1601 Lewis AveBillings, MT 59102

Property Details for 1601 Lewis Ave

Year built

1982

Construction

WOOD

Lot size

1.44 AC

Property size (Sq ft)

36,204 SF

Zone code

CC

Property type

Office buildings

APN

03-0927-06-1-24-01-0000

APU

3092706124010000

Description

This exceptional office building, located at 1601 Lewis Ave in Billings, Montana, offers a blend of traditional and executive office spaces. The property, situated on a 1.44-acre lot, comprises a total of 36,348 square feet, with 3,718 square feet currently vacant. Built in 1982, the building features one elevator and is zoned for neighborhood office use (NO). The property is conveniently located in Billings' midtown area, providing easy access to various amenities and businesses. The building offers ample parking, including reserved spaces for tenants and guests. Accessibility is ensured through ADA compliance. Shared restrooms and a single elevator serve the building's tenants. The property benefits from daily cleaning and regular maintenance, ensuring a clean and well-maintained environment. Currently, one available suite offers 1,496 square feet of space. The property's APN is A19576, and it's located in Yellowstone County, Montana, zip code 59102. This is a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Montana city.

• CAP approach

  CAP return

  Valuation

  6%

  $8,040,694

  6.5%

  $7,422,178

  7%

  $6,892,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,157,117

  Geo Method

  $2,991,174

• Alternative Use

  Use

  Valuation

  Residential

  $9,203,502

  Hospitality

  $8,430,358

  Educational

  $7,013,959

  Medical

  $7,255,180

  Retail

  $10,910,603

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.781

Longitude

-108.557

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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