Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1223 Grand Ave Billings, MT 59102

    For Sale
    $2,800,000

    Billings, MT Mixed-Use Investment Opportunity

    Property size:
    7,462 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7,462 square foot mixed-use property, located at 1223 Grand Ave in Billings, Montana, presents a unique investment opportunity. The property, built in 2005, encompasses a fully licensed casino and restaurant, operating under a single tenancy. Situated on a substantial 1.256-acre lot (54,658 sq ft), the building boasts excellent visibility and frontage on one of Billings' busiest streets, experiencing an average daily traffic count of 22,630 vehicles. The sale includes the real estate, a Montana All Beverage and Gaming License, and fixtures, furniture, and equipment (FF&E). The property features a spacious layout, including an extra-large kitchen equipped with ample walk-in coolers, freezers, and storage. Abundant parking is available for patrons. The property is currently vacant, offering a blank canvas for a new operator to capitalize on the prime location and existing licenses. Zoned CMU1-Corridor Mixed Use 1, this property offers significant potential for a variety of hospitality uses. The asking price is $2,800,000, translating to $375.23 per square foot. The APN is A10058. This is a rare chance to acquire a turn-key, high-traffic, mixed-use establishment in a thriving Montana market.

    Property Features for 1223 Grand Ave

    General Information

    Property type
    Casinos
    Square Feet
    7,462 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Midtown Billings restaurant, casino, and bar for sale.
    • Includes real estate, Montana liquor and gaming licenses, and furniture, fixtures, and equipment (FF&E).
    • High‑visibility location with excellent street frontage.
    • High traffic count: 22,630 average daily vehicles.
    • 7,462 square‑foot building on a 1.256‑acre (54,726 SF) lot.
    • Large kitchen with ample walk‑in refrigeration and storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casinos

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -108.5469469
    Latitude
    45.7846536

    Nearby Similar for Sale

    • $2,100,000
      9,244 SF

      Award-Winning Billings Event Venue

      Montana lifestyle opportunity: event venue, gardens, and residential homes.
      720 Washington St, Billings, MT 59101
      View Details
    • $2,500,000
      34,800 SF

      Industrial Investment Opportunity in Billings

      Industrial property with long-term tenant, new lease, and prime location.
      410 Bernard St, Billings, MT 59101
      View Details
    • $659,000
      3,276 SF

      Remodeled Duplex Investment Opportunity

      Remodeled duplex in Billings, MT with leases in place.
      1322-1324 Babcock Cir, Billings, MT 59105
      View Details
    • $750,000
      0.08 Acres

      Downtown Billings Retail/Office Building

      Retail and office building in downtown Billings near Montana Avenue.
      15 N 26Th St, Billings, MT 59101
      View Details
    • $369,000
      2,014 SF

      Updated Duplex with Rental History

      Updated duplex with solid rental history in Billings, Montana.
      334 Yellowstone Ave, Billings, MT 59101
      View Details
    • $1,600,000
      10,560 SF

      Billings Light-Industrial Facility For Sale

      Premium facility with warehouse, office, and yard space in Billings.
      6830 Commercial Ave, Billings, MT 59101
      View Details

    FAQs

    What type of property is this?
    Casino - Billings, MT Mixed-Use Investment Opportunity
    Where is this casino located?
    The property is located at 1223 Grand Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Midtown Billings restaurant, casino, and bar for sale.; Includes real estate, Montana liquor and gaming licenses, and furniture, fixtures, and equipment (FF&E).; High-visibility location with excellent street frontage.
    Request Owner's contact information
    1223 Grand Ave Billings, MT 59102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1223 Grand Ave
    Billings, MT 59102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1223 Grand Ave Billings, MT 59102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.