2718 Montana AveBillings, MT 59101

Property Details for 2718 Montana Ave

Year built

1914

Construction

WOOD

Lot size

0.51 AC

Property size (Sq ft)

45,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

03-0927-03-1-25-20-0000

APU

3092703125200000

Description

This exceptional 8,479 square foot office building, located at 2718 Montana Avenue in Billings, Montana's Central Business District, presents a unique opportunity for businesses seeking flexible and stylish workspace. Built in 1914 and renovated in 2015, this Class B property offers a blend of historic charm and modern amenities. The building comprises three stories and seven suites, with a minimum divisible space of 1,140 square feet and a maximum contiguous space of 4,427 square feet. Currently, all 8,479 square feet are vacant, providing significant potential for a single tenant or multiple occupants. The property sits on a 22,000 square foot lot and features one hydraulic elevator (EL4). Convenient parking is available in the Empire Garage directly across the street on 27th Street. The building's location within the Billings Downtown submarket offers unparalleled access to over 800 professional businesses, restaurants, shops, and entertainment venues, all within walking distance. This property is zoned for Central Business District use (APN A29917, Yellowstone County). A free rent incentive is available for qualified tenants. This is an ideal location for executive offices, traditional offices, creative offices, or coworking spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $9,994,226

  6.5%

  $9,225,440

  7%

  $8,566,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,381,891

  Geo Method

  $3,717,900

• Alternative Use

  Use

  Valuation

  Residential

  $11,439,545

  Hospitality

  $10,478,562

  Educational

  $8,718,040

  Medical

  $9,017,867

  Retail

  $13,561,396

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7813

Longitude

-108.504

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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