1515 Central Ave Billings, MT 59102-5137
This exceptional commercial investment opportunity presents two retail suites situated on the highly visible Central Avenue in Billings, Montana. The property encompasses 0.21 acres and offers a compelling blend of immediate income and future growth potential. Suite 1 is currently leased under a dependable 5-year agreement, providing a consistent rental income stream for the investor. This ensures a stable return on investment from day one. Suite 2 is vacant, presenting a unique opportunity to secure a new tenant and further increase the property's profitability. The flexibility of this space allows for a variety of business ventures. Both suites boast the added convenience of attached enclosed garages, a valuable amenity for tenants. The property's prime location is enhanced by a highly visible pole sign, guaranteeing maximum exposure and attracting potential customers. This strategic positioning on Central Avenue ensures high traffic and visibility, making it an ideal location for businesses seeking a strong presence in the Billings market. The combination of a secure, income-producing tenant and a vacant suite ready for immediate development makes this a truly attractive investment opportunity for those seeking both short-term returns and long-term appreciation. The asking price for this prime commercial property is $475,000.
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Seder's Heating and Cooling HVAC Service General Contractor
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Daves Electronics Telecommunications Service Data Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Billings, MTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.