Event Venue with Botanical
For Sale
$1,985,000
720 Washington St, Billings, MT 59101
SINGLE_FAMILY - Billings, MT
Property Size9,244 SF
Lot Size3.00 Acres
Price / SF$214.73
Days on Market95
Property Features for 720 Washington St
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Neighborhood Mixed-Use
Parking
50
Parking features
On Street, Parking Lot
Subdivision
COS 593-COS 108
Lot features
Sprinklers In Ground
Standard status
Active
APN
D01715
Size
9,244 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
S10, T01 S, R26 E, C.O.S. 108, PARCEL 1, AMND: S10, T01 S, R26 E, C.O.S. 593, PARCEL 1, 1 AC: S10, T01 S, R26 E, C.O.S. 593, PARCEL 2D, 2ND AMND
Tax Annual Amount
10127
Legal Description
S10, T01 S, R26 E, C.O.S. 108, PARCEL 1, AMND: S10, T01 S, R26 E, C.O.S. 593, PARCEL 1, 1 AC: S10, T01 S, R26 E, C.O.S. 593, PARCEL 2D, 2ND AMND
Utilities
Sewer type
Holding Tank, Septic Tank
Heating system
Natural Gas, Baseboard, Forced Air, Electric (Heating)
Water source
Well
Building Details
Year built
1940
Floors in Building
2
Roof type
Shingle
Listing Agency:
PureWest Real Estate - Billings
(406) 601-4210
Listed By:
Andrew Miller · License #RRE-RBS-LIC-108682
(406) 690-0353
Added: May 1
Changed: Jul 31
Last Checked: Aug 3 at 7:06AM
MLS# 352328
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
DanWalt Gardens is a Montana event venue featuring an immaculately maintained botanical garden and beautifully landscaped grounds. The property includes a large event pavilion, gazebo, storage sheds, and an equipment/workshop area, along with 7 private wells. It also includes three residential homes on 3 acres, with addresses at 720 Washington St, 748 Washington St, and 3719 King Ave E.
The residential homes are each situated on adjoining 1-acre lots. The main home is a two-story residence with 3 bedrooms, 2 remodeled bathrooms, and 2 kitchens, along with an oversized 3-car garage.
Income sources include residential lease and rental, as well as wedding, birthday, private party, and corporate event bookings. The business is to be sold and closed with all three residential property addresses simultaneously, and the sellers are willing to train buyers. See related MLS#352533.
The residential homes are each situated on adjoining 1-acre lots. The main home is a two-story residence with 3 bedrooms, 2 remodeled bathrooms, and 2 kitchens, along with an oversized 3-car garage.
Income sources include residential lease and rental, as well as wedding, birthday, private party, and corporate event bookings. The business is to be sold and closed with all three residential property addresses simultaneously, and the sellers are willing to train buyers. See related MLS#352533.
Key Highlights
- 3‑acre DanWalt Gardens event venue with botanical garden, landscaped grounds, large event pavilion, and gazebo
- Property includes 3 residential homes on adjoining 1‑acre lots, including 748 Washington St and 3719 King Ave E
- Main 2‑story home features 3 beds, 2 remodeled bathrooms, 2 kitchens, and a 3‑car oversized garage
Financial Insights For Apartment 5plus
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 | $149.8k | $16.20 |
| − Vacancy | −$7.5k | −$0.81 |
| EGI | $142.3k | $15.39 |
| − OpEx | −$64.0k | −$6.93 |
| NOI | $78.2k | $8.46 |
9,244 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$978.1K – $1.30M
NOI $78,246 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,189 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Billings event venue on 3 acres with a botanical garden, pavilion and gazebo, plus three residential homes for income.
Where is this wedding venue located?
The property is located at 720 Washington St Billings, MT.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: 3‑acre DanWalt Gardens event venue with botanical garden, landscaped grounds, large event pavilion, and gazebo; Property includes 3 residential homes on adjoining 1‑acre lots, including 748 Washington St and 3719 King Ave E; Main 2‑story home features 3 beds, 2 remodeled bathrooms, 2 kitchens, and a 3‑car oversized garage
