344 Grand AveBillings, MT 59101

Property Details for 344 Grand Ave

Year built

1928

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

1,365 SF

Zone code

NC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

03-0927-04-1-25-22-0000

APU

3092704125220000

Description

This exceptional investment opportunity presents a 2,357 square foot storefront property located at 344 Grand Ave, Billings, Montana, 59101. The property, situated on a 7,000 square foot lot (APN A18095), consists of two units within a single building, offering a compelling value-add proposition. Originally constructed in 1928 and renovated in 1996, the Class B building boasts a desirable location in the heart of Billings, experiencing high daily traffic counts of 13,096 vehicles. The property is zoned NO-Neighborhood Office, providing flexibility for a variety of commercial uses. With a total asking price of $220,000, the price per square foot is $93.34. This presents a rare chance to acquire a well-located, established retail space with significant potential for future growth and income generation in a thriving Montana market. The property's size and zoning offer considerable versatility for a range of commercial ventures. This is an ideal opportunity for investors seeking a strong return on investment in a dynamic urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $303,158

  6.5%

  $279,838

  7%

  $259,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,251

  Geo Method

  $112,776

• Alternative Use

  Use

  Valuation

  Residential

  $347,000

  Hospitality

  $317,850

  Educational

  $264,447

  Medical

  $273,542

  Retail

  $411,363

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7838

Longitude

-108.525

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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