2611 Minnesota Avenue Billings, MT 59101
Renovated 1948 Quonset building includes modern office space, garage/shop, and a furnished one-bedroom apartment.
- Added:
- Jul 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 13 at 2:27 am
Property Features for 2611 Minnesota Avenue
General Information
- Standard status
- Active
- Size
- 6,100 SF
- Property subtype
- Office
Building Details
- Year Built
- 1948
Listing office NAI Business Properties (406) 672-1443
Listing date Jul 12, 2026
Source Naiglobal
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Business Properties
Investment Insights
Based on property information with market context.
The property is positioned for access to downtown and to I-90, and it also provides access to Billings Logan International Airport.
Internally, the offering is structured to support combined work and living needs, with contemporary interior finishes and a layout described as functional for professional use by owners, employees, or clients.
Key Highlights
- Historic Quonset building built in 1948, extensively renovated in 2016
- About 6,100 SF total, including 1,968 SF modern office space
- 1,280 SF furnished 1‑bedroom apartment with king bed and washer/dryer
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.9k | $9.00 |
| − Vacancy | −$4.7k | −$0.77 |
| EGI | $50.2k | $8.24 |
| − OpEx | −$15.1k | −$2.47 |
| NOI | $35.2k | $5.76 |
