450 Loomis Way & 420 Sage Avenue Ennis, MT 59729
3.21 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Subdivision North Forty
MLS Listing ID 413036
Tax Year 20
Lot Size 3.210 Acres
Acres 3.21
Property Sub-Type Building
Property Description
Located within the North Forty master-planned community in Ennis, Montana, the offering includes eight completed luxury condominium residences that have established the project's architectural identity and demonstrated demand for high-quality residential product. Beyond the existing residences, the Property offers the opportunity to develop additional luxury residential units, higher-density multifamily housing, boutique hospitality, or a thoughtfully integrated mixed-use concept, subject to applicable approvals and a purchaser's due diligence.
Existing roads, utilities, and horizontal infrastructure significantly reduce entitlement risk, development timelines, and capital requirements compared to a typical greenfield project, allowing an investor to focus on executing the next phase of development.
Positioned approximately one hour from both Yellowstone National Park and Big Sky Resort, Ennis has emerged as one of Montana's most desirable recreation markets. Anchored by the world-renowned Madison River, the area attracts year-round visitors and residents seeking exceptional fly fishing, hunting, hiking, skiing, and mountain recreation. Continued population growth, increasing tourism, and limited luxury housing inventory have created strong demand for high-quality residential and hospitality product.
Whether completed as a luxury condominium community, expanded into a higher-density residential project, developed as a boutique hospitality destination, or executed through a phased mixed-use strategy, The Drift offers multiple paths to unlock value. With completed improvements already in place, existing market validation, and meaningful remaining development capacity, the Property represents a unique opportunity to acquire a premier development platform in one of Montana's most supply-constrained and desirable mountain communities.
Location
State MT
County Madison
Area Madison/Beaverhead/Jefferson
Direction From Ennis, travel north on US Highway 287. Turn left onto Laura Lane, then right onto Otis Avenue. Continue to the property, which will be on the right.
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Fiber Optic Available, Sewer Available, Water Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID 0027023326 & 0027023322
Acceptable Financing Cash, 3rd Party Financing
Listing Terms Cash, 3rd Party Financing
Special Listing Condition None