2610 Montana AveBillings, MT 59101

Property Details for 2610 Montana Ave

Lot size

0.09 AC

Property type

Land

Property subtype

Commercial land

APN

03-0927-03-1-39-01-2013

APU

3092703139012013

Description

This historic 15,000 square foot, three-story Class A creative office building, located at 2610 Montana Ave, Billings, MT 59101, presents a unique value-add investment opportunity. Originally constructed in 1915, this single-tenant vacant building boasts charming turn-of-the-century features including exposed brick and heavy old-growth wood timbers, creating a unique industrial aesthetic. The building offers approximately 11,250 square feet of net rentable space, with an average floor size of 3,200 square feet, and includes a full basement for additional storage. Situated on a 3,750 square foot lot in Billings' Central Business District, the property benefits from ample off-street parking options, with surface lot parking available at $15 per month and garage parking at $37.50 per month. High-speed internet connectivity (400mps download, 20mps upload) is also available. The property is offered at $575,000, with a pro-forma NOI of $150,000 and a pro-forma cap rate of 26.09%. This is a ground lease property with private ownership. The building's adaptable space is perfect for creative businesses or tech-savvy professionals seeking a unique and historic location in the heart of downtown Billings. This is a NNN lease property.

• Alternative Use

  Use

  Valuation

  Residential

  $1,040,999

  Hospitality

  $953,549

  Educational

  $793,342

  Medical

  $820,626

  Retail

  $1,234,087

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.782

Longitude

-108.503

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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