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Mixed-Use Land Development
For Sale
$11,900,000

4800 Hesper, Billings, MT 59106

Planned mixed-use subdivision with commercial and residential parcels within city limits.

Property SizeContact for details
Days on Market27

Property Features for 4800 Hesper

General Information

Standard status Active
Property subtype Commercial
Listing Agency: THE Agency Montana
Listed By: Lauren Bond · License #RRE-BRO-LIC-54002
Source: Careychapman
Added: Jul 15 Changed: Aug 3 Last Checked: Aug 9 at 11:23AM

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 THE Agency Montana

Investment Insights

Based on property information with market context.

This mixed-use land development includes more than 60 lots within city limits, combining commercial parcels for retail, restaurant, office, and hotel uses with medium- and low-density residential lots. Commercial sites are positioned along the 48th and Hesper intersection, while the broader subdivision is planned to support a range of complementary uses.

The property is directly across from the upcoming 300-acre reservoirs and within 1 mile of Costco, Tractor Supply, Scheels, and the Shiloh retail district. 48th and Hesper is identified as a city-planned main corridor, with future roundabout and street improvements. The reservoir project is planned to include trails, a sandy beach, fishing pier, and pavilion, creating a substantial public destination adjacent to the development.

Key Highlights

  • More than 60 mixed‑use lots within city limits
  • Commercial parcels designated for retail, restaurant, office, and hotel uses
  • Medium- and low‑density residential lots included in the subdivision

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Electrical Service Storage Facility Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

261
Businesses Nearby
23k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 80% Hotels & Casinos 20%
Holiday Station Store Shops & Services
18,101 visits/mo 0.4 miles
Holiday Inn Express & Suites Billings West Hotels & Casinos
2,648 visits/mo 0.4 miles
Homewood Suites by Hilton Billings, MT Hotels & Casinos
1,965 visits/mo 0.4 miles

Demographics for 59106, MT

20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Planned mixed-use subdivision with commercial and residential parcels within city limits.
Where is this mixed-use property located?
The property is located at 4800 Hesper Billings, MT.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: More than 60 mixed‑use lots within city limits; Commercial parcels designated for retail, restaurant, office, and hotel uses; Medium- and low‑density residential lots included in the subdivision
More about this property
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