848 Main StBillings, MT 59105

Property Details for 848 Main St

Year built

1984

Construction

WOOD

Lot size

0.87 AC

Property size (Sq ft)

16,200 SF

Zone code

HC

Property type

Office properties

Property subtype

Other office properties

APN

03-1033-22-4-03-03-7000

APU

3103322403037000

Description

This exceptional 450-square-foot office suite, located at 848 Main Street, Suite A5, Billings, MT 59105, presents a fantastic opportunity for businesses seeking a prime location. The property, a Class B building constructed in 1984 and extensively renovated in 2024, offers a single-tenant occupancy within a retail and office complex. The suite boasts excellent visibility and exposure, situated at the well-lit intersection of Main Street and Milton Road, a high-traffic corridor with an impressive 30,000 AADT (Average Annual Daily Traffic). The space is ideally suited for traditional office, executive office, or medical office uses, featuring a welcoming reception area, a private office, a convenient restroom, and a practical kitchenette. The zoning is CMU1. With its recent renovation, this space offers modern amenities and a professional image, making it an attractive option for a variety of businesses. The property's 450 square feet of vacant space provides ample room for immediate occupancy. This is a rare opportunity to secure a well-located, updated office space in a thriving Billings neighborhood. Don't miss out on this chance to establish your business in a high-visibility location with excellent access and ample street traffic.

• CAP approach

  CAP return

  Valuation

  6%

  $3,597,930

  6.5%

  $3,321,166

  7%

  $3,083,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,097,492

  Geo Method

  $1,338,444

• Alternative Use

  Use

  Valuation

  Residential

  $4,118,246

  Hospitality

  $3,772,291

  Educational

  $3,138,502

  Medical

  $3,246,440

  Retail

  $4,882,114

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.8146

Longitude

-108.471

CBSA code

13740

CBSA name

BILLINGS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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