MILLTOWN, MT—Stan Johnson Co. is marketing a movie studio site, where future episodes of the show "Yellowstone" will be filmed. The site includes more than 100 acres of developable land. Jimmy Ullrich and Michael J. Macchia of Stan Johnson Co., together with Mark Twite of Twite Realty Corp/, are listing the property for $11.6 million.

"We're excited to announce this incredibly unique listing opportunity," said Ullrich, Director in Stan Johnson's New York office, in prepared comments. "The current owner spent most of his life in Los Angeles and witnessed the tremendous value creation caused by the film industry. He acquired the Montana site with the intent to develop an industrial park but recently realized the vision for a large-scale movie studio when the television show, 'Yellowstone,' toured the site and acted quickly, signing a lease within days."

Currently, the site features one industrial soundstage building totaling 38,300 square feet, but the tenant will be developing the site into an expanded, fully operational film studio at their own cost. If fully maximized, the property could accommodate up to 1.5 million square feet of studio space and soundstages.