Market Report - NAI Business Properties · Office Space For Sale/Lease 1643 24th Street West, Suite...

Al Koelzer406 591 4815

Ron Elkin406 670 8935

Michael Walker406 690 2320

Ken Kunkel406 591 1234

Brian McDonald406 860 1567

Drew Smith406 672 2698

Matt Robertson406 671 1158

Tyler Samson406 671 8257

Todd Gainan406 294 6313

Rica Dombrovski406 294 6311

Ethan Kanning406 672 0435

naibusinessproperties.com

Spring 2017naibusinessproperties.com

February 2017

Market Report

Table of Contents2–4 ............................Office Properties For Sale/Lease5–7 ............................. Retail Properties For Sale/Lease8 –10 ..................... Industrial Properties For Sale/Lease10 .......................................... 1st Quarter Sales/Leases11 .............................................. Investment Properties12–13 .................................................... Land For Sale14–15 ............................................Featured Properties16 ................................................... NAI Advertisement

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Office 406-256-5000 | Fax 406-256-9494 3312 4th Avenue North | Billings, Montana 59101

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Trends and Forecasts Vacancy Lease Rates Absorption Sales

OfficeThe office market has shown more strength than we expected earlier on 2016. Total square footage leased in 2016 was just short of 100,000 square feet. That is more than double the square feet leased in 2015. The primary driver were several large Class A leases to both medical and professional tenants. Class A space continues to show strength with consistent demand, but 2nd generation B and C space has a tougher time attracting tenants. Office Sales were also stronger than expected in 2016. Our office brokered 15 sales totaling almost $8 Million in gross sales. Nationally the commercial real estate growth period is expected to ebb, but Billings has not traditionally followed those trends.

Office Space For LeaseThe Grand Building, 100 N 27th Street

• Suite 115: 2,000 SF, $2,167/mo.• Suite 250: 1,241 SF, $1,550/mo.• Suite 750: 1,940 SF, $2,630/mo.• Full Service Lease• Sky Bridge to the Parking Garage

Matt Robertson

Office Suites For Lease3300 2nd Avenue North

• Suites 3 available, approx 480 SF• Parking space & bathroom• $400 /suite/mo.

Includes heat and AC

Drew Smith

Office/Apartment Building1130 Cerise Road, Lockwood, MT

• 5,338 SF, 11 Offices, Reception, 1.48 Acres, Kitchen, Conference/Class room

• 4,444 SF in two Large Apartments• Asking $699,000

Drew Smith

Office Space in Premier Location2345 King Avenue West

• Suite A: Apx. 2,356 SF Office Space• Suite B: Apx. 870 SF Office Space• Suite C&D: Apx. 4,000 SF Office Space• Lease Rate: $16 PSF plus CAM

Matt Robertson

New Construction For Lease1305 South 27th Street West

• Four Suites: A, B, C & D• Building: 8,000 SF; Office/Restroom:

571 SF; Showroom: 1,580 SF; Warehouse: 6,000 SF

• Rent: $6,550 per month, NNN

Ken Kunkel

Retail/Office Space For Lease670 King Park Drive, Units 8 & 9

• Unit 8: 1,645 SF, $1,645/month• Unit 9: 1,900 SF, $1,900/month• Combined: 3,545 SF, $3,545/month• All units are plus gas & electric

Rica Dombrovski

Office/Retail Building For Sale2409 Arnold Lane

• 7,310 SF Office Building• 2,400 SF Retail Building• Good Frontage to 24th St (21,730 ADR)• List Price: $650,000 $599,000

Robertson / Samson

Office Space For Sale/Lease2747 Enterprise Avenue, Suite 5

• 7,154 SF, 11 Private Offices• Large Storage Room with OH Door• Lease Rate is $8.50 PSF plus utilities• List Price: $895,000 $795,000

Brian McDonald

Office Building For Sale1523 Wyoming Avenue

• 4,070 SF Building on 18,222 SF Lot• Main Floor: 2,035 SF,• Partially finished Lower Level: 2,035 SF• List Price: $495,000

Rica Dombrovski

Office Space For Sale/Lease1643 24th Street West, Suite 113

• 1,050 SF, currently 3 offices but could be divided into 4 offices

• Lease: $1,115 + Utilities• For Sale: $120,000

Todd Gainan

4th Floor Office Space For Lease115 North Broadway

• Suite 402: 915 SF $1,150/month• Suite 406: 240 SF $345/month• Suite 410: 2,200 SF $2,600/month• Full Service Lease, excluding janitorial

Robertson / Kanning

Class A Office Space For Lease2601 Minnesota Avenue

• Approx. 1,600 SF, Multiple Offices, Shared Conference Room

• Class A Finishes, Open Reception• Lease: $1,995/Mo. Full Service and

Tenant Pays Janitorial

Matt Robertson

Salon Space For Lease/Sale926 Main Street, Suite 14

• 1,231 SF, $1,435/mo. + CAM & utils.• 3 private offices, Reception,

2 Restrooms, Conference Room• Ample Parking, 2 Private Entrances

Matt Robertson

New Westend Office Space940 South 29th Street West

• South of King Ave West near Home Depot, Ashley Furniture, US Bank

• 1,750–3,500 SF of New Class A Space, Build-to-Suit

Drew Smith

Office Space For Lease1250 15th Street West

• Office Suite 204A 900 SF• Shared restrooms• On-site owner• Asking $14 PSF, Full Service

Matt Robertson

Office Building For Lease1015 Broadwater Avenue

• 13,368 SF Office Space on 2 levels• Mix of private offices and open areas• Fully remodeled building 2012-2013• Rent $13 PSF, Tenant pays electric

(est $1.20 PSF) and snow removal

Drew Smith


Clients Represented…

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Office Space For Lease926 Main Street, Suite 25

• Open Retail or Office Space• Approx. 865 SF, Main St. Exposure• Private office, Private restroom• $925/Mo. + utilities

Robertson / Kanning

Office Space For Lease1601 Lewis Avenue

• Suite 103: 1,328 SF; Suite 109: 1,194 SF• Full service. On-site parking.• Base rent $9.50/SF plus Op Exp.

Drew Smith

Wells Fargo Tower Office Space175 N 27th Street, 11th Floor

• 1,573sf & 3,386sf, Class A Office Space• 24 hr Secure Access, Parking Garage

Adjacent. On-site Maintenance and Management

• $17.70 PSF Full Service

Mike Walker

Dental/Medical/Ortho Space2370 Avenue C

• 1,331 SF, Large reception area, lab area, patient rooms and office

• Convenient location• $15.50/SF + electricity and janitorial

Walker / Kanning

Office/Retail Space For Lease2718 Montana Avenue

• Office Space: 600 to 8,500 Sq Ft• Retail Space: 1,200 to 6,000 Sq Ft• Fitness Center, Conference Center• Lease: $15.90/psf; Full Service

Matt Robertson

Office Spaces For Lease2929 3rd Ave. North

• 10,400 SF. Perfect for attorney, insurance, stock broker.

