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    1503 Grand Ave Billings, MT 59102

    For Sale
    $750,000

    High-traffic retail pad, billboard lease included.

    Property size:
    2,749 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity is located at 1503 Grand Ave, Billings, MT 59102. The property features a 2,749 square foot building on a 13,783 square foot lot, currently vacant. Built in 1981 and renovated in 2004, the structure is zoned CMU2-Corridor Mixed Use 2 and offers excellent frontage on Grand Avenue at a highly visible, lit intersection. The property boasts a high daily traffic count, with Grand Avenue registering 22,750 vehicles and 15th Street West showing 8,732. Previously used as a gas station, all underground tanks have been removed, and DEQ approval for closure is pending. A valuable billboard lease accompanies the property. The asking price is $750,000, translating to $272.83 per square foot. This is a single-tenancy, NNN lease property. This prime location presents a unique chance to acquire a well-situated retail pad in a thriving Billings market. The property's size and visibility make it ideal for a variety of retail uses. The inclusion of a billboard lease adds significant potential for supplemental income.

    Property Features for 1503 Grand Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,749 SF

    Building Details

    Year Built/Renovated
    1981/2004
    Buildings
    1
    Stories
    1

    HighLights

    • 2,749 SF building.
    • 13,783 SF lot.
    • Built in 1981.
    • Community Commercial zoning.
    • 22,750 Grand ADT.
    • 8,732 15th Street West ADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5542518
    Latitude
    45.7844245

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail pad, billboard lease included.
    Where is this individual retail property located?
    The property is located at 1503 Grand Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 2,749 SF building.; 13,783 SF lot.; Built in 1981.
    (406) 294-6317
    Request Owner's contact information
    1503 Grand Ave Billings, MT 59102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1503 Grand Ave Billings, MT 59102
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