5541 Knox Ave Billings, MT 59106
This exceptional Class A industrial manufacturing facility presents a prime investment opportunity in Billings, Montana. The 12,000-square-foot building, constructed in 2024, sits on a 1.12-acre unzoned lot and offers a versatile layout. The property features a spacious 9,600-square-foot shop/warehouse area and 2,400 square feet of office space. Six 14-foot overhead doors with operators provide easy access for loading and unloading, while 480v/400A 3-phase power ensures ample capacity for manufacturing operations. The shop area is fully insulated and features high-efficiency LED lighting, large ceiling fans, and four 300,000 BTU natural gas heaters. The office space includes two ADA-compliant bathrooms, data wiring, carpeted floors, two gas furnaces, and two AC units. Ample paved parking is available. The property is currently vacant and available for a NNN lease at $2.50 per square foot. Its design allows for division into two equal units, each with its own gas and electric services, offering flexibility for future expansion or multi-tenant occupancy. This turnkey facility is ready for immediate occupancy and represents a strong investment in a thriving Montana market. The asking price is $1,850,000, or $154.17 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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