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    303 North Broadway Billings, MT 59101

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    For Sale
    $2,500,000

    Iconic 8-story building in downtown Billings with repositioning potential.

    Property size:
    117,141 SF

    Property Features for 303 North Broadway

    General Information

    Size
    117,141 SF

    Building Details

    Year built
    1954

    Source: Matt Robertson, SIOR Agent Matt Robertson, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Billings High-Rise Opportunity

    Located in the heart of Downtown Billings, Montana, 303 North Broadway is an 8-story high-rise building. Constructed in 1954 and remodeled in 2001, the building has a total area of approximately 117,141 square feet. The property, situated on a lot of approximately 28,364 square feet (with approximately 10,500 SF of lease hold land interest), is zoned for Central Business District. The building is currently used as an office and bank, with US Bank occupying the first two floors. The balance of the building is largely vacant and facing extensive deferred maintenance, offering significant upside for value-add investors, hospitality/multifamily redevelopers, and institutions seeking a prime urban location. The property presents a unique repositioning opportunity. Annual taxes for 2024 are $26,784.89. The building's occupancy is 24.21%.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.352
    Latitude
    45.6311

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    FAQs

    What type of property is this?
    Office building - Iconic 8-story building in downtown Billings with repositioning potential.
    Where is this office building located?
    The property is located at 303 North Broadway Billings, MT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime urban location in the heart of Downtown Billings, Montana's largest city.; - Significant value-add opportunity for investors and redevelopers.; - Large building size: ±117,141 SF across 8 stories.
    (406) 671-1158
    Request Owner's contact information
    303 North Broadway Billings, MT 59101
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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
    303 North Broadway Billings, MT 59101
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