212 S Merrill Ave
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$300,000 
MLS #:
331274
Beds:
1
Baths:
1.25
Sq. Ft.:
4125
Lot Size:
0.09 Acres
Yr. Built:
1900
Type:
Single Family
Single Family - Resale Home
Taxes/Yr.:
$1,739
Area:
Downtown
Address:
212 S Merrill Ave
Glendive, MT 59330
Fully Leased Mixed-Use Investment - 10% Cap Rate
Income-producing mixed-use commercial property offered subject to existing lease. The lower-level commercial space is secured by a 5-year lease with an option to renew, providing stable long-term income. The upper apartment is also leased, resulting in full occupancy by a single tenant. Current gross annual rent totals $38,400 with an estimated net operating income of approximately $30,000, reflecting an attractive ~10% cap rate at the current asking price. Property is being sold as an investment opportunity and will transfer subject to all existing lease terms. Ideal for investors seeking predictable cash flow with minimal management in a proven downtown location.
Interior Features:
Cooling: Central Air
Flooring- Wood
Updated Kitchen
Work Shop
Exterior Features:
Construction: Brick
Foundation: Poured-wall
Roof: Flat
Style: 2 story + basement
Appliances:
Dishwasher
Dryer
Heating: Forced Air-Gas
Oven/Range- Electric
Refrigerator
Washer
Water Heater- Nat. Gas
Other Features:
Resale Home
Utilities:
Garbage Collection
Power: MDU
Sewer: City
Water: City/Public
Listing offered by:
Kristi Bogar - License# 88066 with Realty One - (406) 377-5201.
Map of Location:
Data Source: Listing data provided courtesy of: Glendive Montana MLS (Data last refreshed: 01/15/26 1:12am) - 245

Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
Contact Listing Agent
Kristi Woodward
Kristi Woodward - Broker/Realtor®
Realty One
Office: (406) 377-5201
Mobile: (406) 989-1668
#88066
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Down Payment: $
Mo. Payment: $
Calculations are estimated and do not include taxes and insurance. Contact your agent or mortgage lender for additional loan programs and options.
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