenants pay all taxes, common area expenses, utilities, garbage, etc. Rents total 91,822.44 with a 3% annual escalator. If your looking for a property with some serious upside there is the potential to turn the office/retail unit into a "Speak Easy" Bar and/or liquor store by utilizing the full Liquor License from the neighboring Taproom. This would have to be negotiated with the owners of the Taproom business but they are completely open to the idea. The Taproom Restaurant and Bar has a main floor area that is approximately 2700 SF with an additional 950sf of rooftop deck and patio space. The owners of the Taproom bar have expressed interest in enclosing the rooftop patio to create a year round space. There is also a small ~300 sf basement that is used for food storage, utilities and a dish washing area for the restaurant. The separate office/retail unit is approximately 1050 sf which includes its own full Kitchen, a bathroom, and 3 small offices with a large open office area. The office has its own heating and cooling but shares water and sewer. If you are looking for a very stable worry free investment in downtown Bozeman properties like this don't come around very often.
Details
| MLS # | 410791 |
|---|---|
| Listing Type | For Sale |
| Style | Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 129 |
| Listing Provided By | Realty One Group Peak | Mikey Duquette |
Features
| SQ Feet | 3,700 |
|---|---|
| Zoning | Downtown Bozeman |
| Acreage | 0.08 |
Parking
| Parking Features | On Street |
|---|
Taxes
| Tax Annual Amount | 21647.04 |
|---|
Area Information
| State | MT |
|---|---|
| County | Gallatin |
| City | Bozeman |
| Zip Code | 59715 |
| Area | Bozeman City Limits |
| Subarea | 1NE Boz N of Main | E of 19th |
| Listing VS Median (in 59715) | |
Price: $2,299,000 low | high Med: $975,000 sqft: 3,700 low | high Med: 1,991 $ / sqft: $621 low | high Med: $490 On site: 129 low | high Med: 338 | |
Market Activity 59715
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Learn More About This Property
| State | MT |
|---|---|
| County | Gallatin |
| City | Bozeman |
| Zip Code | 59715 |
| Area | Bozeman City Limits |
| Subarea | 1NE Boz N of Main | E of 19th |
| Listing VS Median (in 59715) | |
Price: $2,299,000 low | high Med: $975,000 sqft: 3,700 low | high Med: 1,991 $ / sqft: $621 low | high Med: $490 On site: 129 low | high Med: 338 | |
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