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Refurbished Retail Space Available
For Lease
$16.25 SF/Yr

2802 Montana Ave, Billings, MT 59101

Historic retail space with modern amenities for lease.

Space Size1,439 SF - 3,867 SF
Property Size33,750 SF
Days on Market306

Property Features for 2802 Montana Ave

General Information

Standard status Active
Size 1,439 SF - 3,867 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 33,750 SF
Year Built 1917

Spaces For Lease

at 2802 Montana Ave Contact us

101 $20/SF/Yr

Size
3,867 SF
Term
Negotiable
Contact us

102 $18/SF/Yr

Size
2,561 SF
Term
Negotiable
Contact us

103 $18/SF/Yr

Size
1,439 SF
Term
Negotiable
Contact us

104 $20/SF/Yr

Size
1,709 SF
Term
Negotiable
Contact us

B01 $18/SF/Yr

Size
2,704 SF
Term
Negotiable
Contact us

B02 $16.25/SF/Yr

Size
2,588 SF
Term
Negotiable
Contact us

B04 $16.25/SF/Yr

Size
2,000 SF
Term
Negotiable
Contact us
Listing Agency: Coldwell Banker Commercial CBS
Listed By: George Warmer, SIOR, CCIM · License #MT #RRE-RBS-LIC-14174
Source: Cbcmontana
Added: Nov 25, 2025 Changed: Sep 13 Last Checked: Sep 26 at 5:41AM

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 Coldwell Banker Commercial CBS

Investment Insights

Based on property information with market context.

This retail space features refurbished historic pressed metal ceilings and refinished hardwood floors on the first floor, along with smooth concrete floors in the basement. Central public restrooms are available on both the first floor and basement level. The property is equipped with electric egress and emergency lighting, junction boxes near the top of columns on the first floor, and two-bay metal ceiling areas. 120V power outlets are located in the exterior wall at 25-foot intervals. A separate meter plus one circuit breaker panel are provided in each potential tenant space. Fire sprinklers are installed throughout the property. HVAC is available to each potential tenant space, though distribution is not included. The tenant side of demising walls, as well as building exterior walls, are furred out, insulated, and finished with gypsum board, taped, primed, and ready for finishing. The property offers 1709 square feet of retail space.

Key Highlights

  • Refurbished historic pressed metal ceilings
  • Refinished hardwood floors on the 1st floor and N.E. corner of basement
  • HVAC to each potential tenant space

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Storage Facility Nail Salon Florist (Bike/Boat/Book/etc) Store Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.44 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,282
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 59% Shops & Services 25% Dining 16%
DoubleTree by Hilton Hotel Billings Hotels & Casinos
8,726 visits/mo 0.2 miles
Dickey's Barbecue Pit Dining
3,253 visits/mo 0.2 miles
Best Western Plus Clocktower Inn Hotels & Casinos
3,208 visits/mo 0.3 miles
First Interstate Bank Shops & Services
3,194 visits/mo 0.4 miles
Midas Shops & Services
1,028 visits/mo 0.3 miles

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

Lease Benchmarks for Billings, MT

$13.25 /SF/Yr
Avg Asking Price
$6–$25 /SF/Yr
Price Range
3,043 SF
Avg Space Size

This space is priced 23% above the average of $13.25 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Historic retail space with modern amenities for lease.
Where is this retail space located?
The property is located at 2802 Montana Ave Billings, MT.
What is the lease rate?
The lease rate is $16.25 SF/Yr.
What are key features of this property?
This property features: Refurbished historic pressed metal ceilings; Refinished hardwood floors on the 1st floor and N.E. corner of basement; HVAC to each potential tenant space
More about this property
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