• Storage. Large lunch/mtg rooms.• Rent: $14/psf/yr. Full Service.

Drew Smith

Downtown Offices For Lease2602 1st Avenue North

• $12 PSF, Full Service Rent (Except Janitorial and Data)

• Size: 155 SF – 780 SF• Great Secured Location

Tyler Samson

Office Building For Sale3627 O’Shea Circle

• 4,596 SF building located on .464 Acres, adj. .263 Acres lot included

• Zoning: Planned Unit Development• Price $650,000• Spaces For Lease also

Walker / Dombrovski

Class B Office Space For Lease1220 Avenue C, Suite C

• 1,500 SF, Five Private Offices• 2 Bathrooms, Open Reception,

Kitchenette, Storage Room• Lease Rate: $1,350/Mo. + Utilities

Matt Robertson

West End Class A Office Space100 Brookshire Blvd, Suite 7

• New Construction; Now Available to start tenant improvements

• $30 PSF tenant imprvmnt. allowance• Area: 4,720 SF; Built: 2017• Lease Rate: $19.50 PSF, NNN

Drew Smith

Locally-owned and Operated Since 1954

Church with House on Lot523 South 29th Street

• Lot Size: 19,500 SF, Zoning: 12-6000• Church: 7,966 SF (552 S 29th Street)• House: 3,234 SF (523 S 29th Street)• List Price: $369,000

Matt Robertson

Office Space For Sale1690 Rimrock Road, Suite C

• 2,448 SF, Zoned Residential Prof.• For Sale: $417,900• Current owner will lease back

through 10-31-2017 at $14.50 NNN

Todd Gainan

Office/Shop Space For Lease2404 6th Ave. N. & 510 N. 24th St.

• Office: Approx. 2,000 SF, Great Exposure, $1,300/Mo. + Utilities

• Shop: Approx. 1,800 SF, Includes Yard Area, $700/Mo. + Utilities

McDonald / Koelzer

Office Space For Lease2860 Old Hardin Road

• Unit #1: 2,500 SF of Professional Office Space, $12 PSF plus Utilities

• Near the interstate and banking in Lockwood, just east of Billings

Drew Smith



OfficeContinued...

Office Space For Lease27 N. 27th Street, DoubleTree

• Space available 400 – 4,390 SF• Class A space. Excellent views.• Onsite restaurant. Parking garage.• Lease Rate $16.00/psf, full service.

Matt Robertson

Office Space For Lease2475 Village Lane

• 3rd Floor: 2,860 SF, $16 PSF• 1,700 SF with 1,160 SF Mezzanine• 6 Individual Offices• Reception & Lobby Area

Ron Elkin

Dental/Medical Space Sale/Lease1690 Rimrock Road, Suite E

• Apx. 1,636 SF, reception, 5 operato-ries, lab, and office

• For Sale: $325,000 NOW $295,000• For Lease: $1,975/mo. NNN

Al Koelzer

Office/Service Building1480 17th Street West

• 1,995 SF office/service building• Drive thru lane and window• $10.00/SF + utilities and pass

through expenses

Mike Walker

11,600 SF Office Space For Lease1310 Main Street, Suite A

• 11,600 SF Office Space• Multiple Offices, Bull Pens and

Conference Room, 83 Parking Stalls• $11.00/SF + Utilities and Janitorial

Mike Walker

Downtown Office Space2825 3rd Avenue North

• 2nd Floor: 5,300 SF Rent: $11.50 PSF, Full Service

• 3rd Floor: 9,500 SF, Shell Space Rent: $13.50 PSF, Full Service

Drew Smith

Up to 8,400 SF Flex Space145 Regal Street

• 4 units of 2,100 SF each can be leased individually or combined

• $1,850/Mo. per unit. Includes CAM’s• Tenant pays utilities

Drew Smith

Downtown Office Space3324 2 Avenue North

• 3,200 SF, currently configured as classroom spaces

• Can be remodeled to suit• 8 parking spaces w/ street parking• $2,700 per month, plus utilities

Drew Smith

Office Building For Sale/Lease2139 Broadwater Avenue

• Space: 450 SF, Lease rate: $600/mo.• Office, Reception, Restroom• Great Exposure, Improvements• List Price: $349,000 for 5,232 SF

Walker / Smith

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• Multiple offices, private restrooms• Storage rooms, ample parking• 1,455 SF• Lease: $1,475/Mo. + utilities

Robertson / Kanning

Office Building For Sale1015 Broadwater Avenue

• 13,368 SF Office Space• Mix of private offices and open areas• Fully remodeled building 2012-2013• Price: $1,282,000

Ken Kunkel

Office Space For Lease208 North 29th Street

• 204 N. 29th St. 2,800 SF: $2,100/mo• 2911 2nd Ave. N. 2,100 SF: $2,300/mo• #201: 1,420 SF $1,056/mo; #204:

930 SF $800/mo; #223: 980 SF $860/mo; #226/#227: 1,090 SF $1,055/mo

Robertson / Kanning

4th Floor For Sale115 North Broadway

• Approx. 6,000 SF, remodel 2008/’09• 3,200 SF available for owner/user• Basement storage included.• Price: $585,000

Matt Robertson

Office Space For Lease1643 24th Street West, Suite 102

• 375 SF, West end office suite• Shared Restrooms• Abundant Parking• Lease: $475 includes utilities & internet

Drew Smith


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Trends and Forecasts Vacancy Absorption Sales

RetailRetail activity continues to be the dominant industry segment in the Billings market. Several projects have centered around redevelopment of existing properties with net new buildings appearing in Shiloh Crossing with the building of Riddle’s Jewelry/Turley Dental, Popeye’s, Five Guys and Jiffy Lube (under construction). Domino’s has made to moves on the west end; Shiloh Crossing and 2802 Grand Avenue (former Valet Today Cleaners Building). We continue to have three large vacancies in the market which is rare for Billings. Kmart (105,000 SF), The Sports Authority (40,000 SF) and Hastings (25,000 SF). There are tenant prospects looking at all of these locations. We have seen an increase in tenant interest for downtown Billings which is encouraging and needed. The Billings Heights area has seen some new development lead by Town Pump with three projects in various stages. Hardee’s has also opened and Altana Federal Credit Union is under construction. Cap Rates are as low as they have been since 2007. Credit tenant investment product is trading below 6% cap rates and strong non-credit retail trades between 6%-7%.

