420 25Th StBillings, MT 59101

Property Details for 420 25Th St

Year built

1926

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

2,443 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

03-1033-33-3-11-02-0000

APU

3103333311020000

Description

This exceptional investment opportunity presents a 0.5-acre, low-rise commercial property located at 420 N 25th Street in Billings, Montana. Priced at $1,200,000, the property boasts a diverse range of features designed to maximize return on investment. The main building comprises seven individual offices, a dedicated conference room, and a reception area, ideal for a variety of professional uses. A significant advantage is the existing cell tower lease, providing a stable and long-term income stream with 17 years remaining on the current contract. Attached to the main building is a warehouse featuring three secure storage bays and additional open storage space on the upper level, along with an extra office. The property is fully fenced for security, accessed via a locked gate, and offers four designated parking spaces supplemented by ample street parking. Currently occupied until April 1st, 2025, this property offers immediate income potential and a strong foundation for future growth. The combination of office space, warehouse storage, and a lucrative cell tower lease makes this a truly unique and compelling investment opportunity in the thriving Billings market.

• CAP approach

  CAP return

  Valuation

  6%

  $542,576

  6.5%

  $500,839

  7%

  $465,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,910

  Geo Method

  $201,841

• Alternative Use

  Use

  Valuation

  Residential

  $621,040

  Hospitality

  $568,870

  Educational

  $473,293

  Medical

  $489,570

  Retail

  $736,234

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7868

Longitude

-108.505

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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