1123 3Rd AveBillings, MT 59101

Property Details for 1123 3Rd Ave

Year built

1956

Construction

WOOD

Lot size

0.56 AC

Property size (Sq ft)

10,455 SF

Zone code

CI

Property type

Retail space

APN

03-1033-33-1-17-05-0000

APU

3103333117050000

Description

This exceptional Billings, Montana commercial property, located at 1123 3rd Ave N, presents a unique investment opportunity. The 10,455 square foot building sits on a substantial 24,500 square foot lot, zoned for East Billings Industrial Sanctuary use. Originally constructed in 1925 and extensively renovated in 2012, the property offers a blend of modern amenities and classic charm. The building's flexible layout caters to a variety of office and industrial needs, with multiple tenancy options available. Currently, there are two spaces available, ranging from 2,500 to 4,500 square feet, ideal for businesses seeking a combination of office and warehouse/shop space. The property's strategic location in the heart of Billings provides excellent access to major transportation routes and a thriving business community. This well-maintained building represents a rare opportunity to acquire a versatile commercial property in a desirable location, offering significant potential for growth and return on investment. The 2012 renovation ensures modern functionality and efficiency, while the generous lot size allows for future expansion or outdoor storage. Don't miss this chance to secure a prime commercial space in the dynamic Billings market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,413,331

  6.5%

  $3,150,767

  7%

  $2,925,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,663,876

  Geo Method

  $2,176,756

• Alternative Use

  Use

  Valuation

  Residential

  $2,657,790

  Hospitality

  $2,434,521

  Educational

  $2,025,493

  Medical

  $2,095,153

  Retail

  $3,150,767

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7938

Longitude

-108.488

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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