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    2624 Montana Ave Billings, MT 59101

    Sponsored
    For Lease
    $24 SF/Yr

    Prime Billings location; flexible suites available.

    Lot size:
    33,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, located in the heart of Billings Downtown submarket at 2624 Montana Ave (cross street: 27th St), offers a unique opportunity for businesses seeking flexible and customizable space. Built in 1915 and extensively renovated in 2023, this two-story building boasts 33,750 square feet of total space, with units ranging from a minimum of 400 square feet to a maximum contiguous space of 6,000 square feet. The property is zoned CBD/EB_RSVMS (APN: I00263) and accommodates multiple tenants. The building features a variety of office subtypes including executive, creative, and traditional office spaces, as well as food court options. Tenants benefit from 34 total parking spaces in a shared fenced and gated lot adjacent to the building. Modern amenities include elevators. A $15 per square foot tenant improvement allowance is offered with a required three-year lease. The lease rate is $24 per square foot, which includes utilities and internet/janitorial services. Occupancy is anticipated for Spring 2025. This is an ideal location for businesses seeking a vibrant and convenient downtown Billings address.

    Property Features for 2624 Montana Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,750 SF
    Class
    A
    Total Rate
    67500

    Building Details

    Year Built/Renovated
    1915/2023
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,000 SF
    Rate per SF
    $24
    Space
    Available Space 2
    Size
    400 SF
    Rate per SF
    $24
    Space
    Available Space 5
    Size
    3,000 SF
    Rate per SF
    $24
    Space
    Available Space 4
    Size
    1,500 SF
    Rate per SF
    $24
    Space
    Available Space 3
    Size
    950 SF
    Rate per SF
    $24

    HighLights

    • Class A office building totaling 33,750 square feet, located in Billings Downtown submarket.
    • Multiple tenancy options available, ranging from 400 to 6,000 contiguous square feet.
    • Recently renovated in 2023, with a 1915 original construction date.
    • Building features 34 parking spaces and elevator service.
    • Located at 2624 Montana Ave, Billings, MT, near 27th St.
    • $24 per square foot lease rate, inclusive of utilities and internet/janitorial services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -108.50343643092
    Latitude
    45.781930216851

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    FAQs

    What type of property is this?
    Restaurant - Prime Billings location; flexible suites available.
    Where is this restaurant located?
    The property is located at 2624 Montana Ave Billings, MT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 33,750 square feet, located in Billings Downtown submarket.; Multiple tenancy options available, ranging from 400 to 6,000 contiguous square feet.; Recently renovated in 2023, with a 1915 original construction date.
    Request Owner's contact information
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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
    2624 Montana Ave Billings, MT 59101
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