West Park Promenade Space1603 Grand Avenue

• Centrally located shopping center• Grand Avenue Traffic: 19,590 ADT• Former Hastings Anchor 25,000 SF• 1,786 SF & 4,500 SF Available• Lease Rates start at: $16.50/SF NNN

Walker / Dombrovski

Retail Space For Lease2800 North Reserve, Missoula, MT

• Office, Retail or Restaurant, 7,000 SF• Highly Visible. Major Tenants: Old

Navy, Michael’s, PetSmart, Pier I• Rent and Terms are Negotiable

Mike Walker

Restaurant/Bar For Sale17 S. Broadway Ave., Red Lodge, MT

• Includes full beverage license, furni-ture, fixtures, and equipment

• 5,140 SF Building with 4 bedroom 1 ½ bath apartment upstairs

• Price: $1,200,000

Tyler Samson

Retail Pad Space For LeaseN 19th Ave. & Oak St., Bozeman, MT

• Multi-Tenant Pad Space for Lease• 6,000 SF Building• 1,200 to 2,400 SF• $26.00/SF NNN

Mike Walker

Retail Space For Lease100 North 24th Street West

• 40,000 SF High Profile Location• Former Sports Authority Space• Loading Dock, Heavy Electrical• For Lease: $8.00 NNN ($2.25/SF)

Mike Walker

Retail Space For Lease/Sale985 South 24th Street West

• Land: 61,876 SF, Building: 16,167 SF• Open Floor Plan with Two Offices,

Two Bathrooms and Breakroom • Lease: $9/SF NNN, Price: $1,840,000

Mike Walker

Cowboy Bar and Supper Club1 East Main Street Fishtail, MT

• Full Liquor License: Bar/Restaurant• Building: 3,800sf; Land: 20,037sf• Well established in tourism area• Price: $295,000

Walker / Samson

Retail Building For Sale1508 & 1516 Main Street

• Corner Location with High Visibility• Building Size: 2,155 SF (1998)• Land Size: 29,839 SF (Two Parcels)• Zoning: Highway Commercial• Price: $750,000

Mike Walker

Former Car Rental Facility2600 6th Avenue North

• Main level 2,258 SF of Offices• Upper level 1,232 SF, Site 28,000 SF• 1,076 SF Wash Bay/Shop Area• Price $849,000

Ron Elkin

Prime Restaurant/Café Space520 Wicks Lane, Suite 11

• 1,398 SF with open floor plan• Hood System & Walk-in cooler • Private bath & ample off-street parking• Lease: $1,175/Mo. + CAM ($3/SF)

Kanning / Smith

Retail or Restaurant Building101 North 1st Street, Roberts, MT

• Restaurant Furniture, Fixtures, and Equipment Included in Sale

• Building: 4,900 SF; Main Level: 2,711 SF; 4 Bdrm Apartment: 2,200 SF

• Price: $399,000

Tyler Samson

Retail Space For Lease2545 Central Avenue, Rimrock Plaza

• Spaces Available: 1,190 to 1,820 SF• Up to 3,000 SF contiguous• Anchors: Target, TJ Maxx, Dollar

Tree, Sola Salon• Lease Rate: $15.50 PSF NNN

Smith / Walker

Retail Building For Lease318 Main Street, Roundup, MT

• 7,680 SF• Sub-Lease from Advance Stores Co.• Overhead Door access from Alley• Monthly Rent: $1,280 + Utilities

Ron Elkin

Restaurant For Sale224 S. Broadway Ave., Red Lodge, MT

• Approx. 3,895 SF Restaurant Facility• Beer/Wine License Avail. Separately• Land: 12,501 SF, Corner Location• FF & E included in Sale• Price: $573,000, RE Taxes: $6,494

Walker / Samson

Retail Space For Lease2230 No. Reserve, Missoula

• Suite 130, 1,536 SF, $16/SF, NNN• Suite 400, 6,657 SF, $11/SF, NNN• Harbor Freight Tools, Party America,

Pizza Hut, Albertsons, Staples

Mike Walker

Retail/Office Space For Lease960 South 24th Street West

• A: 3,590 SF, 2 ADA restrooms, vanilla space $14.50 PSF + $3.15 CAM

• A1: 1,040 SF, $12.50 PSF + $3.15 CAM• C: 1,278 SF, $12.50 PSF + $3.15 CAM

Rica Dombrovski

Lease Rates



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Hardware/Auto Store For Sale1832 King Avenue

• Land: Apx. 101,225 SF/2.3 Acres• Building: Apx. 10,000 SF.• Traffic Count King Ave.: 38,550 ADT• RE Taxes: Apx. $21,300/year• Price: $2,600,000

Al Koelzer

Retail Building For Sale/Lease1442 Main Street

• Building: 7,500 SF, Lot: 16,367 SF• HVAC, 400 AMP service, ADA Comp.• 2 offices, Kitchen, Locker Rooms• For Lease $3,750/Mo. ($6 PSF) NNN• For Sale: $499,900

Robertson / Samson

Retail Space For Lease1500 Broadwater Avenue

• 1,680 SF Retail with private offices• Currently used as a salon/spa• Great visibility at 15th & Broadwater• Lease Rate: $10 PSF, NNN

Drew Smith

Retail Space For Lease4011 Montana Sapphire Drive

• 1,600–3,200 SF, Vanilla Shell Delivery• Co-Tenant with Jimmy Johns• King Ave and Shiloh Rd area• $21 PSF, NNN

Drew Smith

Former Wells Fargo Motor Bank119 N. Broadway, Red Lodge, MT

• 425 SF Building with two drive lanes• Apx. 10,977 SF of land on 4 city lots• Lots 1-4, Block 38 Red Lodge Original Townsite, Price: $180,000

Mike Walker

1,000 SF Prime Retail/Café Space1310 Main Street, Suite E

• Open plan; existing plumbing and electrical fittings for a bakery/café

• Shared common bathroom• Daily Traffic Count: 32,000 ADT• $1,100 per month plus utilities

Mike Walker

Former Auto Bank Facility136 Main Street, Shelby MT

• 7,008 SF lot size• 629 SF former auto bank facility• Covered drive-through lane• 616 SF basement• Price: $50,000

Mike Walker

Retail Space For Lease315 Main St., 100

• 1,710 SF Retail Space, Suite 100• Near Metra Park; Abundant Parking• Main St. Traffic Count: 47,660 ADT• For Lease: $3,135/Month NNN

Todd Gainan

RetailContinued...

Retail/Office Space For Lease2205 Grand Avenue

• 1,250 SF, Open Floor Plan• Restroom, Excellent Parking• Grand Ave. traffic count: 18,340 ADT• $1,300/mo.+ Gas & Electricity

Rica Dombrovski

Retail Space For Lease1010 Grand Avenue

• 1,100 SF Retail/Office• Newly remodeled,Shared Parking• Grand Ave. Traffic Count: 5,630 ADT• $1,200/mo. + Gas & Electricity

Rica Dombrovski

Retail Space For Lease1807 Grand Avenue

• Building Size: 5,500 SF• Excellent Signage, Open Retail Space• Off-street Parking, Restroom w/Shower• Rent: $6 PSF, $2,750 per Month

Matt Robertson

Retail Space For Lease3210 Henesta

• Approximately 1,500 SF• Over 10,000 cars per day N and S• Rent: $1,625/month ($13 PSF)• Cam: $437/month ($3.50 PSF)

Koelzer / McDonald

Retail Space For Lease1343 Broadwater Avenue, Suite 1

• Approx. 1,500 SF open space• 3 private offices; Good parking• All utilities included• $1,695 Per month

