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Three-Level Mixed-Use Building
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3018 1st Avenue North, Billings, MT 59101

Includes retail space, studio apartments, a service shop, and basement storage with freight elevator access.

Property Size21,735 SF
Lot Size0.32 Acres
Days on Market145

Property Features for 3018 1st Avenue North

General Information

Standard status Active
Size 21,735 SF
Total Parking Spaces 15
Elevators Yes
Lot size 0.32 Acres
Property subtype Mixed Use
Zoning Central Business District

Units

Unit Mix 10 x studio
Multifamily Units 10

Building Details

Buildings 1
Stories 3
Tenancy Multi
Listing Agency: 5 Pillars Realty
Listed By: Shaylee Green, CCIM · License #90045
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 6:47PM

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 5 Pillars Realty

Investment Insights

Based on property information with market context.

This mixed-use property at 3018 1st Avenue North in Billings, Montana, contains a 21,735 SF building on a 14,000 SF lot. The three-level layout includes 7,905 SF of retail space with large display windows, 10 studio apartments, a 5,305 SF shop, and a basement with cold storage, power, and a working freight elevator. Many rooms have been remodeled, while historical design elements remain.

The building offers 130 feet of frontage, more than 15 off-street parking spaces, and a rear overhead door that supports deliveries and inventory movement. The shop has three floor lifts rated from 10,000 to 14,000 pounds and four 12-foot overhead doors. The shop area could also be demised into four loft apartments, subject to applicable approvals.

Key Highlights

  • 21,735 SF mixed‑use building on a 14,000 SF lot
  • 10 studio apartments within the three‑level property
  • 7,905 SF of retail space with large display windows

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Storage Facility Florist (Bike/Boat/Book/etc) Store Veterinary Clinic Cosmetic 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

10
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,298
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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes retail space, studio apartments, a service shop, and basement storage with freight elevator access.
Where is this mixed-use property located?
The property is located at 3018 1st Avenue North Billings, MT.
What are key features of this property?
This property features: 21,735 SF mixed‑use building on a 14,000 SF lot; 10 studio apartments within the three‑level property; 7,905 SF of retail space with large display windows
More about this property
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