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    2290 King Ave Billings, MT 59102

    Sponsored
    For Sale
    $11,500,000

    141,636 SF Retail Building, Vacant

    Property size:
    141,636 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 141,636 square foot former Costco Wholesale building in Billings, Montana, is available for $11,500,000. This vacant, single-story, free-standing building sits on an 11.59-acre lot with 541 surface parking spaces. Built in 1991 and renovated in 2008, the property boasts a prime location at the intersection of King Avenue West and 24th Street West, offering excellent visibility and accessibility. The building faces King Avenue West, which sees 30,075 average daily traffic, and backs onto Grant Road. The property is zoned CMU2-Corridor Mixed Use 2, allowing for diverse redevelopment possibilities. Its location in Billings, Montana's largest city, provides access to a substantial regional market, including the state's largest hospital and major distribution centers. The property includes full signal access directly in front of the building on King Avenue West. Legal description: Lot 1-A-1-A of Amended Lot 1-A, Hogan Homestead Sub. This is a rare chance to acquire a large, well-maintained retail space with significant potential in a thriving Montana market.

    Property Features for 2290 King Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    141,636 SF
    Lot Size
    504,860 SF

    Building Details

    Year Built/Renovated
    1991/2008
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 141,636 SF, 1991‑built building
    • 11.59‑acre site with 541 surface parking spaces
    • Full signalized access on King Ave W
    • Lot 1‑A‑1‑A of Amended Lot 1‑A, Hogan Homestead Sub.
    • 30,075 ADT on King Avenue West
    • $11,500,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Costco Wireless Telecommunications Service Provider Kyle L. Hibbert, ... Optometrist LibertyX Bitcoin ATM Atm Costco Tire Center Tire Shop Kurt Brockhausen Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -108.5729082
    Latitude
    45.7533603

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    FAQs

    What type of property is this?
    Individual retail property - 141,636 SF Retail Building, Vacant
    Where is this individual retail property located?
    The property is located at 2290 King Ave Billings, MT.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: 141,636 SF, 1991-built building; 11.59-acre site with 541 surface parking spaces; Full signalized access on King Ave W
    (406) 294-6304
    Request Owner's contact information
    2290 King Ave Billings, MT 59102
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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
    2290 King Ave Billings, MT 59102
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