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2220 Grant Rd Billings, MT 59102

For Sale
$4,150,000

Prime Billings office, 100% occupied.

Property size:
25,825 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
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 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

HighLights

  • 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.
  • Excellent I‑90 access and proximity to amenities.
  • $4,150,000 asking price, 6.97% cap rate, 100% occupancy, $289,186 NOI, NNN lease, three tenants.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rim Advertising Advertising Agency Ulteig Engineering Consultant

Suggested Use

Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Billings
County
Yellowstone
State
Montana
Longitude
-108.570018441
Latitude
45.753944297998

FAQs

What type of property is this?
Office Property / Space - Prime Billings office, 100% occupied.
Where is this office property / space 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.
More about this property
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