Position your business at one of the Red Lodge area's most visible commercial locations. Just two miles north of town, this 10.28± acre property offers approximately 970 feet of frontage along US Highway 212, capturing year-round local traffic and visitors traveling to Red Lodge, the Beartooth Highway, and Yellowstone National Park. Exceptional water features include two scenic spring-fed ponds, a developed spring, private well, and transferable water rights, including a historic commercial right once used to produce ice for surrounding communities. Flexible topography, mountain views, natural amenities, and outstanding highway exposure create an ideal setting for a hotel, restaurant, brewery, distillery, event venue, resort, campground, RV park, wellness retreat, mixed-use development, or other commercial venture. Rare location, visibility, water resources, and development potential.