Casino-Occupied Commercial
New
For Sale
$699,000
416 Lake Elmo Dr, Billings, MT 59105
The real estate stays occupied by Yellowstone Casino, while the business itself is not part of the transaction.
Property Size2,015 SF
Lot Size0.32 Acres
Price / SF$346.90
Days on Market2
Property Features for 416 Lake Elmo Dr
General Information
Standard status
Active
Size
2,015 SF
Lot size
0.32 Acres
Property subtype
Retail
Site & Location
Neighborhood
Lockwood
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
7.7%
Building Details
Building Size
2,015 SF
Year Built
1984
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial CBS
Listed By:
Todd Sherman · License #MT #RRE-RBS-LIC-54530
(406) 570-8961
Source:
Cbcmontana
Added: Oct 24
Last Checked: Oct 24 at 3:19PM
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 Coldwell Banker Commercial CBS
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Investment Insights
Based on property information with market context.
This 2,015-square-foot commercial property in Billings, Montana, was built in 1984 and occupies a 0.32-acre lot. Yellowstone Casino continues operating at the site, but the sale covers the real estate only; the business is excluded.
The property is in the Billings Heights commercial area, with convenient access to Main Street. Reported traffic volume is 10,142 AADT. The stated cap rate is 7.7%.
The property is in the Billings Heights commercial area, with convenient access to Main Street. Reported traffic volume is 10,142 AADT. The stated cap rate is 7.7%.
Key Highlights
- 2,015‑square‑foot building on a 0.32‑acre lot
- Yellowstone Casino remains in operation; the business is not included in the sale
- Built in 1984
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
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Business Placement
Demographics for 59105, MT
33,310
Population
14,198
Households
2.3
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
95.9 sq mi
ZIP Area
347
Density / Sq Mi
$74,572
Median Household Income
$44,359
Median Earnings
$1,261
Median Rent
$314,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Casino - The real estate stays occupied by Yellowstone Casino, while the business itself is not part of the transaction.
Where is this casino located?
The property is located at 416 Lake Elmo Dr Billings, MT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,015‑square‑foot building on a 0.32‑acre lot; Yellowstone Casino remains in operation; the business is not included in the sale; Built in 1984
