100 Wicks LnBillings, MT 59105

Property Details for 100 Wicks Ln

Year built

1979

Construction

WOOD

Lot size

2.44 AC

Property size (Sq ft)

6,156 SF

Zone code

RP

Property type

Medical offices

Property subtype

Medical centers

APN

03-1033-21-1-19-06-0000

APU

3103321119060000

Description

This exceptional 2.44-acre property located at 100 W Wicks in Billings, Montana, presents a unique investment opportunity. Priced at $2,000,000, the existing office building offers significant potential for various uses, allowing for either continued operation in its current configuration or complete reconfiguration to suit a new tenant's needs. The property's prime location in the Heights area of Billings offers excellent visibility and accessibility. A key advantage is the substantial 2.44-acre lot, providing ample space for future expansion. The existing building boasts a sophisticated and efficient heating and cooling system, a testament to its well-maintained infrastructure, despite its age. This feature ensures comfortable and cost-effective operation year-round. The expansive land area allows for the construction of additional buildings, making this property ideal for businesses seeking growth and expansion opportunities. This is a rare opportunity to acquire a well-situated property with significant development potential in a thriving Billings neighborhood. The combination of existing building infrastructure and substantial land makes this a highly attractive investment for discerning buyers. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,367,215

  6.5%

  $1,262,045

  7%

  $1,171,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,049

  Geo Method

  $508,609

• Alternative Use

  Use

  Valuation

  Residential

  $1,564,935

  Hospitality

  $1,433,472

  Educational

  $1,192,632

  Medical

  $1,233,649

  Retail

  $1,855,206

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.8268

Longitude

-108.489

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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