406 Grand Ave Billings, MT 59101-5925

Property Details for 406 Grand Ave

Year built

1939

Construction

WOOD

Lot size

0.16 lot acres

Property size

768 SF

Zone code

NC

Property type

Retail space

APN

03-0927-04-2-28-16-0000

APU

3092704228160000

Description

This exceptional commercial property, located at 406 Grand Ave in Billings, Montana, presents a compelling investment opportunity. The 1,280 square foot building, constructed in 1929 and extensively renovated in 2011, sits on a 7,000 square foot lot. Currently configured as a barber shop and a studio apartment, both are fully leased, generating a combined monthly rental income of $2,400. The barber shop lease is month-to-month, offering flexibility for future use. The property is zoned NMU (Neighborhood Mixed-Use), allowing for a variety of commercial uses, including but not limited to salons, esthetician services, or tattoo shops. This versatile property is ideal for owner-occupants seeking a profitable business venture with additional rental income or for investors looking for a strong return on investment in a thriving Montana market. The property's prime location in Billings, Montana, zip code 59101, ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The asking price is $310,000. The property features two tenants and is classified as Class A commercial real estate. This is a multi-tenant property with a modified lease type.