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    1515 Central Ave Billings, MT 59102

    Sponsored
    For Sale
    $475,000

    Billings Retail Property: Income & Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 Features for 1515 Central Ave

    General Information

    Property type
    Retail properties
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Seder's Heating and Cooling Hvac Contractor Daves Electronics Internet Service Provider

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5548
    Latitude
    45.76999

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    FAQs

    What type of property is this?
    Retail property - Billings Retail Property: Income & Potential
    Where is this retail property located?
    The property is located at 1515 Central Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $475,000.
    (406) 655-0005
    Request Owner's contact information
    1515 Central Ave Billings, MT 59102
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    Billings, MT 59102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 Central Ave Billings, MT 59102
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