225 Reeder StDillon, MT 59725

Property Details for 225 Reeder St

Year built

1923

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

15,648 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-0326-19-2-32-01-0000

APU

18032619232010000

Description

Discover exceptional office space at the Old School Lofts, a beautifully renovated 25,824 square foot building in Dillon, Montana. Originally constructed in 1920 and extensively remodeled in 2019, this three-story building offers a unique blend of historic charm and modern amenities. Currently, 7,632 square feet of space is available for lease, with multiple lease options catering to various business needs. Individual suites range from 345 to 620 square feet. The building boasts a variety of office subtypes, including traditional, executive, coworking, medical, and creative office spaces. Each space features tasteful upgrades, including original cabinets and large east-facing windows. Shared common bathrooms are conveniently located in the hallways. Heat and internet are included in the lease. Furnished or unfurnished options are available. The Old School Lofts, also known locally as the Mary Innes School, enjoys a prime location within walking distance of Dillon's commercial district, offering easy access to restaurants, shops, and other amenities. Street parking is available for tenants. This property presents a fantastic opportunity for businesses seeking a unique and well-appointed space in a vibrant small town setting, surrounded by the stunning natural beauty of Montana.

• CAP approach

  CAP return

  Valuation

  6%

  $2,798,416

  6.5%

  $2,583,154

  7%

  $2,398,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,336,310

  Geo Method

  $3,336,310

• Alternative Use

  Use

  Valuation

  Residential

  $3,203,110

  Hospitality

  $2,934,032

  Educational

  $2,441,080

  Medical

  $2,525,032

  Retail

  $3,797,236

Location Insight

City

Dillon

County

Beaverhead

State

Montana

Latitude

45.2144

Longitude

-112.637

Property Tax & Assessments

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