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Mineral Avenue Offices 317 Mineral Ave

2,500 SF 100% Leased Office Building Libby, MT 59923 $666,585 CAD ($267 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • New 15 YR Roof 2021
  • New Plumbing Line Installed 2022
  • New Exterior Painting 2022

Executive Summary

Good income, listed at a 6.5% cap rate based on 2025 leases currently in place.
Financials accessible in data files available for download here on LoopNet.
Consistently cash flowing investment opportunity with many long-term tenants and historically no vacancy.
Fully leased commercial building located in downtown Libby.
Nicely finished professional office location.
HearUSA is a national tenant, along with three other tenants (a CPA office, a massage therapy office, and a cleaning company) in the building with long-term tenancy.
With many recent improvements including a new 15 YR Roof in 2021, new exterior painting in 2022 and a new sewer plumbing line installed in 2022. Well maintained facility with tenants who are meticulous about cleaning and upkeeping the property. Tenants do nearly all on-site maintenance making this an almost entirely turn-key investment opportunity great for a 1031 exchange or any solid investment.
317 Mineral Avenue is built in the heart of the steadily growing town of Libby, MT which is located in the heart of Montana's breathtaking Cabinet Mountain Range.
Libby is surrounded by endless outdoor activities including fly fishing, hunting, rafting, kayaking, hiking, ATV trails and so much more attracting more and more people to build their businesses, homes and families here.

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
2,500 SF
Building Class
B
Year Built/Renovated
1950/2021
Price
$666,585 CAD
Price Per SF
$267 CAD
Cap Rate
6.50%
NOI
$43,327 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.82
Land Acres
0.07 AC
Opportunity Zone
Yes
Zoning
Business
Parking
5 Spaces (2 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Property Manager on Site
  • Kitchen
  • Central Heating
  • Shower Facilities
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Annie's Cleaning
  • Services
  • 99,999 SF
  • -
  • -
  • Body Honor Massage
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • -
  • HearUSA
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • -
  • Melissa I. Beck CPA, P.C.
  • Finance and Insurance
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Annie's Cleaning Services 99,999 SF - -
Body Honor Massage Health Care and Social Assistance 99,999 SF - -
HearUSA Health Care and Social Assistance 99,999 SF - -
Melissa I. Beck CPA, P.C. Finance and Insurance 99,999 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
56-4175-03-2-28-07-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$445,305 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 32561514

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 317 Mineral Ave, Libby, MT 59923

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