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Downtown Professional Office Space Available
For Lease
$2,171/Mo NNN

2223 Montana Ave, Billings, MT 59101

Historic building with modern finishes, ideal for professional services.

Space Size1,613 SF - 1,920 SF
Property Size24,075 SF
Days on Market194

Property Features for 2223 Montana Ave

General Information

Standard status Active
Size 1,613 SF - 1,920 SF
Class A
Property subtype Office
Lease Term NNN

Building Details

Building Size 24,075 SF
Year Built 1928

Spaces For Lease

at 2223 Montana Ave Contact us

L02 $2,369/Mo

Size 1,760 SF
Type Office Building
Term Negotiable
Contact us

Suite 102 $2,171/Mo

Size 1,613 SF
Type Office Building
Term Negotiable
Contact us

Suite 202 $2,585/Mo

Size 1,920 SF
Type Office Building
Term Negotiable
Contact us
Listed By: Nathan Matelich, SIOR, CCIM · License #MT #RRE-BRO-LIC-69991
Source: Cbcmontana
Added: Mar 26 Changed: Oct 2 Last Checked: Oct 4 at 8:46AM

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 Nathan Matelich, SIOR, CCIM

Investment Insights

Based on property information with market context.

This professional office space offers 1,691 square feet, available for lease at $2,558 per month, plus utilities. The layout includes four private offices, a common area, and a reception area. The space features high wood-beamed ceilings, custom wood-framed windows and doors, and brick-accented walls. It is ideally suited for professional service industry providers such as law firms, CPAs, and clinical therapists. The property is located in a highly desirable downtown location, offering clients and customers a variety of entertainment opportunities. Dedicated parking is available. The property is zoned CBD – Central Business District. The total building square footage is 24,075 square feet. The base rent is $14.00 per square foot NNN, with NNN estimated at $4.15 per square foot. The owner is willing to offer a free rent incentive at signing. Recent renovations were meticulously planned and flawlessly executed to ensure that each aspect of the building's traditional architecture was not only left intact but perfectly highlighted to retain its vintage charm. The high-end industrial-style finishes complement the antiquated elements of the structure, providing the perfect balance of old and new. Major tenants include Griffin Development, Diamond Construction, Mountain West Real Estate, The Asylum Distillery, and Stahly Engineering. Multiple suites are available to accommodate a wide range of businesses.

Key Highlights

  • Free rent incentive offered at signing.
  • Highly desirable downtown location** with entertainment, shopping, restaurants, and breweries.
  • Historic building with old‑world charm and modern high‑end industrial finishes.

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

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

$19.79 /SF/Yr
Avg Asking Price
$1.14–$250 /SF/Yr
Price Range
3,264 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Historic building with modern finishes, ideal for professional services.
Where is this office units located?
The property is located at 2223 Montana Ave Billings, MT.
What is the lease rate?
The lease rate is $2,171/Mo.
What are key features of this property?
This property features: Free rent incentive offered at signing.; Highly desirable downtown location** with entertainment, shopping, restaurants, and breweries.; Historic building with old‑world charm and modern high‑end industrial finishes.
More about this property
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