Matt Robertson

Retail/Office Space For Lease2211 Grand Avenue

• Approx, 2,500 SF of retail/office space with 1,250 SF warehouse space

• 4 offices, 2 restrooms, Kitchenette• Reception Area, Open Floor Plan• $3,500 + Gas & Electricity

Rica Dombrovski


Retail Building For Sale1904 3rd Street N.W., Great Falls

• Building is 2,600 SF• Net Lease Investment:

City Brew Coffee: 10 Year Lease Verizon: 6 Year Lease

• Price: $3,073,430

Brian McDonald

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Retail Space For Lease485 South 24th Street West

• 3,404 SF retail space w/ with 2 offices and rear overhead door

• 24th Street Traffic Count: 23,990 ADT• $3,120/Mo. + gas and electric

Walker / Samson

Retail/Restaurant Space For Lease2135 Grand Avenue

• Unit A: 3,700 SF• 2 ADA bathrooms; Plenty of parking• Great Grand Avenue exposure for

Restaurant, Retail, and Office• For Lease: $3,250/month NNN

Brian McDonald

2,000 SF Retail Space For Lease108 North Broadway

• Clean Vanilla Shell–customizable• 1 office located in back, ADA Bath• Lease Rate: $2,167/month ($13/SF)• Tenant pays Utilities & CAM Charges

Robertson / Kanning

Retail Space For LeaseButte Plaza Mall, 3100 Harrison

• 21,000 SF & 34,600 SF Available• Anchors: Herberger’s, Plaza 6

Theaters, 835 Parking Stalls• Contact Mike for Lease Information

Mike Walker

Retail Space For Lease712 Carbon Street, Suite C-3

• C3: 3,500 SF, $2,480/mo. + util• Near Costco, Shopko, Walmart.• FREE RENT INCENTIVES

Koelzer / McDonald

Bridger Peaks Towne CenterNo. 19th Street & Oak, Bozeman

• Retail Space: 1,800 – 4,800 SF, $17–$19/SF, NNN,

• Pad Bldg. Space: 1,000 & 1,200 SF, $26/SF NNN

Mike Walker


2nd Level Open Space For Lease131 Moore Lane

• 6,800 SF on 2nd Level• Open Space—Ideal for a church

meeting hall or dance studio• Rent: $1,850/Mo. + utilities

Drew Smith

Why NAI?

NAI Global’s focus on the client predicates our commitment to perform our commercial real estate services with the passion, dedication and expertise to realize maximum potential for our clients worldwide.

Our collaborative services platform provides an expansive, yet nimble and responsive structure, enabling us to deliver superior results across the full spectrum of sectors for owners & investors, occupiers and developers of property.

We uniquely combine an agile platform with experienced real estate teams, backed by the institutional strength of one of the world’s leading property investment companies.

Commitment & Performance for the client.




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Trends and Forecasts Vacancy Lease Rates Absorption Sales

IndustrialThe Billings Industrial Market has seen good activity in the 10,000-20,000 square foot market while the small warehouses with yard space have seen some slow down due to the continual decrease in oil and gas activity. The micro warehouse (1,000–1,500 SF) market continues to grow with a significant amount of units on and coming to the market spring 2017. Billings continues to draw regional industrial and distribution users and is expected to continue that growth pattern over the next few quarters. NAI Business properties sold or leased over 325,000 square feet of industrial/distribution space in 2016 and expects to follow that trend in 2017.

Warehouse Building For Lease917 3rd Avenue North

• 3,600 SF Building, 19,776 SF Lot• 12' Ceilings, Flr Drains, 3 Phase Pwr• Walk-In Coolers and Fire

Suppression System, Loading Dock• Lease Price: $1,800/month + utilities

Robertson / Kanning

Warehouse/Office For Lease1057 South 29th Street West, Unit C

• ±2,532 SF Office/Warehouse• 2 Restrooms, 12' Overhead Door• Overhead Radiant Heat in Warehouse• Rent: $1,995/Mo. + Utilities

Ken Kunkel

Office/Warehouse For Lease2601 Overland Avenue, Units 1 & 2

• (2) 4,400 SF Units • Loading Dock Serves Both Units• $3,575, NNN, Per Side• Rent incentive for qualified tenants

Brian McDonald

Office/Warehouse Property300 Moore Lane

• 2,600 SF Office, 3,250 SF Warehouse• 26,500 SF Lot; Fenced Yard• Zoning: Controlled Industrial• Price: $8.00/PSF Plus Utilities

Smith / Samson

For Sale or For Lease3927 and 3931 1st Avenue North

• Bldg (1): 19,000 SF Leased• Bldg (2): 38,654 SF, $3.50/SF + utilities• Land: 2.42 acres, Building: 57,654 SF • Price: $1,650,000 for entire property

Mike Walker

Shop Space For Lease5835 Interstate Avenue, Suite C

• 1,500 SF; 14'x14' OH Door auto open• Interior office with mezzanine• 16' sidewalls, bright and open• 3 phase power to panel• For Lease: $1,100/Mo. + utilities

Drew Smith

Shop/Store/Warehouse5364 Midland Road

• Building: 5,600 SF Office/Warehouse• Land: Approximately 1 acre• Zoned: Highway Commercial• For Sale: $680,000• For Lease: $4,700 NNN

Brian McDonald

Warehouse/Office Space1033 South 29th Street West, D

• ±3,450 SF, Reception area, 2-baths• Loft storage, Outside fenced storage• Very nice unit!• $2,495/Mo. + utilities

Ken Kunkel

Shop/Office For Lease7340 Eggebrecht Lane

• 3,750 SF Shop, $2,500/Mo. + utilities• 18' Sidewall, One 16' Overhead Door

Ken Kunkel

Industrial Space For Sale/Lease2525 Minnesota Avenue

• Main Building: 5,000 SF, Zoning: CBD• Attached Garage: 1,150 SF• For Lease: $1,750/Mo. + Utilities• For Sale: $135,000 (Rail Land Lease)

Matt Robertson

Industrial Space For Sale/Lease205 S. Washington St., Laurel, MT

• Approx 2 acres w/ large fenced yard• 5,000 SF Shop, 2 OH Doors• 16' Sidewall, Radiant Floor Heat• 1,200 SF Office with ADA Bathroom• Lease Rate: $3,800/Month, NNN

Drew Smith

Manufacturing Facility For Sale6780 South Frontage Road

• Building size: apx 29,520 SF• Site: Approx. 6.3 Acres• (8) 14'H x 18'W roll-up doors• Zoned: Controlled Industrial• PRICE: $2,600,000 USD

Mike Walker

Warehouse Space For Lease2596 Enterprise Avenue

• Size: 4,608 SF, 3 OH Doors• Large Upstairs Open/Office Space• Additional Mezzanine Storage• Floor Drains• $1,950/Month plus CAM

Robertson / Kanning / McDonald

Office/Showroom/Warehouse1305 South 27th Street West

• Four Suites: A, B, C & D• Building: 8,000 SF; Office/Restroom:

571 SF; Showroom: 1,580 SF; Warehouse: 6,000 SF

• Rent: $6,550 per month, NNN

Ken Kunkel

Office/Warehouse For Lease2478-2482 Overland Avenue

• All or part of 10,320 SF• Rent: 2478-$2,000/mo.; 2480-

$2,293/mo.; 2482-$2,293/mo.; All units-$6,450/mo. All units are + utilities

McDonald / Koelzer

Office/Shop Space For Lease2404 6th Ave. N. & 510 N. 24th St.

