229 2nd AVE SE, Cut Bank, MT 59427
229 2nd AVE SE, Cut Bank, MT 59427
229 2nd AVE SE, Cut Bank, MT 59427
229 2nd AVE SE, Cut Bank, MT 59427
229 2nd AVE SE, Cut Bank, MT 59427
229 2nd AVE SE, Cut Bank, MT 59427
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$ 2,995,000
Est. payment | /mo

20,932 SqFt


$ 2,995,000
Est. payment | /mo

20,932 SqFt

Key Details

Property Type Commercial

Sub Type Building

Listing Status Active

Purchase Type For Sale

Square Footage 20,932 sqft

Price per Sqft $143

MLS Listing ID 30065238

HOA Y/N No

Year Built 1948

Annual Tax Amount $14,994

Tax Year 2026

Lot Size 0.916 Acres

Acres 0.916

Property Sub-Type Building

Property Description

Introducing the Springhill Apartments, where breathtaking views of the Rocky Mountain Front meet a rock-solid investment opportunity. In the heart of Cut Bank, Montana—a town where rental demand consistently outpaces supply—this 35-unit gem stands out as a premier housing choice. Springhill has been thoughtfully reimagined with a suite of comprehensive renovations. You'll find a refreshed lobby, modern flooring, and updated laundry facilities, all secured by a top-tier camera system. Outside, the property shines with lush new sod, a vibrant playground, and inviting dog parks that make tenants feel right at home. Beyond the aesthetics, the "heavy lifting" is already done: new gas water heaters, plumbing, and electrical updates are all in place. With a dedicated Rental Compliance Manager already driving record-high collections and a doubled rent roll, this is a rare chance to step into a stabilized, low-risk property that delivers from day one. Local Area
Cut Bank, Montana offers the majestic Rocky Mountains on one side and cultivated fields rolling with waves of golden wheat on the other. As part of Montana's productive Golden Triangle, the Cut Bank community is predominately supported by agriculture although there are surrounding small gas and oil wells that boost economy as well. The town was named for the creek running just on the outskirts, the same creek that Meriwether Lewis traveled up with a group of men in the early 1800's on their famous expedition. This area is home to many western adventures with the Rocky Mountain front staging the backdrop. Glacier National Park is a mere hour away. The coveted area nicknamed the “Crown of the Continent” for obvious reasons offers gems and views of gold in the state of Montana. With over 700 miles of trails through pristine forests, alpine meadows sprinkled with bright lovely wildflowers, rugged and tenacious mountains and spectacular sparkling lakes. Visit the historic chalets and lodges for a walk back in time or backpack, cycle, hike, or camp. While taking in the astounding sights of the glacier carved peaks and valleys, set your binoculars on a diverse range of wildlife of Big Horn Sheep, Mountain Goats, deer, Elk, Ptarmigan, and both Black and Grizzly Bear. This highway to heaven is a tough one to ever forget. Experience international travel with the Canadian border a short drive away. For the outdoor enthusiast, this area provides excellent hunting and fishing. Hunt deer, Elk, Antelope, and Big Horn Sheep or upland birds such as Pheasant, Sharptail Grouse, ducks, and geese. Rainbow Trout, Cutthroat, Grayling, Northern and Walleye Pike are the various fish that are popular catches. Fly fish, ice fish, of spin cast on the many lakes, streams, and rivers that are nearby.
Area Attractions
Tiber Dam-Lake Elwell
Hidden away like a prize just east of Shelby, Montana lies a versatile recreational area that provides a place to make golden memories and enjoy Montana scenery and leisure. Tiber Dam-Lake Elwell boasts year-round angling for Walleye, Northern and Sauger Pike, native Trout, Ling, Perch, and others. Try out bow fishing for carp that frequently exceed 20 pounds! Along with many campgrounds and picnicking areas, there are over 178 miles of shoreline to appease swimmers and boaters alike. Five well-maintained boat ramps make it convenient and easy to get your boat in the water. Take in the spectacular windblown sandstone formations and one of the largest earthen dikes in the world over three miles long! Relish in the surrounding area's excellent hunting for Mule and White-Tailed deer, antelope, upland game birds, waterfowl, and varmints. Birdwatching is a popular activity as well. Experience some of Montana's best at the Tiber Dam-Lake Elwell marina!
Fishing the Marias River
The Marias River gently meanders for more than 60 miles through the rolling prairie before it spills into Lake Elwell. It is marked by the soft shale and sandstone bluffs that flank the river. Both cold water and warm water species can be found here, but it is primarily a warm water fishery near Tiber Reservoir. Walleye is the most abundant game fish, and every summer, there is a fishing tournament to declare the best fisherman. Walleye use the upper portion of the Marias for spawning thus the population remains in the river throughout the summer. Cold-water game fish such as Rainbow Trout and mountain whitefish inhabit this portion of the Marias but are lower in numbers. Northern pike, yellow perch, and burbot are other fish species that anglers seek. The non-game fish that inhabit these waters include common carp, Flathead chub, lake chub, emerald shiner, fathead minnow, longnose dace, and Rocky Mountain sculpin.
Sweet Grass Hills
Located in north-central Montana along the Canadian border, the Sweet Grass Hills are an isolated mountain range that invites hiking and wildlife viewing of deer, antelope, elk, fox, golden eagles, and grouse! The Sweet Grass Hills are comprised of three buttes: the West Butte, Middle Butte, and East Butte. Hardly hills, these towering peaks reach 3,000' in elevation! The Hills are a result of igneous activity that occurred about 50 million years ago. Take the Sweet Grass Hills Backcountry Drive for 66 miles of remote and unique scenery.

Location

State MT

County Glacier

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Fireplace No

Exterior

Fence Chain Link

Utilities Available Cable Connected, Electricity Connected, High Speed Internet Available, Phone Connected

Water Access Desc Community/Coop

View Residential

Roof Type Other

Road Frontage City Street

Garage No

Building

Lot Description Sprinklers In Ground

Dwelling Type Multi Family

Building Description Brick, Reception Area,Sign(s),Storage

Foundation Poured, Basement

Sewer Community/Coop Sewer

Water Community/Coop

Structure Type Brick

Others

Tax ID 38452912215140000

Security Features Security System,Fire Alarm

Special Listing Condition Standard

Listed by Corder and Associates LLC

Nearby Locations

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229 2nd AVE SE