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Multi-Tenant Office Building For Sale

1445 Ave B, Billings, MT 59102

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For Sale

$869,000

Multi-tenant office building with daylight basement and recent updates.

Type:Office

Property size:

6,474 SF

Price / SF:

$134/SF

HighLights

Multi‑tenant office building ideal for owner‑occupancy or investment.
Price reduced to $869,000.
Daylight basement (2,813 SF) with existing tenants and one vacant space.
Convenient parking with a private lot and street parking.
Recent updates include carpeting, paint, and new HVAC.
Seller financing options available for qualified buyers.

We can help!

Contact an agent

Nathan Matelich

Learn more

For Sale

$869,000

Multi-tenant office building with daylight basement and recent updates.

Type:Office

Property size:

6,474 SF

Price / SF:

$134/SF

Added:: Mar 5, 2026
Days on Market:: 123
Last Refresh:: Apr 5 at 8:44 pm

Property Features for 1445 Ave B

General Information

Standard status: Active
Size: 6,474 SF
Property subtype: Office

Building Details

Year Built: 1980

We can help!

Contact an agent

Nathan Matelich

Listing office Coldwell Banker Commercial CBS

Listing date Mar 5, 2026

Source Cbcworldwide

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

HighLights

Multi‑tenant office building ideal for owner‑occupancy or investment.
Price reduced to $869,000.
Daylight basement (2,813 SF) with existing tenants and one vacant space.
Convenient parking with a private lot and street parking.
Recent updates include carpeting, paint, and new HVAC.
Seller financing options available for qualified buyers.

Overview

This multi-tenant office building, constructed in 1980, offers 6,474 square feet of space on a 14,000 square foot lot. The property features a daylight basement with 2,813 square feet, currently housing two separate tenants and one vacant space. The first floor, also comprising 2,813 square feet, is occupied by Billings Eyecare Associates. An 848 square foot office space on the second floor is occupied by a single tenant. Recent updates include new carpeting, paint, and HVAC. The property includes a private parking lot, as well as street parking. Common area restrooms are available. Zoned Neighborhood Office, this property is suitable for owner-occupancy or investment. The owner is willing to consider seller financing for qualified buyers.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$112.6k	$17.40
− Vacancy	−$18.0k	−$2.78
EGI	$94.6k	$14.62
− OpEx	−$23.7k	−$3.65
NOI	$71.0k	$10.96

6,474 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.01M

$887.1K – $1.18M (±1% cap)

NOI $70,968 @ 7.0% cap · market cap 8.17%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,881 @ 7.0% cap · market cap 11.38%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Yellowstone Soccer Association Gym & Fitness Center Billings Eyecare Associates Physician Kerry T. Sanchez, ... Physician Kerry Tyson Sanchez Physician

Suggested Use

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.553
Latitude: 45.7853

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For sale
Office buildings
MT
Billings
59102
1445 Ave B

What type of property is this?

Office building - Multi-tenant office building with daylight basement and recent updates.

Where is this office building located?

The property is located at 1445 Ave B Billings, MT.

What is the asking price?

The asking price for this property is $869,000.

What are key features of this property?

This property features: Multi‑tenant office building ideal for owner‑occupancy or investment.; Price reduced to $869,000.; Daylight basement (2,813 SF) with existing tenants and one vacant space.