124/126 S 2nd, Livingston, MT 59047

Leased units and immediate income anchor this historic downtown Livingston building, offering 8,151 square feet of flexible mixed-use space just a short drive from Bozeman. Six units of varying sizes include two offices facing the street, shared conference rooms, a common area with kitchenette, air conditioning, and oversized windows that bring in natural light and downtown views. A separate studio apartment with private alley access adds residential income and works well as a live/work setup, a long-term lease, or a nightly rental. Offered at a 7% pro forma cap rate, this commercial investment property delivers cash flow today and clear upside for an owner ready to add value. Limited use restrictions in the historic district support professional offices, retail, medical, creative studios, coworking, and residential concepts, surrounded by established neighboring businesses. As a northern gateway to Yellowstone National Park, the location draws visitors throughout the year while keeping its authentic small town Montana character. Review the floor plans in the listing photos, then schedule a private tour to see the income potential in person.