• Office: Approx. 2,000 SF, Great Exposure, $1,300/Mo. + Utilities

• Shop: Approx. 1,800 SF, Includes Yard Area, $700/Mo. + Utilities

McDonald / Koelzer


PAGE|9

Warehouse For Sale/Lease206 Reynolds Rd, Lockwood, MT

• Office/Shop: 2,250 SF; Lot: 12,222 SF• 3 Overhead Doors; Paved Parking• Lease Rate: $2,500/month, NNN• For Sale: $225,000

Brian McDonald

Warehouse/Office For Lease1202 So. 32nd Street West

• Warehouse: 5,250sf. Office: 2,000sf.• 2 Acres fenced, graveled yard.• Rent: $5,000 per month, NNN.• 2–4 additional Ac. avail. Make Offer!

Brian McDonald

Warehouse/Office Space For Lease2019 Montana Avenue

• Building: 34,820 SF; Lot: 36,090 SF• Apx. 5,200 SF of Private offices and

open work space; Apx. 29,620 SF of Warehouse on two levels

• For Lease $4,345 NNN

Brian McDonald


Warehouse/Office Space for Lease339 South 26th Street

• 2,800 SF, Warehouse, (2) Private Restrooms, Open Retail/Office Area

• 14' OH Door, Mezzanine Storage• Lease Price: $1,750/mo. + Utilities

Matt Robertson

Office/Warehouse For Lease332 South Plainview Street

• 22,000-62,000 SF, 16'-34' Ceiling Height• Multiple Dock Doors, 480 3 Phase Pwr• Freezer/Cooler Space, Yard Space• Rent: $4.95 PSF, NNN

Matt Robertson

Former Truck Service/Parts Facility1110 3rd Avenue North

• Former Truck Service, Sales, Parts Facility and Vacant Lots

• Asking Price: $925,000—A• Asking Price: $425,000—B

Ken Kunkel

Warehouse/Shop/Office Space1701 4th Avenue North

• Approx 6,000 SF Space, Office/Bath, Outside Fenced Storage, 18' Side Wall, 14' OH Door, Loading Dock, Ramp

• Lease: $2,400/Mo. Gross + Utilities

Ken Kunkel

Industrial Offices/Shop For Lease1650 Lockwood Road on 4.27 Acres

• Front Bldg: 15,071sf. Ofc. 5,500 SF WH/shop 7,700sf. Laundry, storage.

• Back Bldg: 10,080sf. Ofc., storage, shop.• Lease Rate: $15,000/mo., Triple Net

Drew Smith

Westend Retail/Warehouse2747, 2749, 2751 Enterprise Ave.

• 2747 #5. 7,154 SF. $5,075 SF +util.• 2751 #1. 7,135 SF. $4,460 +util.

Brian McDonald

Warehouse For Sale/Lease2751 Enterprise Avenue, Suite 1

• Approx. 7,135 SF w/ 1 Bdrm Apart.• Large Showroom or Cubicle Space• Rent: $4,460/mo. plus utilities• List Price: $725,000

Brian McDonald

Warehouse For Sale/Lease2751 Enterprise Avenue, Suite 1A

• Approx. 3,570 SF, 1 OH Door–12'x12'• Large Showroom or Cubicle Space• Rent: $2,750/mo. plus utilities• List Price: $392,500

Brian McDonald

Shop/Office For Lease3625 South 56th Street West, Unit C

• I-90 Frontage; Avail. June 2017• New Construction, 3,000 SF• Fenced Storage Yard, Overhead Door• ADA Bathroom, Paved Parking• Rent: $1,600/Month NNN

Drew Smith

Warehouse/Truck Wash For Sale2901 State Avenue

• Square Footage: 4,300 Main Floor 1,204 Second Floor; 5,504 Total SF

• Land Size: 17,552 SF• List Price $425,000

Matt Robertson

Industrial Building/Land For Lease252 Scott Street, Lockwood, MT

• Building: 7,200 SF, Lot: 63,502 SF• Fenced yard. Paved and graveled.• 3 Overhead Doors• Building Rent: $5,000/Month NNN

Matt Robertson

1,500 SF Shop Space For Lease707 Black Hawk Street, Unit 7

• 18' Ceiling Height w/ OH Door• ADA restrooms, Shop Heater• Security Fence, Gated, Cameras• Rent: $925/Mo. ($7.40 PSF) + Utilities

Matt Robertson

Distribution Facility Warehouse1510 Montana Avenue

• Building: 15,500 SF• Lot: 29,707 SF (MRL Land Lease)• Lease: $4,500/mo. + Util ($3.50/SF)• For Sale: $165,000

Robertson / Kanning

A

B



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Office/Warehouse For Lease300 Moore Lane

• 2,600 SF Office; 3,250 SF Warehouse 26,500 SF Lot; Fenced Yard

• Zoning: Controlled Industrial• Price: $8.00/PSF Plus Utilities

Smith / Samson

2,160 SF Warehouse Space5229 King Avenue West, Building H

• 2,160 SF Warehouse Space• 1,800 SF fenced yard• 1 unit:14' overhead door, man-door

entry, small office, and ADA restroom• $183,600 Per Unit

Brian McDonald

Industrial Warehouse For Lease2203 1st Avenue South

• 2 ADA restrooms, (1) 12' OH door, (4) 14' OH doors, Upstairs office 10' x 12'

• For Lease: $3,750/Month ($7.50 PSF) plus taxes, insurance and utilities

Rica Dombrovski

1,440 SF Storage Units For SaleBlue Creek RV & Boat & Mini Storage

• Units will be finished with sheet rock walls, standard lighting and electrical fixtures, RV service, 1/2 ADA bath in each unit, and overhead radiant heat.

• For Sale: $144,000

Brian McDonald

960 SF Storage Units5229 King Avenue West, Building J

• 12'x14' OH Doors, Common Restrooms• Steel Interior Finish• King Avenue West Business Park• Utilities: MDU and NWE• $65,000 Per Unit

Brian McDonald

IndustrialContinued...

