145 Grand AveBillings, MT 59101

This exceptional investment opportunity in Billings, Montana, presents a unique blend of commercial and residential real estate. The offering includes a two-story, 8,117 square foot Class B office building situated on a 14,000 square foot lot at 145 Grand Ave, with 6,830 square feet of net rentable space. Currently housing multiple long-term tenants, the building offers a strong, stable income stream. The property boasts a 7.00% cap rate and a net operating income (NOI) of $77,000, with an asking price of $1,100,000 ($135.52/sq ft). Built in 1973, the property features two buildings, and is zoned NO (Neighborhood Office). Adding to its appeal is an adjacent two-bedroom, one-bathroom single-family home at 135 Grand Ave, generating $1,250 per month in rental income. This property benefits from high visibility on Grand Avenue, with monument signage visible to over 20,000 vehicles daily. The location offers easy access to downtown Billings and all areas of the city. This presents a compelling opportunity for owner-users seeking to expand their business or for investors looking for a diversified portfolio with both commercial and residential income streams. The potential for future development or continued rental income from both properties adds to the long-term value and flexibility of this investment. Rent bumps are permitted.