Modern Office Building in Billings

2220 Grant Rd, Billings, MT 59102

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For Sale

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Premier office building with modern amenities and convenient location.

Type:Office

Property size:

25,825 SF

Price / SF:

$160/SF

HighLights

Prime location in the highly sought‑after Homestead Business Park with easy access to Interstate US 90 and walking distance to amenities.
Substantial office space totaling 25,825 square feet, suitable for versatile business operations.
Main level fully remodeled in 2022, featuring modern amenities and multiple bathrooms, including showers.
Newly installed elevator (2023) providing convenient access to the second floor.
Ample parking with approximately 80 spots available for employees and visitors.
Secured basement storage space of 1,625 square feet for safeguarding important documents and equipment.

We can help!

Listing Contact

Jon Ussin

For Sale

Contact for pricing

Premier office building with modern amenities and convenient location.

Type:Office

Property size:

25,825 SF

Price / SF:

$160/SF

Added:: Aug 9, 2024
Days on Market:: 670
Last Refresh:: May 12 at 9:35 pm

Property Features for 2220 Grant Rd

General Information

Standard status: Active
Size: 25,825 SF
Property subtype: Office

Building Details

Year Built: 1986

We can help!

Listing Contact

Jon Ussin

Listing agent Jon Ussin License #MT 4106

Listing office U Bar S Real Estate

Listing date Aug 9, 2024

Source Crexi

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 U Bar S Real Estate

HighLights

Prime location in the highly sought‑after Homestead Business Park with easy access to Interstate US 90 and walking distance to amenities.
Substantial office space totaling 25,825 square feet, suitable for versatile business operations.
Main level fully remodeled in 2022, featuring modern amenities and multiple bathrooms, including showers.
Newly installed elevator (2023) providing convenient access to the second floor.
Ample parking with approximately 80 spots available for employees and visitors.
Secured basement storage space of 1,625 square feet for safeguarding important documents and equipment.

Overview

This 25,825 square foot office building is located in the Homestead Business Park in Billings, MT. The property offers versatile office space and is suited for businesses seeking convenience and modern amenities. The main level comprises 13,000 square feet, fully remodeled in 2022, and includes three sets of bathrooms, one equipped with showers. The second floor provides 11,200 square feet and features a newly installed elevator (2023) and an additional set of bathrooms. A 1,625 square foot basement offers secured storage space. Approximately 80 parking spots are available. The building provides easy access to Interstate US 90, facilitating commutes to all parts of Billings. Several restaurants, coffee shops, banks, and retail stores are within walking distance.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$449.4k	$17.40
− Vacancy	−$71.9k	−$2.78
EGI	$377.5k	$14.62
− OpEx	−$94.4k	−$3.65
NOI	$283.1k	$10.96

25,825 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$4.04M

$3.54M – $4.72M (±1% cap)

NOI $283,094 @ 7.0% cap · market cap 6.82%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.63M

$4.93M – $6.57M (±1% cap)

NOI $394,441 @ 7.0% cap · market cap 9.50%

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

Property Profile Location Intelligence

Current Use by Public Records

Rim Advertising Marketing & Advertising Ulteig Structural Engineer

Suggested Use

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.569322
Latitude: 45.7536146

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For sale
Office buildings
MT
Billings
59102
2220 Grant Rd

What type of property is this?

Office building - Premier office building with modern amenities and convenient location.

Where is this office building 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: Prime location in the highly sought‑after Homestead Business Park with easy access to Interstate US 90 and walking distance to amenities.; Substantial office space totaling 25,825 square feet, suitable for versatile business operations.; Main level fully remodeled in 2022, featuring modern amenities and multiple bathrooms, including showers.