2303 Montana AveBillings, MT 59101

Property Details for 2303 Montana Ave

Year built

1915

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

12,000 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Retail space

APN

03-1033-33-3-05-04-0000

APU

3103333305040000

Description

This exceptional Class A office suite, located at 2303 Montana Avenue in Billings, Montana, presents a unique leasing opportunity. Situated in the heart of the Central Business District (CBD), this 715 square foot space is part of an 18,000 square foot, two-story building constructed in 1915. The property sits on a 6,500 square foot lot and features a single-tenant occupancy. The suite is located on the second floor and is conveniently accessible via elevator. Shared ADA-compliant restrooms are available for tenant use. Benefit from abundant natural light and an open floor plan, offering flexibility for various office configurations. This location on historic Montana Avenue provides excellent visibility and accessibility. The building's zoning designation is CBD-Central Business District, reflecting its prime location within Billings' commercial core. The property's APN is A00832, and it's located in Yellowstone County, Montana, zip code 59101. This space is ideal for startups, small businesses, or growing firms seeking a prestigious and functional office environment in a vibrant downtown setting. The building itself is a single building on the lot.

• CAP approach

  CAP return

  Valuation

  6%

  $3,917,738

  6.5%

  $3,616,373

  7%

  $3,358,061

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,648,632

  Geo Method

  $2,498,429

• Alternative Use

  Use

  Valuation

  Residential

  $3,050,546

  Hospitality

  $2,794,284

  Educational

  $2,324,811

  Medical

  $2,404,765

  Retail

  $3,616,373

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7843

Longitude

-108.499

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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