Blue Sapphire

48 Market Place

Big Sky , MT 59716

MLS#: 406104

$5,500,000

Status: Active
Listing number: 406104
Listing provided by: Outlaw Realty
Listing agent phone: None
Last update: 26 days ago
On site: a month ago
Browse Properties
Meadow Village - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2007

Sq.Footage

8,165

Introducing 48 Market Place, a great opportunity for whole-building ownership in the heart of Big Sky’s Meadow Village. Originally constructed in 2007, it spans over 8,000 square feet and features a diverse mix of commercial and residential spaces — offering income, flexibility, and long-term investment potential in one of Montana’s most desirable mountain communities. The property underwent significant interior renovations within the past 3–4 years, introducing updated finishes, modern systems, and refreshed interiors throughout. The building includes two street-level commercial suites — one currently leased to a thriving local coffee shop, and the other, formerly a real estate showroom, beautifully finished and ready for a new concept ideal for retail, office, or professional use. Both spaces benefit from nearly 1,300 square feet of basement storage, providing valuable additional space for operations or inventory. The residential spaces have been thoughtfully updated and provide excellent income potential or flexible housing options for on-site management or staff. The units include one spacious five-bedroom apartment (each bedroom with individual locks and two showers), one three-bedroom residence with a private bath, and one luxury three-bedroom unit featuring two full bathrooms, large picture windows, Subzero refrigerator, and beautiful mountain views. Located in Big Sky’s established Meadow Village commercial core, 48 Market Place is surrounded by anchor tenants such as American Bank, the Post Office, and Country Market, along with local restaurant favorites Olive B’s and Michelangelo’s. With year-round visibility, accessibility, and consistent traffic from residents and visitors alike, this well-maintained, mixed-use property represents a rare opportunity to own a proven, income-producing asset in the heart of Big Sky. 48 Market Place — own a cornerstone of the Meadow Village community. Reach out today to schedule your private tour.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Common

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1617

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $5,500,000

  • Tax Amount

    16486.56

  • Zoning

    CALL - Call Listing Agent for Details

  • Sq. Footage

    8, 165

  • Price/SqFt

    $673

HOA

  • Association

    Yes

  • Association Fee 2

    $545

  • Association Fee

    $18,270

  • Association Fee Frequency

    Annually

  • Association Fee 2 Frequency

    Annually

  • Association Fee Includes

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Full

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Gallatin

Elementary School

Middle School

High School

Listing Courtesy of Michael Pitcairn , Outlaw Realty

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Introducing 48 Market Place, a great opportunity for whole-building ownership in the heart of Big Sky’s Meadow Village. Originally constructed in 2007, it spans over 8,000 square feet and features a diverse mix of commercial and residential spaces — offering income, flexibility, and long-term investment potential in one of Montana’s most desirable mountain communities. The property underwent significant interior renovations within the past 3–4 years, introducing updated finishes, modern systems, and refreshed interiors throughout. The building includes two street-level commercial suites — one currently leased to a thriving local coffee shop, and the other, formerly a real estate showroom, beautifully finished and ready for a new concept ideal for retail, office, or professional use. Both spaces benefit from nearly 1,300 square feet of basement storage, providing valuable additional space for operations or inventory. The residential spaces have been thoughtfully updated and provide excellent income potential or flexible housing options for on-site management or staff. The units include one spacious five-bedroom apartment (each bedroom with individual locks and two showers), one three-bedroom residence with a private bath, and one luxury three-bedroom unit featuring two full bathrooms, large picture windows, Subzero refrigerator, and beautiful mountain views. Located in Big Sky’s established Meadow Village commercial core, 48 Market Place is surrounded by anchor tenants such as American Bank, the Post Office, and Country Market, along with local restaurant favorites Olive B’s and Michelangelo’s. With year-round visibility, accessibility, and consistent traffic from residents and visitors alike, this well-maintained, mixed-use property represents a rare opportunity to own a proven, income-producing asset in the heart of Big Sky. 48 Market Place — own a cornerstone of the Meadow Village community. Reach out today to schedule your private tour.

48 Market Place

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Related Properties

66 Market Place presents a rare opportunity to acquire an income-producing property in the heart of Meadow Village, Big Sky, Montana. Built in 1972 and renovated in 2000 and again between 2017–2019, the ±12,157 SF building sits on a ±0.292-acre parcel with ample parking and excellent accessibility. As one of the few full-building ownership opportunities in Meadow Village—this asset represents a unique and irreplaceable investment. The property includes two ground-floor retail suites—anchored by the long-standing Country Market and a recently opened Ethnic Market. The second floor includes a mix of office and residential units. This mix of retail and residential provides a stable, diversified income stream while addressing Big Sky’s workforce housing shortage. Strong occupancy, long-term tenancy, and straightforward management further enhance the investment profile. With limited inventory in Meadow Village and growing demand across both retail and housing sectors, 66 Market Place offers investors a compelling long-term upside. Its combination of scale, tenant stability, and conversion potential positions the property as a best-in-class opportunity in one of Montana’s most dynamic resort communities.
#406017

Big Sky

66 Market Place

None Beds

None Baths

12,157 Sq.Ft.

$5,500,000

MLS#: 406017

- property

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