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    2223 Montana Ave Billings, MT 59101

    Sponsored
    For Lease
    $8 SF/Yr ($16,611 /Mo)

    Historic building, flex space available

    Lot size:
    24,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,442 sq ft commercial space in downtown Billings, Montana, is located in a historic building (24,075 total sq ft) renovated in 2018. The property, situated in the Central Business District (CBD) zoning area of Yellowstone County, offers a unique blend of old-world charm and modern industrial finishes. High wood-beamed ceilings, custom wood-framed windows and doors, and brick-accented walls create a captivating atmosphere. The lower-level suite features a separate exterior entrance and elevator access from the main entrance, providing flexibility for various business types. The space is ideal for creative entrepreneurs and small business owners seeking a unique and inspiring workspace. Amenities include dedicated parking and proximity to a wide array of entertainment, shopping, and dining options. The building's major tenants include well-established businesses in the area. The monthly lease rate is $1,495, which includes utilities. The base rent is $8.29 per square foot, with estimated NNN charges of $4.15 per square foot. The lot size is 9,428 sq ft. This single-tenant space is part of a larger building with a total of one suite. The property is classified as Class B.

    Property Features for 2223 Montana Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,075 SF
    Class
    B
    Total Rate
    16611.75

    Building Details

    Year Renovated
    2018
    Buildings
    1

    Unit(s) available at that property

    Space
    L01
    Size
    1,442 SF
    Rate per SF
    $8

    HighLights

    • 1,442 sq ft commercial space in downtown Billings, MT's Central Business District.
    • Located in a renovated (2018) historic building (24,075 sq ft total).
    • Features high ceilings, custom wood features, and brick accents.
    • Lower‑level suite with separate exterior entrance and elevator access.
    • $1,495/month lease includes utilities; $8.29/sq ft base rent, $4.15/sq ft estimated NNN.
    • Dedicated parking and proximity to amenities; Class B building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Asylum Distillery Distillery Stahly Engineering & Associates Engineering Consultant Diamond Construction, Inc. General Contractor TCA Group, Inc. Bridge Montana Attorney Closings, ... Title Company

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm 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
    -108.4987621
    Latitude
    45.784512

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    FAQs

    What type of property is this?
    Land - Historic building, flex space available
    Where is this land located?
    The property is located at 2223 Montana Ave Billings, MT.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 1,442 sq ft commercial space in downtown Billings, MT's Central Business District.; Located in a renovated (2018) historic building (24,075 sq ft total).; Features high ceilings, custom wood features, and brick accents.
    Request Owner's contact information
    2223 Montana 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
    2223 Montana Ave Billings, MT 59101
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