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    1123 3Rd Ave Billings, MT 59101

    Sponsored
    For Lease
    $8 SF/Yr ($6,970 /Mo)

    10,455 SF, Flexible Layout, Updated

    Lot size:
    10,455 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Billings, Montana commercial property, located at 1123 3rd Ave N, presents a unique investment opportunity. The 10,455 square foot building sits on a substantial 24,500 square foot lot, zoned for East Billings Industrial Sanctuary use. Originally constructed in 1925 and extensively renovated in 2012, the property offers a blend of modern amenities and classic charm. The building's flexible layout caters to a variety of office and industrial needs, with multiple tenancy options available. Currently, there are two spaces available, ranging from 2,500 to 4,500 square feet, ideal for businesses seeking a combination of office and warehouse/shop space. The property's strategic location in the heart of Billings provides excellent access to major transportation routes and a thriving business community. This well-maintained building represents a rare opportunity to acquire a versatile commercial property in a desirable location, offering significant potential for growth and return on investment. The 2012 renovation ensures modern functionality and efficiency, while the generous lot size allows for future expansion or outdoor storage. Don't miss this chance to secure a prime commercial space in the dynamic Billings market.

    Property Features for 1123 3Rd Ave

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,455 SF
    Total Rate
    6970

    Building Details

    Year Built/Renovated
    1925/2012
    Buildings
    1

    Unit(s) available at that property

    Space
    1123 3rd Ave N
    Size
    2,500 SF
    Rate per SF
    $14
    Space
    1123 3rd Ave N
    Size
    4,500 SF
    Rate per SF
    $8

    HighLights

    • Ample on‑site parking.
    • Fully serviced with HVAC and plumbing.
    • Features overhead doors.
    • Secured with chain link and barbed wire fencing.
    • Optional shop space available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.4876354
    Latitude
    45.7936371

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    FAQs

    What type of property is this?
    Office building - 10,455 SF, Flexible Layout, Updated
    Where is this office building located?
    The property is located at 1123 3Rd Ave Billings, MT.
    What is the lease rate?
    The lease rate is $8-$14 SF/Yr.
    What are key features of this property?
    This property features: Ample on-site parking.; Fully serviced with HVAC and plumbing.; Features overhead doors.
    Request Owner's contact information
    1123 3Rd Ave Billings, MT 59101
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    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
    1123 3Rd Ave Billings, MT 59101
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