Commercial Property with Income
1045 Central Avenue, Billings, MT 59102
New
SINGLE_FAMILY - Billings, MT
Type:Office
Property size:
2,417 SFLot size:
0.67 AcresPrice / SF:
$206/SF- Added:
- May 23, 2026
- Days on Market:
- 7
- Last Refresh:
- May 29 at 6:06 pm
Property Features for 1045 Central Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- A20306
- Size
- 2,417 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Description
- MOORBERG SUBD, S05, T01 S, R26 E, BLOCK 1, Lot 1, S124' & Lot 2, & N16' LT 1
- Tax Annual Amount
- 4325
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 1
- Building materials
- Brick, WoodSiding
- Roof type
- Asphalt
Listing agent Laura Scheetz License #RRE-BRO-LIC-11390 (406) 591-5556
Listing office Real Estate Hub LLLP 27 Shiloh Rd, Suite #3, billings, MT (406) 206-4886
Listing date May 23, 2026
MLS# 359569
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two separate properties included, offering flexibility for business use and rental income.
- Heavy commercial zoning with seller open to zone change.
- Substantial square footage: Front unit (2,417 sq ft including attic), Garage/Shop (approx. 1,070 sq ft not including attic), and Back unit (approx. 1,084 sq ft).
- Excellent visibility and accessibility.
- Fenced area for parking machinery/vehicles.
- Constructed with durable brick and wood siding.
Overview
This property, located in Billings, MT, includes two buildings at 1045 Central Ave and 1045 1/2 Central Ave, offering a setup suitable for businesses seeking visibility, accessibility, and operational space. The zoning is heavy commercial, and the seller is open to a zone change if needed by the buyer. The front unit measures 2,417 square feet including attic space. A garage/shop provides approximately 1,070 square feet, not including attic space. The back unit is approximately 1,084 square feet. A fenced area is available for parking machinery or vehicles. The property spans 0.6655 acres. The property can be used as a single unit or as two separate units, with the option to rent one for additional income.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $17.40 |
| − Vacancy | −$6.7k | −$2.78 |
| EGI | $35.3k | $14.62 |
| − OpEx | −$8.8k | −$3.65 |
| NOI | $26.5k | $10.96 |
2,417 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$378.5K
$331.2K – $441.6K
NOI $26,495 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$353.5K
$309.3K – $412.4K
NOI $24,744 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$527.4K
$461.5K – $615.3K
NOI $36,916 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Security Management Systems
Electronics & Wireless Store
Reddi Electric
Electrical Service
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.542973
- Latitude
- 45.770074
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two commercial buildings with shop and parking in Billings, MT.
Where is this mixed-use property located?
The property is located at 1045 Central Avenue Billings, MT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two separate properties included, offering flexibility for business use and rental income.; Heavy commercial zoning with seller open to zone change.; Substantial square footage: Front unit (2,417 sq ft including attic), Garage/Shop (approx. 1,070 sq ft not including attic), and Back unit (approx. 1,084 sq ft).
