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Commercial Property with Income Potential

1045 Central Avenue, Billings, MT 59102

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For Sale

$499,900

SINGLE_FAMILY - Billings, MT

Type:Office

Property size:

2,417 SF

Lot size:

0.67 Acres

Price / SF:

$206/SF

HighLights

Sale includes 1045 Central Ave and 1045 1/2 Central Ave
Front unit is 2,417 SF (including attic space)
Back unit is approx. 1,084 SF
Garage/shop is approx. 1,070 SF (not including attic space)
Fenced area for parking machinery/vehicles
1943 construction with brick and wood siding; natural gas forced‑air heat and central air; public water and public sewer

We can help!

Contact an agent

Laura Scheetz

Learn more

For Sale

$499,900

SINGLE_FAMILY - Billings, MT

Type:Office

Property size:

2,417 SF

Lot size:

0.67 Acres

Price / SF:

$206/SF

Added:: May 31, 2026
Days on Market:: 37
Last Refresh:: Jul 6 at 7:06 am

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: Natural Gas, Forced Air
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1943
Floors in Building: 1
Building materials: Brick, WoodSiding
Roof type: Asphalt

We can help!

Contact an agent

Laura Scheetz

Listing agent Laura Scheetz License #RRE-BRO-LIC-11390

Listing office Real Estate Hub LLLP 27 Shiloh Rd, Suite #3, billings, MT

Listing date May 31, 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

Sale includes 1045 Central Ave and 1045 1/2 Central Ave
Front unit is 2,417 SF (including attic space)
Back unit is approx. 1,084 SF
Garage/shop is approx. 1,070 SF (not including attic space)
Fenced area for parking machinery/vehicles
1943 construction with brick and wood siding; natural gas forced‑air heat and central air; public water and public sewer

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

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 (±1% cap)

NOI $26,495 @ 7.0% cap · market cap 5.30%

Second Best

Retail

$353.5K

$309.3K – $412.4K (±1% cap)

NOI $24,744 @ 7.0% cap · market cap 4.95%

Theoretical Best

Office A

$527.4K

$461.5K – $615.3K (±1% cap)

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

Suggested Use

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.542973
Latitude: 45.770074

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For sale
Mixed-use properties
MT
Billings
59102
1045 Central Avenue

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: Sale includes 1045 Central Ave and 1045 1/2 Central Ave; Front unit is 2,417 SF (including attic space); Back unit is approx. 1,084 SF

1045 Central Avenue, Billings, MT 59102

SINGLE_FAMILY - Billings, MT

Property Features for 1045 Central Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Residential Income Property With Three Kitchens

6-Plex Multifamily Building

Remodeled Duplex Investment Opportunity

Five-Unit Apartment Building

Ranch Duplex with Two Units

Billings Grow Facility with Shop

Mixed-Use Property in Billings, MT

Remodeled 7-Plex Investment Property

Purpose-Built Triplex Residence

Westend Industrial Condo/Flex Space

2022-Renovated Fourplex and Two Houses

West End Billings Business Opportunity

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