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233 E Main St
Bozeman, MT 59715
The Osborne - Downtown Mixed-Use Legacy Asset · Retail Property For Sale

Investment Highlights

  • Trophy Downtown Asset – Located on Main Street, Montana’s Most Prestigious Retail Corridor
  • Tax Advantaged – Several Million Dollars of Leasehold Improvements & FF&E Included - Write-Off Substantial Portion of Price by Depreciation
  • Stable Cash Flow – Long-term NNN Leases (6.4 Years of WALT) with Significant Annual Increases Across Tenant Mix
  • New Construction (2020) – Designed by Award-Winning Locati Architects and Built to the Highest Standards
  • Diversified Income – High-End Clothing (STIO & Belle Shops), Premier Dining (Brigade, est.1864), Executive Suites (Regus), T-Mobile Cell Tower
  • Rapid Market Growth – Bozeman Population has Exploded by 60%+ Since 2010 – Outpacing Nearly Every Micropolitan Market Nationwide

Executive Summary

We are pleased to present a generational opportunity to acquire The Osborne, a premier mixed-use asset located on East Main Street in Downtown Bozeman, Montana. Delivered in 2020 and designed by award-winning Locati Architects, this four-story, 33,044-square-foot building represents the only recent ground-up development on Bozeman’s core Main Street corridor – combining best-in-class construction, architectural excellence, and long-term income stability.
The Osborne features a curated tenant mix of high-end retailers, premier dining, executive office suites, and a rooftop telecommunications lease. All tenants operate under long-term leases with annual increases, including NNN structures throughout. Located in the heart of one of the fastest-growing and most affluent
micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.
Located in the heart of one of the fastest-growing and most affluent micropolitan markets in the U.S., The Osborne benefits from walkable access to hundreds of downtown retailers, proximity to Montana State University, and over 4.5 million annual tourists who visit the greater Bozeman–Yellowstone–Big Sky region. This is a rare chance to acquire a Main Street trophy asset in a severely supply-constrained submarket with high barriers to entry.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
33,044 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2020
Price
$28,957,740 CAD
Price Per SF
$876.34 CAD
Cap Rate
6.20%
NOI
$1,796,636 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.99
Lot Size
0.19 AC

Amenities

  • Air Conditioning
  • Balcony

Property Taxes

Property Taxes

Parcel Number
06-0799-07-2-13-14-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$18,162,651 CAD
  • Listing ID: 36124107

  • Date on Market: 2025-06-05

  • Last Updated:

  • Address: 233 E Main St, Bozeman, MT 59715

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