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Property profile & analytics
OFF-MARKET
Retail space

1515 Central Ave Billings, MT 59102-5137

3,801 SF 0.21 ac lot Built 1953
Individually Owned 23-yr Hold
Property ID
US52-0951480
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Construction WOOD
Total area 3,801 SF
Lot 0.21 ac (9,322 SF)
Zoning code CC
APN 03-0927-05-3-01-06-0000
UPID US52-0951480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Seder's Heating and Cooling HVAC Service General Contractor
  • Daves Electronics Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ron Seder · 23 yrs held
Ron Seder
since 2003
7 recorded transactions
2023
Price N/A
2018
Price N/A
2009
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CC · Billings, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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