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Property profile & analytics
OFF-MARKET
Retail space

2505 6th N Ave Billings, MT 59101-1338

3,200 SF 0.24 ac lot Built 1976
Entity Owned 1-yr Hold Free & Clear
Property ID
US52-0107175
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Construction WOOD
Total area 3,200 SF
Lot 0.24 ac (10,498 SF)
Zoning code NCL
APN 03-1033-32-4-27-01-0000
UPID US52-0107175
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Legacy Land Service LLC · 1 yrs held
Legacy Land Service LLC
since 2024
2 recorded transactions
2024
Price N/A
2022
Price N/A
Zoning & alternative use
NCL · Billings, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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