2505 6th N Ave Billings, MT 59101-1338
This 3,200 square foot mixed-use building, located at 2505 6th Ave N in Billings, Montana, presents a unique investment opportunity. Built in 1976, this single-story, Class B property sits on a 10,500 square foot lot and is zoned for neighborhood mixed-use. Previously operating as a laundromat until 2022, the building is currently vacant, although some equipment remains. The asking price is $259,000, translating to $80.94 per square foot. Its convenient location on 6th Avenue North offers easy access and high visibility. The property benefits from its proximity to downtown Billings and the significant development underway with the new Intermountain Healthcare Hospital on N 27th Street, promising strong future growth potential. This presents a compelling opportunity for retail or professional use, with lease terms also a possibility. The property's long-term investment potential is enhanced by its prime location and the anticipated increase in activity in the surrounding area. This is a single-unit building with a total of 3,200 net rentable square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NCL · Billings, MTBillings. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.