Rare opportunity to acquire a prominent, character-rich commercial building in the center of Dillon's historic downtown district. Offering approx 21,882sf across 2 levels & a basement, this architecturally distinctive property was constructed in 1910 & stands as one of the city's most recognizable structures. Situated on a 0.20-acre parcel w C-3 zoning, property allows for a wide range of commercial uses, incl office, retail, restaurant, gallery/showroom, or live-work conversions. Excellent street visibility & multiple access points from S Montana ST and E Glendale ST, within walking distance of local shops, dining, & essential services. Historic appeal, generous square footage &adaptable layout, it is ideally suited for adaptive reuse. Investors can explore multi-tenant leasing opportunities targeting small businesses & creative professionals, while owner-users may envision a transformative project such as a boutique hotel, food hall, or community-oriented facility. As Dillon continues to grow as a commercial and lifestyle destination in Southwest Montana, this property offers a compelling investment with both income potential and cultural significance. Whether preserved and repurposed or creatively redeveloped, 28 South Montana Street presents a unique chance to anchor a revitalized downtown corridor.