Warehouse/Office For Sale/Lease2747 Enterprise Avenue, Suite 2

• Approx. 3,273 SF, 2 ADA Bathrooms• Reception Area, Office, Ample Parking• Warehouse/Storage Room• Lease Rate: $9 PSF plus Utilities

Brian McDonald

5,625 SF Warehouse For Lease2701 Gabel Road

• Fire suppression, Heated• Potential yard space available• Ceiling height:18' clear span• 10' x 14' overhead door• $3,750/Month gross

Todd Gainan

Protecting Your Property Rights

while making buying and selling real estate easy since 1973.

www.americantitlemt.com

Billings Downtown3302 4th Avenue N

Suite 100406.294.7877

Billings West End1001 S 24th St W

Suite 200406.248.7877

Nine office locations across MontanaBILLINGS • FORSYTH • HARDIN

LIVINGSTON • RED LODGE • ROUNDUP

Up to 8,400 SF Flex Space145 Regal Street

• 4 units of 2,100 SF each can be leased individually or combined

• $1,850/Mo. per unit. Includes CAM’s• Tenant pays utilities

Drew Smith

1st Quarter Sales and Leases1st Quarter Sales:

1st Quarter Leases:

2901 State Avenue ............................................................................................................................... 5,504 SF

3004, 3050, 3060 1st Avenue South .................................................................................................... 18,932 SF

5364 Midland Road ............................................................................................................................... 5,620 SF

1827 Old Hardin Road .............................................................................................................................. 972 SF

North Elevation Subd, B24, L1 - 3 Grand Avenue .................................................................................. 5,661 SF

Streeter Brothers Subd, B3, L2 (5400 Laurel Road) ............................................................................... 7,376 SF

14 S 27th Street (12-plex Apt & 1 retail space) ...................................................................................... 13,972 SF

4106-4127 2nd Avenue South. ........................................................................................................... 105,010 SF

707 Black Hawk Lane Unit 7 ................... 1,500 SF

917 3rd Avenue North ............................... 3,600 SF

1707 4th Avenue North ............................. 4,376 SF

4025 1st Avenue South ........................... 6,050 SF

5123 Jellison Road ...................................5,830 SF

111 N 30th Street, Suite 221 ........................318 SF



208 N 29th Street, Suites 236 & 237 ............270 SF

926 Main Street, Suite 25 ............................865 SF

2110 Overland Avenue Suite 117 .............1,280 SF

2401 Grand Avenue, Fourth Floor .............2,120 SF

2909 Millennium .......................................9,688 SF

3300 2nd Avenue North ..............................480 SF

105 N Broadway, Suite A ..........................3,137 SF

139 Moore Lane .......................................5,100 SF

141 Moore Lane .......................................5,000 SF

918 Grand Avenue ...................................2,685 SF

960 S 24th Street W, Suite L .........................493 SF

960 S 24th Street W, Suite M .....................1,149 SF

1500 Broadwater Avenue Suite C .............1,680 SF

2344 Grand Avenue .................................1,496 SF


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Trends and ForecastsInvestmentThe Billings investment market continues to remain strong with low supply and increased demand due to a lack of confidence in the financial markets. Return rates (CAP Rates) continue to see downward pressure do to market demand, while that pressure is slightly off-set by the most recent Fed increases in interest rates, we expect return rates to remain somewhat stable (6.5%-9.5%) depending on risk and tenant quality. Investor appetite for lower cap rates appear to be increasing due to lack of inventory in the investment market.

Apartment Complex For Sale905 South Pearson Ave., Glendive

• 3 Building Complex w/ 24 Units• Each has 8 (1) Bedroom Apartments• Landlord Pays Utilities. Fully Leased• Asking Price: $950,000

Drew Smith

Office/Warehouse Investment2146 Old Hardin Road

• 7,842 SF Building, Lot: 20,567• Public water, sewer stubbed in• Fully leased at $4,060/Mo. (NNN)• 3 year lease ends April, 2020• Price: $630,000

Brian McDonald

Gas Station For SaleI-90/Exit 514, Garryowen, MT

• Buildings: 18,300SF. Land: 7.66Ac.• Post Office, Gas Station, 3,900 SF

penthouse.• Price $2,950,000

Matt Robertson

Office Building Investment1601 Lewis Avenue For Sale

• 34,270 SF of Class A Space. Elevator.• 130 parking spaces. 93% occupied.• Signage. Professionally managed.• Central Billings. Asking $3,500,000.

Drew Smith

Lone Tree Apartments For Sale312 14th Street SE, Sidney, MT

• Eight efficiency units - ADA-360sf, standard-324sf. Total - 2,664sf

• Land: 20,566SF. Managed complex• $975,000, 11% CAP

Brian McDonald

For Sale Finlen Hotel Complex100 E Broadway Street, Butte, MT

• Historic Hotel Complex built in 1889• Invst. Packet for qualified buyers• Hotel, Motor Inn, Commercial Space,

Apartments, 136,063 total SF• Asking: $3,600,000

Ethan Kanning

Industrial Building with Offices200 South 24th Street For Sale

• 16,852 SF Builidng, 35,000 SF Lot• Offices, Shop Spaces, Warehouse

Area, Fully Leased • Asking $825,000

Brian McDonald

For Sale Western Inn Motel3311 2nd Avenue North

• 8.5% yearly revenue growth since '13• 39 total rooms with ADA options• Financials and ADR Analysis

available for qualified buyers• For Sale: $2,750,000

Robertson / Kanning

Mexican Restaurant For Sale304 North 19th Street

• All FF&E included• Beer and Wine License included• Off street parking• Lot 10,500 SF• Contact agent for price and details

Tyler Samson / Penny Korte

Investment Opportunity600, 602, & 618 South 25th Street

• 3 Building Complex on 42,000 SF• Each Building is 5,000 SF• Fully Leased (International Tetra Tech)• List Price $1,404,900

Ron Elkin

Investment Property For Sale131–139 Moore Lane

• Multi-tenant mix. Diverse income.• Buildings: 57,774 SF (Built '60-'74)• Land: 1.78 Ac. Roof/paint recent.• Price: $2,400,000

Drew Smith

Restaurant and Tavern For Sale217 Main Street, Circle, MT

• Built in 2013, liquor license included• All FF&E included• Strong financials/turn-key establishment• Price: $1,000,000

Tyler Samson / Breanna Seymour

Iconic Drive-Through Restaurant207 E Main St., Lewistown, MT

• Established 1952, great financials• Excellent location/frontage• Outdoor seating and patio• E. Main St, Traffic Count: 8,180 ADT• Contact agent for more details

Tyler Samson

Restaurant/Wine Bar For Sale116 Broadway Ave S., Red Lodge

• Site: 6,250 SF, Building: Apx. 9,824 SF• Includes: Full Beverage License

with Gaming, All Furniture, Fixtures, and Equipment, PRICE REDUCED: $1,900,000 NOW: $1,200,000

Samson / Robertson

Brunswick Restaurant & Bar304 Elliott Street, Hysham, MT

• Building: 5,600 SF; Land 29,000 SF• 5 vacant lots included in price• Full beverage license• Price includes all FF&E• For Sale: $299,000

Tyler Samson

Retail Building For Sale1904 3rd Street N.W., Great Falls

• Building is 2,600 SF• Net Lease Investment:

City Brew Coffee: 10 Year Lease Verizon: 6 Year Lease

• Price: $3,300,000 NOW $3,073,430

Brian McDonald



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Trends and Forecasts Activity Absorption

LandLand activity in the Billings area continues to be dominated by retail and food uses. The majority of new retail and food uses have centered around redevelopment within the city along Grand Avenue and Main Street. Office land development continues to lag as it did all throughout out 2016. This can still be attributed to the increased vacancy rates in the existing office building market. Industrial land use sales were solid compared to 2015, but we did not see an increase in interest. Apartment construction continues to be very active. Increased oil activity in the Bakken could possibly help Billings area land sales, but that may not be until 2018. We do not expect an increase in land prices for the first half of the year.

