1201 Grand AveBillings, MT 59102

Property Details for 1201 Grand Ave

Year built

1977

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

11,152 SF

Zone code

CC

Property type

Office buildings

APN

03-1033-31-3-01-02-0000

APU

3103331301020000

Description

This exceptional commercial property, located at 1201 Grand Avenue, first floor, in Billings, Montana, offers a versatile and spacious office environment. The 3,992 square foot space is currently available as a sublease, with the lease expiring December 31, 2027. The layout includes ten individual offices, two reception areas, a dedicated conference room, and a large, adaptable area suitable for reception, training, or even walk-in retail. This flexibility allows for customization to suit a variety of business needs. A smaller, 1,770 square foot unit is also available, encompassing eight offices, a reception area, and a conference room. The property is conveniently located in Yellowstone County, Montana, with a zip code of 59102. Ample parking is provided in a spacious lot adjacent to the building. While the property features a shared restroom located on the second floor, the first-floor office space has recently been freshly painted. This presents a unique opportunity to secure a well-appointed office space in a desirable Billings location, with the added benefit of a flexible lease term. The property is classified as Office and Land, with a single tenancy. The building itself contains only one suite.

• CAP approach

  CAP return

  Valuation

  6%

  $2,476,793

  6.5%

  $2,286,271

  7%

  $2,122,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,820,688

  Geo Method

  $921,378

• Alternative Use

  Use

  Valuation

  Residential

  $2,834,976

  Hospitality

  $2,596,822

  Educational

  $2,160,526

  Medical

  $2,234,830

  Retail

  $3,360,818

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7843

Longitude

-108.546

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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