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    OFF-MARKET
    Retail space

    14 27th St, Billings, MT 59101-4201

    13,972 SF 0.16 ac lot Built 1930
    Individually Owned 9-yr Hold
    Property ID
    US52-0012138
    Property summary
    AI-generated overview

    This exceptional retail property at 14 S 27th St in Billings, Montana, offers 2,800 square feet of immediately available space within a larger 13,972 square foot building. Situated in the Central Business District, this Class B building boasts a prime location on a busy thoroughfare experiencing over 16,000 cars daily, ensuring excellent visibility and foot traffic. Built in 1930 and situated on a 7,000 square foot lot, the property features modern tile and luxury vinyl plank flooring, updated restrooms, and an open floor plan, ideal for a variety of retail uses. The lease includes access to one parking space in a nearby garage, supplementing ample street parking and a free city parking lot conveniently located nearby. The property's proximity to popular destinations like The Fieldhouse, Wild Ginger, RiverStone Health, Double Tree Hotel, and Carters Brewing provides significant advantages for attracting customers. Excellent signage opportunities further enhance the property's appeal. The monthly rent is $1,800 plus electricity. This is a rare opportunity to secure a high-traffic retail space in the heart of Billings.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1930
    Construction WOOD
    Total area 13,972 SF
    Lot 0.16 ac (7,013 SF)
    Zoning code CBD
    APN 03-0927-03-1-20-02-0000
    UPID US52-0012138
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Oluanai Photography Service (Bike/Boat/Book/etc) Store
    • Legacy Estate Sales & Auctions Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Brian Smith · 9 yrs held
    Brian Smith
    since 2017
    7 recorded transactions
    2021
    2017
    2016
    2012
    2012
    2012
    2012
    Zoning & alternative use
    CBD · Billings, MT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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