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    1037 Riverside Dr Billings, MT 59101

    For Sale
    $895,000

    3.42 Acres, I-90 Frontage, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.42-acre commercial land parcel presents a unique investment opportunity in Billings, Montana. Strategically located on I-90, between Sugar Avenue and South Frontage Road, this property boasts unparalleled visibility and access to high daily traffic volumes. Currently zoned as Rural Improved, the land offers significant potential for re-zoning and annexation, making it ideal for a variety of commercial ventures. City water is available, and the property currently utilizes a septic system. While two existing homes and outbuildings are present, the primary value lies in the land's prime location within a burgeoning commercial corridor. The property's position near new commercial developments on Sugar Avenue and South Frontage Road further enhances its appeal. Public records provide initial information; however, potential buyers are responsible for conducting thorough due diligence to assess development possibilities. This is a rare chance to acquire a substantial tract of land with exceptional commercial potential in a rapidly growing area of Billings. The asking price is $895,000.

    Property Features for 1037 Riverside Dr

    General Information

    Property type
    Land
    Lot Size
    148,975 SF

    HighLights

    • $895,000 asking price for 3.42 acres of commercial land.
    • Located in Billings, Montana, at 1037 Riverside Dr, 59101.
    • Zoned Rural Improved, offering high visibility on I‑90, between Sugar Ave and South Frontage Rd.
    • City water and septic; potential for rezoning and annexation.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.49582639818
    Latitude
    45.755290180308

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    FAQs

    What type of property is this?
    Land - 3.42 Acres, I-90 Frontage, High Traffic
    Where is this land located?
    The property is located at 1037 Riverside Dr Billings, MT.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: $895,000 asking price for 3.42 acres of commercial land.; Located in Billings, Montana, at 1037 Riverside Dr, 59101.; Zoned Rural Improved, offering high visibility on I-90, between Sugar Ave and South Frontage Rd.
    (406) 698-8203
    Request Owner's contact information
    1037 Riverside Dr Billings, MT 59101
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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
    1037 Riverside Dr Billings, MT 59101
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