122 N Main Street, Livingston, MT 59047

Property Description

Prime Historic Downtown Livingston Investment Opportunity. Own a true piece of Livingston history with the iconic I. Orschel & Bros. building, prominently located at 122 N Main Street in the heart of the Historic District. Listed on the National Registry of Historic Places, this property offers a rare blend of preserved historic character, significant recent restoration, and steady income in one of Montana’s most desirable downtown locations. Originally home to a booming late-1800s clothing store, the building evolved into its current form in 1891 when the addition at 106 E Park Street was linked to 122 N Main, creating its distinctive L-shaped footprint with storefronts on both Main Street and Park Street. In recent months, the property has undergone extensive historical restoration to safeguard its legacy and ensure long-term stability. Skilled craftsmen carefully removed stucco from the brickwork, ground out deteriorated cement joints, and tuck-pointed the masonry, repairing and rebuilding damaged sections with new brick where needed. The facade has been a major focus, with rotted trim, jambs, moldings, and scrolls replaced, new framing installed where necessary, and all exterior surfaces scraped, sanded, treated with lead abatement primer, and repainted. Upper-level windows were removed, repaired, and reinstalled with new interior sills and trim, and the historic upper lettering was replaced with newly fabricated signage and back panels. The entire outdoor deck area was also redone this summer. Currently, the entire main level (2,458 sq. ft.) and 1,356 sq. ft. of outdoor dining are leased under a Triple Net agreement to a long-established and successful food and beverage business, providing guaranteed income for investors. A 350 sq. ft. lower level serves the restaurant with restrooms and storage. The second story features soaring 12-foot ceilings and expansive windows that flood the space with natural light. While some areas await finishing touches, the upstairs holds outstanding potential for offices, loft residences, or creative studio space. One unit is already leased to the restaurant for storage, adding to the income stream. Additional updates include 2 new furnaces and hot water heater. With its prime location, extensive recent restoration, and guaranteed tenant income, the Orschel & Bros. building is more than an investment—it is a chance to own and preserve a living piece of Livingston’s historic core. Schedule your private tour today.