2499 Lk Elmo Dr Billings, MT 59105-3931
This exceptional 32.55-acre agricultural property, located at 2499 Lake Elmo Drive, Billings, Montana 59105 (APN: 03103310408200000), presents a unique opportunity. Zoned for agricultural use ("Ag"), this expansive land offers unparalleled freedom from homeowner's associations or covenants. The property boasts a picturesque setting, with Five Mile Creek meandering through it, providing a tranquil escape from city life while still enjoying proximity to the amenities of Billings Heights. The location offers easy access to Lake Elmo, perfect for recreational activities such as fishing, swimming, or picnicking. This substantial parcel presents itself as a versatile investment, suitable for a custom home, animal sanctuary, or other agricultural endeavors. Its strategic location near a growing metropolis ensures both rural charm and potential for future appreciation. The asking price for this remarkable property is $675,000. Don't miss this chance to own a piece of Montana's beauty and potential.
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Billings Trap Club Gym & Fitness Center Sports Field & Court
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-9600 · Billings, MTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.