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Multi-Suite Office Condominium
New
For Sale
$450,000

115 N Broadway, Billings, MT 59101

A downtown office floor combines owner-user availability with existing tenant occupancy.

Property Size6,126 SF
Price / SF$73.46
Days on Market2

Property Features for 115 N Broadway

General Information

Standard status Active
Size 6,126 SF
Class B
Property subtype Office

Additional Details

Floor 4
Office Units 6
Tenant in Place Yes
Property Use Office

Building Details

Building Size 6,126 SF
Year Built 1912
Tenancy Multi
Owner Occupied No
Listing Agency: NAI Business Properties
Listed By: Matt Robertson, SIOR
Source: Naiglobal
Added: Oct 23 Last Checked: Oct 23 at 5:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Business Properties

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Investment Insights

Based on property information with market context.

The fourth-floor commercial condominium spans approximately 6,126 square feet in the Montana Power Building, constructed in 1912. Its six private office suites range from approximately 238 to 2,200 square feet. Suite 410, comprising approximately 2,200 square feet, will be vacant at closing; Suites 404 and 406, totaling approximately 2,680 square feet, are currently available. The seller will lease Suite 408 back for one year, and existing tenant income approximately matches the floor’s operating expenses.

The property is in downtown Billings, within walking distance of restaurants, banks, courts, and professional services. The available suites provide near-term occupancy options alongside the seller’s temporary leaseback arrangement.

Key Highlights

  • Fourth‑floor office condominium totals approximately 6,126 SF
  • Six private suites range from approximately 238 to 2,200 SF
  • Suites 404 and 406, totaling approximately 2,680 SF, are available now

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Lease Details

6
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

Demographics for 59101, MT

41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - A downtown office floor combines owner-user availability with existing tenant occupancy.
Where is this office unit located?
The property is located at 115 N Broadway Billings, MT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fourth‑floor office condominium totals approximately 6,126 SF; Six private suites range from approximately 238 to 2,200 SF; Suites 404 and 406, totaling approximately 2,680 SF, are available now
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