1420 Minnesota AveBillings, MT 59101

Property Details for 1420 Minnesota Ave

Year built

1971

Construction

STEEL FRAME

Lot size

3.13 AC

Property size (Sq ft)

27,776 SF

Zone code

HI IN CITY

Property type

Showrooms

APN

03-1033-34-3-07-10-0000

APU

3103334307100000

Description

This exceptional industrial property, located at 1420 Minnesota Ave in Billings, Montana, offers 17,406 square feet of versatile warehouse space, perfect for a variety of businesses. The building, constructed in 1971 and extensively renovated in 2023, boasts a Class B rating and sits on a generous 3.12-acre lot. The property features two stories, two dock-high doors, and one loading dock, providing efficient loading and unloading capabilities. Zoned I2-Heavy Industrial, this space is ideal for distribution, manufacturing, or flex operations. The minimum divisible space is 17,406 square feet, with a maximum contiguous space of the same size. The entire building totals 28,265 square feet and is comprised of two suites. The property benefits from a 265-foot frontage on Minnesota Avenue, ensuring high visibility and accessibility. While elevators are not present, the building's design and layout are well-suited for efficient material handling. Note that this property has an exclusion for seed/agriculture businesses. The property is also available for purchase for $4,000,000. Located in Yellowstone County, Montana, with a zip code of 59101, this property presents a significant opportunity for businesses seeking a strategic location in a thriving community. The property's ample space, convenient features, and prime location make it an attractive option for businesses seeking to establish or expand their operations in Billings.

• CAP approach

  CAP return

  Valuation

  6%

  $9,068,258

  6.5%

  $8,370,700

  7%

  $7,772,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,704,036

  Geo Method

  $5,783,030

• Alternative Use

  Use

  Valuation

  Residential

  $7,060,998

  Hospitality

  $6,467,836

  Educational

  $5,381,164

  Medical

  $5,566,230

  Retail

  $8,370,700

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7878

Longitude

-108.487

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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