1780 Shiloh RdBillings, MT 59106

Property Details for 1780 Shiloh Rd

Year built

2004

Property size (Sq ft)

10,400 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Billings, Montana retail investment opportunity presents a 10,400 square foot, single-story shopping center situated on a prominent corner lot at 1780 Shiloh Road. Built in 2004, the Class B property features seven individual units, currently 80% occupied, with six tenants under NNN leases. Each tenant pays a common area maintenance (CAM) charge and management fee, contributing to a strong net operating income (NOI) of $120,245 and a 5.59% capitalization rate. The property boasts a highly visible monument sign on a major thoroughfare with 13,523 vehicles passing daily. The zoning is NMU (Neighborhood Mixed-Use), allowing for flexibility. The 39,878 square foot lot provides ample space, including 46 parking spots. The property's mix of office and retail space caters to diverse tenant needs. Located near new commercial developments, including a City Brew, this center offers a compelling investment opportunity with significant potential for growth and return. The asking price is $2,150,000, translating to $206.73 per square foot. A 1031 exchange may be possible.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7872

Longitude

-108.618

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