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Historic Downtown CBD Office Suites
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2223 Montana Ave, Billings, MT 59101

Historic office suites in a CBD building with dedicated parking and NNN structure including utilities.

Space Size1,613 SF
Property Size24,075 SF
Days on Market484

Property Features for 2223 Montana Ave

General Information

Standard status Active
Size 1,613 SF
Net Rentable 1,750 SF
Property subtype OFFICE
Zoning CBD
Lease Type NNN

Space & Availability

Available Space 1,750-4,680 SF
Contiguous Space 4,680 SF
Space Use Office

Lease Terms

Lease Rate $18 /USD/SF/YR
Monthly Rent $2,647-$8,638
Rent per SF/Year $14-$18
CAM $4.15 /USD/SF/YR

Amenities

dedicated parking

Building Details

Building Size 24,075 SF
Tenancy Multi

Spaces For Lease

at 2223 Montana Ave
2223 Montana Ave $2,171/Mo
Floor 1
Size 1,613 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2223 Montana Ave. Billings, MT 59102 - Multiple suites available ranging from 1750-4,680 SF - Monthly lease rates from $2,647 - $8,638/month - Multiple suites available each with unique characteristics to satisfy a wide range of businesses - Potential uses include Office, Retail, Restaurant and Industrial - Historic building boasting old world charm coupled with modern high-end industrial finishes - Highly desirable downtown location offering clients and customers a wide variety of entertainment opportunities - Dedicated parking - Pricing ranges from $14.00 - $18.00 SF NNN - NNN estimated at $4.15 SF (Includes Utilities) - Zoned CBD – Central Business District - Total building square footage is 24,075 SF
Contact us
Listing Agency: Coldwell Banker Commercial CBS
Listed By: Nathan Matelich
Source: Moodyscre
Added: Jun 24, 2025 Changed: Oct 4 Last Checked: Oct 19 at 7:21AM

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

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Investment Insights

Based on property information with market context.

Historic office suites in a downtown CBD building offering multiple suite options with unique characteristics. Suites range from 1,750 to 4,680 SF, within a total building size of 24,075 SF, providing flexibility for office-focused tenants and businesses with adjacent retail, restaurant, or light industrial needs.

The property is zoned CBD – Central Business District and includes dedicated parking for tenant and customer convenience. Lease structure is NNN, with utilities included as part of the NNN estimate.

The mix of suite sizes and the central zoning support a range of office and customer-oriented uses, making the building well-suited for tenants seeking downtown access and straightforward parking onsite.

Key Highlights

  • Multiple office suites available, ranging from 1,750 to 4,680 SF
  • Total building size of 24,075 SF
  • Zoned CBD – Central Business District

Property Analytics

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Current Use

Asylum Distillery Brewery & Distillery Stahly Engineering & Associates Engineering Consultant Diamond Construction, Inc. Construction Company TCA Group, Inc. Bridge Montana Attorney Closings, ... Title Company

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Pet Grooming Service Pet Store Garden Center (Bike/Boat/Book/etc) 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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,138
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

Lease Benchmarks for Billings, MT

$20.23 /SF/Yr
Avg Asking Price
$4.55–$250 /SF/Yr
Price Range
3,237 SF
Avg Space Size

This space is priced 21% below the average of $20.23 /SF/Yr.

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 - Historic office suites in a CBD building with dedicated parking and NNN structure including utilities.
Where is this office unit located?
The property is located at 2223 Montana Ave Billings, MT.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Multiple office suites available, ranging from 1,750 to 4,680 SF; Total building size of 24,075 SF; Zoned CBD – Central Business District
(406) 781-6889 Call to check price and availability
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