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923 2ND AVE N Billings MT 59101-2648

APN 03-1033-34-2-11-01-0000

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Details
Property Type Industrial
Sub Type Flex
Building SqFt 33,572
Lot SqFt 44,397
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code I1
Year Built 1957
Building Count 1
Opportunity Zone No
Lease Rate ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Industrial
Property Subtype
Flex
Asking Details
Asking Price
$3,675,000
Marketing Description

SterlingCRE Advisors is pleased to present 923 2nd Avenue North, modern industrial building positioned in the thriving North Park Commercial District of Billings, Montana.​ This ±33,543 square foot property represents a prime opportunity, surrounded by a robust commercial corridor with immediate access to I-90 and Billings’ primary arterials.​

Approximately ±26,307 square feet is available for occupancy, allowing a new owner to utilize nearly 78% of the building while benefiting from supplemental in-place income.​ Two established tenants currently generate annual rental revenue of $54,444, offering a rare blend of owner-user functionality with investment upside.​ The asset also qualifies for SBA financing, providing an attractive pathway for owner-occupiers to secure favorable lending terms.​

Strategically located with excellent visibility and access, the property is zoned Light Industrial (IL) and features three grade-level doors, one dock-high loading door, and a flat topography that allows for ample parking and multiple points of ingress and egress.​ The south-facing corner unit offers an exceptional retail or office showroom presence, maximizing street exposure and natural light.​

Investment Highlights
  • ±26,307 SF available immediately for an owner-occupier

  • Attractive in-fill location with close proximity to I-90 and Main Street

  • Professionally managed and well-maintained including several recent capital improvements

  • Dedicated parking, storage, and multiple ingress/egress points

  • Two tenants provide a new owner-occupier supplemental income

Property Type
Property Type
Industrial
Property Subtype
Warehouse, Distribution, Manufacturing
Marketing Description
• Listing Price: $2,400,000
• Cap Rate: 6%
• Total Building Size: 33,542 SF
• Total Land Size: 1.018 Acres
• Retail, Office & Shop Space
• Off Street Parking
• Building Signage
• ADA Restrooms
• Two Overhead Doors with access from 2nd Ave. N & N 10th St
• Zoned Controlled Industrial


Investment Highlights
  • Occupied by Direct Automotive, NorthWest Co., Gwenlynns Cleaning
  • Off-Street Parking Available
  • Excellent Visibility
  • 1 Dock Door & 1 Ground Level Drive-In Door
  • New Paint and landscape
Property Type
Property Type
Industrial
Marketing Description
33,542 SF warehouse distribution facility located on 44,362 SF tract zoned Controlled Industrial. The property is comprised of 3 suites. Suite 1 comprises 26,306 SF and is ideal for distribution use. Suites 2 & 3 are leased to service businesses.


Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
SK
Steven Kenney
LIC: RRE-BRO-LIC-1582
•••-•••-1234
•teve@••••••••••.com
Brokerage logo
Listing removed on
 BY:
RM
Richard Martin
LIC: RRE-RBS-LIC-53479
•••.•••.3111
•••hard@•••••••••••••••.net
Brokerage logo

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