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    Downtown Billings Office Space
    Updated: Mar 5
    Downtown Billings Office Space

    2823 2nd Ave N, Billings, MT 59101

    $960,000
    7,945 sqft
    Entire second floor of The Fratt Building
    Located in the heart of downtown Billings
    For sale (ownership opportunity)
    Historic Building
    Year Built: 1923
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    This listing looks promising.

    Here's a quick look at some key insights for

    2823 2nd Ave N, Billings, MT 59101

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $87K
      Annual

    • Price @ 7% Cap

      $1.24M
      Above asking

    • Property Type

      Commercial Condominium (Not Offices)
      Built 1923
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    Historic Office Building with Sunrooms
    Updated: Jul 7
    Historic Office Building with Sunrooms

    820 Division Street, Billings, MT 59101

    $950,000
    5,688 sqft 0.48 AC lot
    Brick building with central air and natural gas hot water heating
    Year built 1918 with original architectural character and details
    Adapted for professional office use with multiple office spaces and gathering areas
    Includes restrooms and generous square footage for business needs
    Two sunrooms
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    Historic Office Building with Sunrooms
    Historic Office Building with Sunrooms

    820 Division Street, Billings, MT 59101

    $950,000
    5,688 sqft 0.48 AC lot

    Professionally adapted historic home offering multiple offices, gathering space, restrooms, and two sunrooms.

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    Retail-Office Building with Elevator
    Retail-Office Building with Elevator

    15 N 26th, Billings, MT 59101

    $750,000
    0.08 AC lot

    Mixed-use building in downtown Billings with ground-floor restaurant space and elevator-served office floors.

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    Renovated Two-Level Office Building
    Renovated Two-Level Office Building

    11 E Airport Rd, Billings, MT 59105

    $939,000
    9,449 sqft 1.53 AC lot

    Renovated office property offering two levels on a large site along Airport Rd in Billings.

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    Flex Property with Garage/Shop
    Flex Property with Garage/Shop

    1045 Central Avenue, Billings, MT 59102

    $499,900
    2,417 sqft 0.67 AC lot

    Sale includes two Central Avenue properties with a fenced area for parking machinery and vehicles.

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    8-Story Office High-Rise
    8-Story Office High-Rise

    303 N 28th St, Billings, MT 59101

    $2,500,000
    117,141 sqft

    Eight-story building built in 1954 and remodeled in 2001, with US Bank on the first two floors.

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    Class A Office Building
    Class A Office Building

    1631 Zimmerman Trail, Billings, MT 59102

    $1,950,000
    4,754 sqft

    Custom-built office building in prime Billings West location.

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    Billings Office Building For Sale
    Billings Office Building For Sale

    2334 Lewis Avenue, Billings, MT 59102

    $1,900,000
    12,414 sqft

    12,414 SF office building in Billings, Montana.

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    Downtown Billings High-Rise Opportunity
    Downtown Billings High-Rise Opportunity

    303 North Broadway, Billings, MT 59101

    $2,500,000
    117,141 sqft

    Iconic 8-story building in downtown Billings, Montana.

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    West End Office Building For Sale
    West End Office Building For Sale

    2050 Overland Ave, Billings, MT 59102

    $999,000
    5,684 sqft

    Professional office building in excellent West End location.

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    Downtown Billings Office Building
    Downtown Billings Office Building

    2929 3rd Ave N, Billings, MT 59101

    $5,464,910
    63 sqft

    Five-story office building in downtown Billings, ideal for various businesses.

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    Renovated Multi-Tenant Office Property
    Renovated Multi-Tenant Office Property

    3302-3312 4th Ave N, Billings, MT

    $1,750,000
    15,802 sqft 0.32 AC lot

    Two-building office property with renovation and tenant occupancy.

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    Multi-Tenant Office and Retail Center
    Multi-Tenant Office and Retail Center

    926 Main Street, Billings, MT 59105

    Contact for pricing
    31,000 sqft

    Multi-tenant office and retail center in the Heights.

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    Downtown Billings Multi-Tenant Office Property
    Downtown Billings Multi-Tenant Office Property

    3312 4th Ave N, Billings, MT 59101

    $1,750,000
    15,802 sqft

    Two-building, renovated office property with on-site parking in downtown Billings.

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    Office Building Near Montana Avenue
    Office Building Near Montana Avenue

    3116 1st Ave N, Billings, MT

    $235,000
    1,348 sqft 0.24 AC lot

    1,348 SF office building on a 3,500 SF lot.

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    Office Building For Sale
    Office Building For Sale

    200 N 34th St, Billings, MT 59101

    $495,000
    3,660 sqft

    Office building with 3,660 square feet of space for sale.

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    Midtown Office Building For Sale
    Midtown Office Building For Sale

    1501 14th St West, Billings, MT 59102

    Contact for pricing
    39,052 sqft

    Midtown office building with suites available, close to amenities.

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    Modern Office Building in Billings
    Modern Office Building in Billings

    2220 Grant Rd, Billings, MT 59102

    $4,150,000
    25,825 sqft

    Premier office building with modern amenities and convenient location.

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    Spacious Billings Mixed-Use Investment
    Spacious Billings Mixed-Use Investment

    2110 Overland Ave, Billings, MT 59102

    $5,995,000
    72,598 sqft

    72,598 SF mixed-use property in a prime Billings location.

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    Historic Office Building in Billings
    Historic Office Building in Billings

    820 Division Street, Billings, MT 59101

    $950,000
    5,688 sqft

    Historic 1916 office building with modernized mechanical systems.

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    Retail, Office
    Retail, Office

    2929 3rd Ave N, Billings, MT 59101

    $5,900,000
    63,062 sqft 0.96 AC lot

    Office buildings · 63,062 SF

    View details
    Office Building with Parking Garage
    Office Building with Parking Garage

    220 N 27th St, Billings, MT

    Contact for pricing
    160,396 sqft 1.08 AC lot

    Office building with parking garage and redevelopment opportunities.

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    Historic Downtown Billings Office Building
    Historic Downtown Billings Office Building

    2610 Montana Ave, Billings, MT 59101

    $575,000
    15,000 sqft

    Charming 15,000 SF office building with historic character.

    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 24 Active Listings in Billings, MT, we suggest to view alternatives - similar 48 Off-Market properties to explore as potential leads.

    Billings, MT Office Buildings Market Trends and Statistics

    Explore 72 office buildings for sale in Billings, MT, showcased through 24 active listings on our real estate platform. These investment opportunities span a total of 390,028 square feet of properties for sale, with an estimated market value of $38,912,810.

    Sale prices for office properties in Billings, MT start at $235,000, averaging $2,048,042, and reaching up to $5,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 143
    Office buildings 41
    Medical Office Space 11
    Coworking space 2
    Creative space 1

    Demographics Overview

    Population 145K
    Population Growth (5Y) +7.5%
    Median Household Income $76,702
    College Educated 13.9%

    High-Yield Neighborhoods for Investment

    Identify Billings submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    59105 $469.5K
    59101 $1.7M
    59102 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.09%
    Property Tax per SF $15.06 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Yellowstone County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Yellowstone County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Billings fall within the 25,000 to 50,000 square foot range.

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