8 Aspen Development Site 910 8th Avenue Lot | Résidentiel | 0,58 ha | À vendre | 6 256 532 € | Bozeman, MT 59715

Colliers is pleased to present for sale a prime development opportunity located in Bozeman’s Midtown Urban Renewal District. The offering includes a 1.447-acre, fully assembled infill site entitled for a 289-unit mixed-use project that will deliver much-needed housing and commercial space in one of Bozeman’s most dynamic growth corridors.
Positioned just west of North 7th Avenue and bounded by North 8th Avenue, Aspen Street, and Juniper Street, the site is currently vacant and comprises seven contiguous parcels. The property is zoned B-2M – Commercial Business District–Mixed Use, which supports a walkable, urban development pattern consistent with Bozeman’s Midtown Growth Policy designation of Community Commercial Mixed Use.
The proposed project will include a single 194,000-square-foot mixed-use building with 289 residential units, targeting both workforce and affordable housing, along with activated ground-floor commercial space along Aspen Street. The project will provide off-street parking and will extend both Aspen and Juniper Streets to North 8th Avenue, contributing to Midtown’s ongoing transformation into a vibrant, pedestrian-friendly district. With support from the City of Bozeman and eligibility for Tax Increment Financing, the project could benefit upwards of $5 million in public infrastructure improvements.
Bozeman continues to experience exceptional demographic and economic growth, with a population increase of 66% since 2010 and a median single-family home price that has surged 88% in the past five years to $930,000. As a result, rental demand remains high, particularly for well located, attainable housing options. The Midtown site provides a timely solution to this housing challenge while also capturing commercial value in an emerging tech and innovation hub with strong employment drivers.
The Offering represents a rare opportunity to acquire an entitled, infrastructure-supported development site in one of Bozeman’s most up-and-coming neighborhoods. With high barriers to entry, limited infill land availability, and growing support for smart-growth housing solutions, this project is well-positioned to deliver meaningful long-term value.