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Property profile

2223 Montana Ave Billings, MT 59101

FOR LEASE
Retail space
Property ID
US52-0003625
16,050 SF 0.22 ac lot Built 1928
Last sale May 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years.
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Property summary

AI-generated overview

Suite 201 is a 1,928 SF professional office suite within a 24,075 SF building. The space is configured with five private offices and a large reception area, providing a defined layout for office-based use. The building includes historic architectural character and incorporates contemporary industrial finishes associated with renovations. The property is located in downtown Billings at 2223 Montana Ave. and is zoned CBD (Central Business District). The site features dedicated parking and is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$1.62M
Effective rate1.25%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
853.85%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
The CBD district is the downtown mixed-use core intended to continue the existing character of the highly walkable downtown commercial co...
General categoryMIXED_USE
JurisdictionYELLOWSTONE

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility13.1
Convenience Store9.9
Pet Grooming Service9.0

Location

2223 Montana Ave Billings, MT 59101
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1501 2nd N, Billings, MT 59101-2622 $596,000 Apr 2024 15,320 SF
1380 Minnesota, Billings, MT 59101-2649 $1,116,622 Feb 2019 18,690 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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