2223 Montana AveBillings, MT 59105

Property Details for 2223 Montana Ave

Year built

1928

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

16,050 SF

Zone code

CBD

Property type

Retail space

APN

03-1033-33-3-10-01-0000

APU

3103333310010000

Description

This exceptional 1,750-square-foot retail space at 2223 Montana Ave, Suite 104, in Billings, Montana, presents a unique blend of historic charm and modern functionality. Located in Yellowstone County, this single-tenant property boasts meticulously preserved architectural details, seamlessly integrated with contemporary industrial finishes. The recent renovations have flawlessly enhanced the building's vintage character while adding high-end industrial elements, creating a sophisticated and inviting atmosphere. Its prime downtown Billings location offers unparalleled access to a vibrant array of amenities, including diverse dining options, shopping, entertainment venues, and breweries, ensuring high visibility and foot traffic. The property's strategic position within the city center provides significant advantages for businesses seeking a prominent presence in a thriving commercial district. This space is ideal for a variety of businesses seeking a unique and well-appointed location in the heart of Billings. The property's history and modern upgrades combine to create a truly exceptional commercial opportunity. The building's address is 2223 Montana Ave, Suite 104, Billings, MT 59101. This single-suite property offers a total of 1,750 square feet of retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $4,083,290

  6.5%

  $3,769,190

  7%

  $3,499,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,221,920

  Geo Method

  $1,379,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,355,520

  Mixed-Use / Specialty

  $3,753,630

  Hospitality / Lodging

  $2,751,160

  Office

  $3,729,130

  Institutional / Educational

  $3,901,510

  Residential Income

  $4,564,770

  Multifamily

  $5,486,470

  Automotive / Energy

  $3,344,150

  Parking / Income-Based Land

  $1,156,120

  Restaurant / Food Service

  $1,947,770

  Healthcare / Senior Housing

  $3,851,450

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7846

Longitude

-108.499

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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