Residential Development LandMolt/Rimrock Road

• 21 Acres, Already Zoned R-15000• City Services Available in Molt Road• Legal: Tract 1 and 2, C/S #1368• Price: $895,000 (Under $1 PSF) Terms

Koelzer / McDonald

31,256 SF Lot For SaleLot B Johnson Lane, Lockwood

• 31,256 SF Lot located next to Verizon Wireless and ACE Hardware (2016)

• Utilities to Site• $315,000 (Approx. $10 PSF)

Matt Robertson

Broso Valley LotsBroso Valley Park Subdivision

• I-90 and Zoo Exit Location• All city services in• Controlled Industrial zoning• 27,987 SF–358,150 SF, $5–$12 PSF

Mike Walker

.38 Acres of Land For Sale3028–3034 Allison Lane

• 2 Lots: 16,754 SF, Well/Septic• Zoned: Controlled Industrial• Price Includes 14x66 Mobile Home• List Price: $125,000 ($7.46 PSF)

Rica Dombrovski

Industrial Land For SaleCoulson Road, Lockwood

• Apx. 26.75 Ac. Rail access possible• Outside Billings/Yellowstone Co

zoning restrictions. Near gravel pit• Priced at $2.50 PSF

Brian McDonald

Vacant Lot For SaleKimble Drive Lots

• Within the Flood Fringe, In County• Well, Ditch Rights (Grey Eagle Ditch Co.)• R-15000 Zoning; Lot Size: 3.05 Acres• List Price $330,000

Matt Robertson

8 Acres of Interstate Land4240 Neibauer Road

• Adjacent to future retail store• Across from Furniture Row• Possible railroad spur• Price: $1,376,500 or $3.95 PSF

Ken Kunkel

Development Land For Sale8125 Shepherd Rd., Shepherd, MT

• 4.426 Acres, Approved for 3 residential sites with DEQ approval for 3 wells and 3 septics

• List Price: $65,000

Brian McDonald

South Billings Town CenterPad locations from .78 – 2.20 Acres

• Anchors: Sam’s Club & Cabela’s• I-90/So. Blgs. Blvd Interchange• Pad pricing from $11/SF• Larger tracts from $8/SF

Brian McDonald

1.59 Acres For SaleLake Elmo & Pemberton

• Ideal for Office, Retail, or Multi-Family• Would allow for 7 4-Plexes, 5

6-Plexes, or 4 8-Plexes• List Price: $197,500 or $2.85 PSF

Ken Kunkel

Retail/Office Development Land940 South 29th Street West

• 3,000 to over 30,000 SF possible• Office Co-tenants HDR Engineering,

Waddell & Reed Financial Services• Zoned Controlled Industrial• Price: $6.50/SF

Drew Smith

123 Acre Site For SaleHardin, MT Industrial Park

• 123 total acres; BNSF Rail on-site• Located in Tax Increment Fund

District with possible city subsidies for utility setup

• Price: $1,750,000

Robertson / Kanning

Development Land3352 Gabel Road

• 23,870 SF Lot• Zoned Controlled Industrial• Excellent frontage to Gabel Road• Price: $225,000

Matt Robertson

Sales

2.67 Acre Development SiteSouth 27th Street West

• 116,610 SF Development Lot• Zoned: Controlled Industrial• Cenex Park Subd., Tax ID: A26132• List Price: $670,500 ($5.75/SF)

Ron Elkin

2.13 Acres & 2.20 AcresBench Blvd. & Yellowstone River Rd.

• Lot A: 2.53 Acres—$8.50 PSF• Lot B: 1.80 Acres—$4.75 PSF• Zoned Community Commercial• Listing Agent is Partial Owner

Todd Gainan

1.67 Acres For Sale233 East Airport Road

• 1.67 Acres,1911 Home, 5 Garage Stalls, Out Building

• Zoning: Highway Commercial• 1 Share of Water Rights for Irrigation• For Sale: $390,000

Todd Gainan


.13 Acres of Land For Sale3 Grand Avenue

• 5,661 SF of land • Grand Ave right at Division St.• Traffic Count: 19,500 cars/day 2015• Zoned Neighborhood Commercial• Asking $35,000

Drew Smith

PAGE|13

2.61 Acres For SaleShiloh Road & Pierce Parkway

• Zoned: Entryway Light Industrial• City services to site• Area Businesses: Pierce RV, Office

360, Underriner Motors• Price: $900,000

Mike Walker

2.55 Acres For SaleRF Development Subdivision

• Right at I-90 Zoo Drive Interchange• Zoned Entryway Light Industrial• Build to Suit possible• Asking $525,000

Drew Smith

6.2 Acres For SaleRF Development Subdivision

• Right at I-90 Zoo Drive Interchange• Zoned Entryway Light Industrial• Build to Suit possible• Asking $4/SF

Drew Smith

.51 Acre West End Lot2434 Grand Avenue

• Approximately 22,232 SF• Zoned Community Commercial• Average of 14,730 Cars per Day• Price: $389,000

Brian McDonald

38,065 SF Corner Pad2011 East Custer Avenue Helena, MT

• Located at new I-15 Interchange• Skyway Regional Shopping Center• Build to Suit / Lease / Sale• Price: 950,000

Mike Walker

3.27 Acres For SaleRosebud Lane with I-90 Frontage

• I-90/Lockwood interchange• Zoned Highway Commercial• Metra Exit 452. Great access• Priced at $750,000.

Koelzer / McDonald

3 Lots Available62nd Street West & Rimrock Road

• 28.436 Acres, 3 separate parcels• Perfect for development• High water table, Zoning: R-15000• List Price: $600,000

Matt Robertson


Development Land For Sale900 South Sargent Ave., Glendive

• 1.1 acres ready for development• Development land is 12 city lots• Zoned for multi-family (R-3)• Asking Price: $195,000

Drew Smith

Unique Building Lot2400 Block of Overland & Enterprise

• Next to Jake’s West End location• 1.538 Acres, between Enterprise &

Overland with sewer and water in each street

• Price: $519,000 ($7.75 PSF)

Ken Kunkel

.93 Acres Retail Land1023 Main Street

• Off sites completed• City Services• Zoned Highway Commercial• For Sale: $688,585

Brian McDonald

Parcel Adjacent to Cellular PlusBelgrade, Montana

• Approx. 38,000 SF parcel• Good visibility to Jackrabbit Lane

(16,430 ADT)• Price: $230,000

Mike Walker

Lots for SaleCanyon Creek Retail Center

• 1.001 – 12.34 Acres• All city services in• Ideal for retail, food, service providers• Buildings sites ready for construction

Mike Walker

Retail Lot For Sale991 South 29th Street West

• 4.75 Usable Acres• Tax code A29178• Zoning: Controlled Industrial• Price: $1,500,000

