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    2712 Minnesota Ave Billings, MT 59101

    Sponsored
    For Sale
    $295,000

    12,231 SF, Vacant, Redevelopment Potential

    Property size:
    12,231 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,231 square foot retail property, located at 2712 Minnesota Avenue in Billings, Montana, presents a unique redevelopment opportunity. Built in 1894, this two-story building boasts a rich history, previously housing the Western Bar and Wheel Bar on its main floor. The property sits on a 9,255 square foot lot within the Central Business District, zoned accordingly. The building comprises three addresses: 2710, 2712, and 2714 Minnesota Avenue, totaling 12,231 square feet. The main floor offers 6,460 square feet, while the basement contains 3,250 square feet, and the second floor provides an additional 3,250 square feet, ideal for apartments or office space. Partially completed work towards securing Historic Tax Credits is available, with the potential for a buyer to reapply. Additionally, an optional transfer of approximately $200,000 in value of completed architectural work related to the tax credits is available to the buyer, contingent upon their remodel plans. This property offers significant potential for mixed-use development and represents a compelling investment opportunity in a vibrant downtown location. The asking price is $295,000. The property's APN is 03092703120070000. The building is currently vacant.

    Property Features for 2712 Minnesota Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,231 SF

    Building Details

    Year Built
    1894
    Stories
    2

    HighLights

    • 12,231 SF historic building, built in 1894.
    • Three‑address property (2710, 2712, 2714 Minnesota Ave) totaling 12,231 SF; includes main floor, basement, and second floor.
    • Mixed‑use development potential.
    • Investment opportunity with potential Historic Tax Credits; partial work completed, buyer to reapply.
    • Optional transfer of $200,000 in value of completed architectural work related to tax credits, contingent on buyer's remodel plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail 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
    -108.5033288
    Latitude
    45.7805054

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    FAQs

    What type of property is this?
    Individual retail property - 12,231 SF, Vacant, Redevelopment Potential
    Where is this individual retail property located?
    The property is located at 2712 Minnesota Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 12,231 SF historic building, built in 1894.; Three-address property (2710, 2712, 2714 Minnesota Ave) totaling 12,231 SF; includes main floor, basement, and second floor.; Mixed-use development potential.
    (406) 672-0435
    Request Owner's contact information
    2712 Minnesota 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
    2712 Minnesota Ave Billings, MT 59101
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