2316 1St Ave Billings, MT 59101

Property Details for 2316 1St Ave

Year built

1916

Construction

WOOD

Lot size

0.48 lot acres

Property size

8,890 SF

Zone code

CBD

Property type

Commercial real estate

APN

03-1033-33-3-05-05-0000

APU

3103333305050000

Description

This exceptional 1,900-square-foot retail space is located in the heart of Billings' vibrant downtown, within the Old Town Flats development. This Class A, single-tenant property, built in 2024, offers unparalleled visibility and accessibility. Situated in a high-traffic area with excellent retail exposure, the space is ideal for a variety of businesses. The property is zoned CBD and located in Yellowstone County. The landlord is open to build-to-suit options for tenants signing long-term leases, offering flexibility to tailor the space to specific business needs. The space can be leased as a single 1,900 sq ft unit or divided into two 950 sq ft units. Monthly rent ranges from $1,979 to $4,433, plus utilities, with a triple net (NNN) rate of $21-$24 per square foot, with NNN charges at $4 PSF. The Old Town Flats development includes 36 high-end residential units, creating a built-in customer base for retail tenants. Building amenities include electric vehicle charging stations, key card access, security cameras, a dog park, and a community patio with grills. The property enjoys close proximity to numerous restaurants and shops, and neighboring businesses include Ciao Mambo, Uberbrew, Nova Theater, and Buffalo Block at the Rex. This is a rare opportunity to secure a prime retail location in a thriving downtown area.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Longitude

-108.5

Latitude

45.7846

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments