2220 Grant Rd Billings, MT 59102
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Prime Billings office, 100% occupied.
Property size:
25,825 SFProperty Features for 2220 Grant Rd
General Information
- Property type
- Office properties & Spaces
- Square Feet
- 25,825 SF
- Class
- A
- Lot Size
- 66,211 SF
Building Details
- Year Built/Renovated
- 1986/2022
- Buildings
- 1
- Stories
- 2
Listing Agent: Jon Ussin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A, multi-tenant office building, located at 2220 Grant Rd in Billings, Montana's desirable Homestead Business Park, presents a compelling investment opportunity. The property boasts a total of 25,825 square feet, with 24,200 square feet of net rentable space, currently 100% occupied by three tenants under a NNN lease. The main level, encompassing 13,000 square feet, underwent a complete renovation in 2022, featuring three sets of bathrooms, one including showers. The second floor, totaling 11,200 square feet, benefits from a newly installed elevator (2023) and additional bathrooms. A secure 1,625-square-foot basement provides ample storage. The property includes approximately 80 parking spaces. Built in 1986 and extensively renovated in 2022, this two-story building sits on a 1.52-acre lot and is zoned CMU2-Corridor Mixed Use 2. Its strategic location offers easy access to Interstate US 90 and is within walking distance of various amenities. The property's strong financial performance is reflected in its $4,150,000 asking price, a 6.97% cap rate, and a net operating income (NOI) of $289,186. This presents a rare opportunity to acquire a high-quality, fully occupied office building in a thriving Montana market. The price per square foot is $160.70.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rim Advertising
Marketing & Advertising
Ulteig
Engineering Consultant
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.570018441
- Latitude
- 45.753944297998
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FAQs
What type of property is this?
Office property - Prime Billings office, 100% occupied.
Where is this office property located?
The property is located at 2220 Grant Rd Billings, MT.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Premier Class A office building in Billings, MT's Homestead Business Park.; 25,825 SF of office space; 13,000 SF main level fully remodeled in 2022 with three bathrooms (one with showers); 11,200 SF second floor with new (2023) elevator and additional bathrooms; 1,625 SF secured basement storage.; Approximately 80 parking spaces.
