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2526/2528 Grand Ave

Billings, MT 59102
  • $899,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 337318
UPDATED: 127 min ago
$899,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,368
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1981
County:

School Ratings & Info

Description

Two separate Commercial buildings zoned Corridor Mixed Use 1, already split into 3 separate condo units with a common parking lot. Great investment opportunity. Currently rented as retail and office spaces. Brand new roof, siding, gutters, and fascia just installed. The back building is 6,912 Sq ft with 3 separate rental spaces and the front building is 1,456 sq ft currently rented as a studio/salon. See full brochure for details. All units are metered separately. Located just west of 24th street on Grand Ave that sees lots of daily traffic. Rental rates are under market rent with lots of potential to increase cap rate. One unit vacant. Currently would be a 5 cap fully rented.

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© 2023 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 2/3/2023.
www.ashleydelpteam.com/homes/135085990
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2526/2528 Grand Ave Billings, MT 59102

  • Price: $899,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 127 min ago
  • MLS #: 337318
0
Beds
0
Baths
0
½ Baths
0.42
Acres
8,368
SQFT
$107
$/SQFT
1981
Built
Neighborhood:
2500 PLAZA CONDO
County:
Yellowstone
Area:
(07) Northwest Billings
Property Description
Two separate Commercial buildings zoned Corridor Mixed Use 1, already split into 3 separate condo units with a common parking lot. Great investment opportunity. Currently rented as retail and office spaces. Brand new roof, siding, gutters, and fascia just installed. The back building is 6,912 Sq ft with 3 separate rental spaces and the front building is 1,456 sq ft currently rented as a studio/salon. See full brochure for details. All units are metered separately. Located just west of 24th street on Grand Ave that sees lots of daily traffic. Rental rates are under market rent with lots of potential to increase cap rate. One unit vacant. Currently would be a 5 cap fully rented.
Exterior Features

Alley YN 1 Building Type Low RiseMixedOffice Built Info Established Construction Siding Hardiplank Land Sq Ft 18251 Number Of Parking Spaces 25 Parking Desc BlacktopCommon Lot Road Frontage 100 Road Surface Asphalt Roof Shingle

Interior Features

Ceiling Height 8 Heating Gas Forced Air Number Of Levels 2 Office Sq Ft 8368 Shop Or Warehouse Sq Ft 0

Property Features

Annual SID 0 Cooling Central Disclosure On File Elec Meters 3 Finance Type 1031 ExchangeCashConventionalNew Loan Gas Meters 3 Gross Annual Income 62040 Insurance 3684 Lease Type Other Leased YN Yes Misc Equipment RestroomsSign Remains Net Income 39875 Number Water Meters 3 Operating Expenses 22164 Possession At Closing Present Use Office Property Sub Type Office Rail YN No Restrictions See Deed Sales Includes BuildingLandSign Sewer Public Total Taxes 10756 Type Of Business Office Water Public Year Establish 1981 Zone Corridor Mixed-Use 1

Listing information © 2023 Billings Association of Realtors MLS
Listing courtesy of Sean Russell of Parks Real Estate: 406-322-4115
© 2023 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 2/3/2023.
 
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The Ashley Delp Team | Dream Realty
2526 Grand Ave, Suite 3
Billings MT, 59102