811 2Nd AveBillings, MT 59101

Property Details for 811 2Nd Ave

Year built

1963

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

4,108 SF

Zone code

CI

Property type

Other commercial real estate

Property subtype

Showrooms

APN

03-1033-34-2-15-02-0000

APU

3103334215020000

Description

This exceptional 4,108 sq ft flex space in Billings, Montana, presents a lucrative investment opportunity. Located at 811 2nd Ave N, this single-story, 1963-built building boasts a 2016 renovation and sits on a 0.277 sq ft lot. Currently leased for $2,500/month with annual rent bumps, the property offers a strong return on investment with a remaining lease term of approximately 1.3 years (expiring February 28, 2026). The asking price is $495,000, translating to $120.50 per square foot. Ideal for a variety of uses, the property features 15' ceilings, two overhead doors, a loading ramp, and 3-phase power. The building is zoned I1-Light Industrial and benefits from its location within the EBURD (tax increment district). The property includes both office and shop space, making it suitable for businesses requiring both administrative and operational areas. A new 60 mil roof was installed in 2021, ensuring long-term structural integrity. This central Billings location provides easy access to all areas of the city and county, with the Lockwood interchange nearby. The property's strong tenant occupancy and desirable features make it an attractive investment prospect. The property's APN is A09334.

• CAP approach

  CAP return

  Valuation

  6%

  $1,341,173

  6.5%

  $1,238,006

  7%

  $1,149,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,618,384

  Geo Method

  $855,295

• Alternative Use

  Use

  Valuation

  Residential

  $1,044,304

  Hospitality

  $956,577

  Educational

  $795,861

  Medical

  $823,232

  Retail

  $1,238,006

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7948

Longitude

-108.483

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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