Todd Gainan

20,543 Condo Lot606 North 7th Avenue, Bozeman

• Apx. 20,543 SF Condo Lot Available• Zoning: B-2, Ideal for Retail/Office• Lot adjacent to New Cellular Plus• Price: $285,000

Mike Walker

3 Acres For Lease744 Parkway Lane

• 2,100 SF modular office• 16 paved parking spaces• $4,000/mo. + utilities, maintenance

and snow removal

Mike Walker



PAGE|14

Finlen Hotel ComplexButte, Montana 59701

Property Information• Historic French 2nd Empire Building

and Hotel Complex built in 1889• Extremely well maintained with

significant capital improvements since current owner acquisition in 1979

• Strong Financials—Investor Packet available to qualified buyers

• 136,063 total SF: 24 Room Hotel, 32 Room Motor Inn, 12 Commercial Spaces, 39 Apartment Units

• Asking: $3,600,000

Ethan Kanning

Lots for SaleCanyon Creek Retail Center

Property Information• 1.001 – 12.34 Acres• I-90 and Zoo Exit Location• All city services in• Ideal for major retail, food and service

providers• Buildings sites ready for construction

Mike Walker

Trends and ForecastsFeatured Properties

Retail Space For Lease100 North 24th Street West

Property Information• 40,000 SF High Profile Retail Location• Former Sports Authority Space• Loading Dock• Heavy Electrical• 24th St. W. Location Close to High

School• Signaled Entry Directly to Building• Area Tenants: Hobby Lobby, Chuck E.

Cheese, One Source Lighting• For Lease: $8.00 NNN ($2.25/SF)

Mike Walker

Office/Showroom/Warehouse For Lease1305 South 27th Street West

Property Information• Building total – approx. 8,000 SF total• Office/Restroom - approx. 571 SF• Showroom/City Desk - approx. 1,580 SF• Warehouse - approx. 6,000 SF• 18" sidewall• (4) 16' Overhead Doors• Approx. 5,000 SF outside, fenced

storage• Rent: $6,550 per month, NNN

Ken Kunkel

Retail Building For Sale1508 & 1516 Main Street

Property Information• Former Valet Today Cleaners• Corner Location with High Visibility• Building Size: 2,155 SF (1998)• Land Size: 29,839 SF (Two Parcels)• Legal: Lot 6, Less 375 SF and Lot 7,

Block 2, Arrowhead Subdivision• Zoning: Highway Commercial• Main Street Traffic Count: 26,910 ADT• Price: $750,000

Mike Walker

Office Building For Sale or Lease7250 Entryway Drive

Property Information• 4,264 SF Class A Office Building• Open Reception area• 2 ADA restrooms• Kitchenette• Training Room, Conference Room• 4 corner offices• 8 additional interior offices• 25 parking spaces• Asking $15.75 PSF NNN or $675,000

Rica Dombrovski

Shop/Store/Warehouse5364 Midland Road

Property Information• Building: Approx. 5,600 SF Office/WH• Land: Approximately 1 acre• Zoned Highway Commercial• Near King Avenue and South Billings

Boulevard, Interstate Interchanges• Near Kenworth, Tri-State Equipment,

Cummins, and other equipment dealers• For Sale: $680,000• For Lease: $4,700 NNN

Brian McDonald

West End Class A Office Space100 Brookshire Blvd, Suite 7

Property Information• New Construction; Now Available to

start tenant improvements• $30 PSF tenant imprvmnt. allowance• Area: 4,720 SF; Built: 2017• Lease Rate: $19.50 PSF, NNN

Drew Smith


PAGE|15



Property Information• New Office Space: 1,231 Square Feet• Multiple Offices• Reception• Two Restrooms• Ample Parking• Two Private Entrances• For Lease: $1,435 per month + CAM

and Utilities

Matt Robertson

1.67 Acres For Sale233 East Airport Road

Property Information• Zoning: Highway Commercial• House 4 Bedroom 2 Bath: 2,991 SF• Detached 3 Stall Garage: 720 SF• Outbuilding: 1,840 SF—2 Stall Garage• Alkali Creek runs through property• 1 Share of BBWA Water Rights for Irrigation• Traffic Counts: E. Airport Rd: 11,830

Main Str.: 42,020• For Sale: $390,000

Todd Gainan

Industrial Building/Land For Lease252 Scott Street, Lockwood, MT

Property Information• Building: 7,200 SF• Lot: 63,502 SF• Year Built: 2003• Fenced yard. Paved and graveled.• 3 Overhead Doors• Interstate Visibility• Purchase Option Available• Rent: PRICE REDUCTION

from $6,875 to $5,000/Month NNN

Matt Robertson

Retail Space in Montana Sapphire4011 Montana Sapphire Drive

Property Information• Retail Space in Montana Sapphire• 1,600 – 3,200 SF• Co-Tenant with Jimmy Johns• Montana Sapphire Drive• Vanilla Shell Delivery• $21 PSF, NNN

Drew Smith

Restaurant and Tavern For Sale217 Main Street, Circle, MT

Property Information• Built in 2013, liquor license included• All FF&E included• Strong financials/turn-key establishment• Price: $1,000,000

Tyler Samson & Breanna

Seymour

Former Truck Service, Sales, Parts Facility and Vacant Lots1110 3rd Avenue North

Property Information• Tax Parcel Number: 1. A-00512 Truck Service Facility (28,941

SF) on ½ block 2. A-00513 ¼ block adjacent parking lot Asking Price: $925,000

• Tax Parcel Number: 3. A-09349 ½ vacant block (41,112 SF)

with one small bldg. 4. A-09344 Vacant 14,332 SF Lot 5. A-09347 5,000 SF metal shop building 6. A-09348 Small steel Quonset building Asking Price: $425,000

• Main Building (1) NEW membrane roof, 2015

• Nine drive-thru bays Fire Suppression

The entire property is within the Billings Industrial Revitalization District (BIRD) in E. Downtown and Redevelopment Tax Funds may be available. The zoning is East Billings Industrial Sanctuary within the E. Billings Urban Renewal District.

Ken Kunkel

4th Floor Office Space For Lease115 North Broadway

Property Information• Multiple Prime Downtown Office Suites

Available on North Broadway• Located on the 4th floor of the Historic

Montana Power Building• Common Area Restrooms• Full Service Lease, excluding janitorial• Suite 402: 915 SF $1,150/month• Suite 406: 240 SF $345/month• Suite 410: 2,200 SF $2,600/month

Robertson / Kanning

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3

4

56

2016 inReview

Results, built on local market leadership:

naibusinessproperties.com +1 406 256 5000

2016 Transaction Volume (Lease/Sale)

$76,000,000

2015 Transaction Volume (Lease/Sale)

$57,000,000

Increase of 32% over 2015

200 Agent Transactions in 2016

Leased in 2016:

96,000 SF Office Space

175,000 SF Industrial Space

80,000 SF Retail Space

Market Report - NAI Business Properties · Office Space For Sale/Lease 1643 24th Street West, Suite...

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