$300,000
313 Main Street
Medicine Lake, MT 59247
MLS# 4019764
8100 sqft


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Property Description
Check out this Unique property in downtown Medicine Lake, Montana! Built in 1920 and completely remodeled in 2013. This property includes a three-story apartment building housing 10 apartments, a house right next to the apartment building, a one stall garage and two lots. The apartments has 3- two bedroom/one bathroom units, 5-one bedroom/one bathroom units and 2 studio units, the building also includes a shared laundry room. All appliances and furniture are included. The home next door has been used for a rental house in the past but is currently not being rented. There is 7 occupied apartments and the seller usually keeps two available for short-term renting. This is a great investment opportunity suitable for both long-term and short term rentals, competitive leasing rates with good rental history.

Details
Maps
Contract Information
List Price/SqFt: 37.04
Price Type: Sale Only
List Price: $300,000
Current Price: $300,000
Date Listed: 2025-05-30
Remarks
Public Remarks: Check out this Unique property in downtown Medicine Lake, Montana! Built in 1920 and completely remodeled in 2013. This property includes a three-story apartment building housing 10 apartments, a house right next to the apartment building, a one stall garage and two lots. The apartments has 3- two bedroom/one bathroom units, 5-one bedroom/one bathroom units and 2 studio units, the building also includes a shared laundry room. All appliances and furniture are included. The home next door has been used for a rental house in the past but is currently not being rented. There is 7 occupied apartments and the seller usually keeps two available for short-term renting. This is a great investment opportunity suitable for both long-term and short term rentals, competitive leasing rates with good rental history.
Location
Sub Area: Outlying Towns MT NE
Street Number: 313
Street Name: Main
Street Type: Street
Area: Outlying Towns MT
State: MT
Zip Code: 59247
County: Sheridan
Legal, Tax and Other Information
Taxes: 6500
Tax Year: 2024
Specials Installment: none
Specials Balance: none
Pending Specials: No
Zoning: R1
Parcel ID: 34-4484-25-1-27-06-0000,34-4484-25-1-27-03-0000
Legal Description: MEDICINE LAKE ORIG TOWNSITE, S25, T32 N, R55 E, BLOCK3 LOT 3-4, LOT 5-6, LOT 7, LOT 8-9
General Property Information
Lot SqFt: 22750
Lot Acres: 0.522
Sub Type Details: Building Only
Lot Dimensions: 50x130,50x130,50x130l
Total Unfinished SqFt: 0
Finished Above Grade SqFt: 6500
Finished Below Grade SqFt: 1600
Garage: Yes
Garage Spaces: 1
Accessibility Features: No
Fee: No
Property Sub Type: Commercial
Year Built: 1920
Total Finished SqFt: 8100
Utilities
Cable Available: 1
Electricity Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Trash Pickup - Public: 1
Business Type
Other: 1
Basement
Concrete: 1
Egress Windows: 1
Finished: 1
Storage Space: 1
Walk-Out Access: 1
Building Info
Laundry Room: 1
Existing Lease Type
Other: 1
Roof
Shingle: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Heating
Baseboard: 1
Electric: 1
Radiant: 1
Architectural Style
Apartment Style: 1
Construction Materials
Block: 1
Concrete: 1
Vinyl Siding: 1
Levels
Three Or More: 1
Flooring
Concrete: 1
Linoleum: 1
Vinyl: 1
Foundation
Block: 1
Listing Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
Possession
Close Of Escrow: 1
Exterior Features
None: 1
Fencing
Vinyl: 1
Lot Features
Rectangular Lot: 1
Water Source
Public: 1
Other Structures
Guest House: 1
Sewer
Public Sewer: 1
Parking Features
Additional Parking: 1
Alley Access: 1
Paved: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Heating: 1
Fee Includes
None: 1
Included
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Amenities
Laundry: 1
Status Change Info
Status: Active
Property Features
Business Type: Other
Building Info: Laundry Room
Existing Lease Type: Other
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Baseboard; Electric; Radiant
Construction Materials: Block; Concrete; Vinyl Siding
Roof: Shingle
Architectural Style: Apartment Style
Levels: Three Or More
Flooring: Concrete; Linoleum; Vinyl
Foundation: Block
Basement: Concrete; Egress Windows; Finished; Storage Space; Walk-Out Access
Exterior Features: None
Fencing: Vinyl
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected; Trash Pickup - Public
Tenant Pays: Cable TV; Electricity; Heating
Fee Includes: None
Included: Dryer; Microwave; Oven; Refrigerator; Washer
Road Frontage Type: City Street
Road Surface Type: Paved
Amenities: Laundry
Listing Terms: Cash; Conventional; No Seller Finance
Possession: Close Of Escrow
Lot Features: Rectangular Lot
Parking Features: Additional Parking; Alley Access; Paved
Other Structures: Guest House

Listing Office: Basin Brokers Realtors

Last Updated: May - 31 - 2025

Information deemed reliable but not guaranteed.