1616 Venture CirBillings, MT 59101

  • Land
  • 3.07 AC
For Sale
$401,187 View listing

Property Details for 1616 Venture Cir

Lot size
3.07 AC
Property type
Land
Property subtype
Commercial land
APN
03-1034-18-4-01-27-0000
APU
3103418401270000

Description

This exceptional 3.07-acre parcel of land presents a prime opportunity for industrial development in Billings, Montana. Located at 1616 Venture Circle, this property boasts Heavy Industrial (I2) zoning, making it ideal for a wide range of industrial uses. The land is conveniently situated near the Billings Bypass project, a multi-phase initiative slated for completion in 2026, which will significantly enhance connectivity to Lockwood, Billings Heights, and the I-90/I-94 interchange. This strategic location offers easy access to major transportation routes, ensuring efficient logistics and distribution. Utilities, including gas and electricity, are already stubbed to the property, streamlining the development process. The asking price is $401,187, translating to a land value of $3 per square foot. The property is classified as a Base Flood Zone (AE), indicating a less than 1% annual flood risk. 2023 property taxes amounted to $4,141.85. This "shovel-ready" site is ready for immediate development, presenting a compelling investment opportunity in a rapidly growing area. The property's APN is C16722 and is located in Yellowstone County, Montana, zip code 59101. This is a rare opportunity to acquire a well-positioned industrial lot with excellent access and infrastructure in place.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $33,995,628
    Hospitality
    $31,139,814
    Educational
    $25,907,960
    Medical
    $26,798,974
    Retail
    $40,301,272
1616 Venture Cir, Billings, Montana

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.8285
Longitude
-108.409
CBSA code
13740
CBSA name
BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,000
-
-
$283,096
-
$283,096
-
$283,096

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