Multi Family Real Estate - Multifamily Property For Sale at 730 Oilfield, Shelby, MT 59474 | Multi Family Apartments For Sale

Investment Summary

Located in Shelby, Montana, the county seat of Toole County, the property benefits from its position within a regional transportation and agricultural hub in north-central Montana. Shelby sits at the junction of Interstate 15 and U.S. Highway 2—two major corridors connecting the Pacific Northwest, the Midwest, and the Canadian border. The community serves as a service center for surrounding agricultural and energy industries, with the regional economy supported by grain farming, cattle ranching, transportation, and renewable energy development. Its role as the primary commercial center for Toole County and surrounding rural communities helps sustain consistent workforce housing demand.
The asset is located approximately 35 miles south of the Canadian border and about 80 miles east of Glacier National Park, providing regional connectivity to both cross-border trade and Montana’s growing outdoor tourism economy. Shelby also sits along the BNSF transcontinental rail corridor and the Amtrak Empire Builder passenger line, reinforcing its long-standing role as a transportation gateway across northern Montana.
In addition to transportation and agriculture, the area benefits from proximity to outdoor recreation and regional tourism drivers including Glacier National Park, the Sweet Grass Hills, and the Rocky Mountain Front. Travelers moving along U.S. Highway 2—often referred to as the “Hi-Line”—regularly pass through Shelby while accessing Glacier National Park and other outdoor destinations throughout northern Montana. This combination of transportation infrastructure, regional employment drivers, and tourism-related traffic supports stable housing demand in a supply-constrained rural market with limited multifamily inventory.

Location Summary

Shelby, Montana, serves as a strategic small-town hub along Montana’s northern Hi-Line, combining regional transportation access, agricultural productivity, and proximity to some of the Northern Rockies’ most notable outdoor destinations. Located in north-central Montana within Toole County, Shelby sits at the intersection of Interstate 15 and U.S. Route 2—two major transportation corridors that connect the Canadian border, regional agricultural communities, and key Montana population centers. Positioned approximately 35 miles south of the Canadian border and roughly 85 miles north of Great Falls, the community functions as an important service and logistics stop for travelers, freight movement, and residents throughout the Hi-Line region. Shelby is also served by the Amtrak Empire Builder passenger rail line, which provides daily east-west service across the northern United States, reinforcing the town’s historic role as a transportation and commerce hub.
The surrounding region is defined by expansive agricultural landscapes, energy development, and access to outdoor recreation. The economy of Toole County and the broader Hi-Line area is historically rooted in grain farming, cattle ranching, and transportation infrastructure, while more recent energy investments—such as the nearby Glacier Wind Farm—have added renewable power generation to the regional economic base. Residents and visitors enjoy wide-open prairie views with the dramatic backdrop of the Rocky Mountain Front and the nearby Sweet Grass Hills, which provide opportunities for hiking, wildlife viewing, and scenic drives across northern Montana’s high plains.
The community also benefits from its proximity to major tourism destinations in the Northern Rockies. Shelby lies approximately 80 miles east of Glacier National Park, one of the most visited national parks in the United States, drawing millions of visitors each year for hiking, alpine scenery, and access to the famed Going-to-the-Sun Road. Travelers moving between Montana, Alberta, and the Pacific Northwest frequently pass through the Shelby area via U.S. Route 2 or Interstate 15, contributing to consistent regional traffic and supporting local lodging, dining, and service businesses.
Within the community itself, amenities such as the Marias Museum of History and Art, the Carousel Rest Area of Shelby, and numerous local parks reflect the town’s heritage and civic investment in community gathering spaces. Recreational amenities including Lake Shel-oole, regional golf courses, and trails further contribute to the area’s small-town lifestyle and outdoor orientation.