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    2225 Main Street

    Billings, MT 59105
    • $689,500
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 321605
    New On Site 4 Days Ago
    UPDATED: 20 min ago
    $689,500
    • 0
      BEDS
    • 1.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,583
      SQFT
    • $91
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Multiple revenue sources available with this 1.5 acre property on Main Street to include: a 12-unit motel currently being uses as offices, 1183 square foot, 2 bedroom, 1 bath house, and a 1200 sq ft shop with two sheds and one work shop building. Unit 7-8 has been combined as well as 10-12, but could easily be turned into individual units again. Structures have new roofs in 2020. With a slight remodel, rents could be raised substantially. Property was originally the Hadley Motel in 1955. Current cap rate is 9%. Also, 186 sq ft of Road Frontage.

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    © 2021 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 7/24/2021.
    www.searchbillingsrealestate.com/homes/119464692
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    2225 Main Street Billings, MT 59105

    • Price: $689,500
    • Status: Active
    • Updated: 20 min ago
    • MLS #: 321605
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.52
    Acres
    7,583
    SQFT
    $91
    $/SQFT
    1947
    Built
    Neighborhood:
    Holling Ranch
    County:
    Yellowstone
    Area:
    (01) Billings Heights (West Of Main)
    Property Description
    Multiple revenue sources available with this 1.5 acre property on Main Street to include: a 12-unit motel currently being uses as offices, 1183 square foot, 2 bedroom, 1 bath house, and a 1200 sq ft shop with two sheds and one work shop building. Unit 7-8 has been combined as well as 10-12, but could easily be turned into individual units again. Structures have new roofs in 2020. With a slight remodel, rents could be raised substantially. Property was originally the Hadley Motel in 1955. Current cap rate is 9%. Also, 186 sq ft of Road Frontage.
    Exterior Features

    Alley YN 0 Building Type HouseOfficeShop Built Info Existing Construction Siding Mixes Land Sq Ft 66211 Loading None Number Of Parking Spaces 24 Parking Desc BlacktopDirt Road Frontage 186 Road Surface Asphalt Roof AsphaltMetal Sidewall Height 12

    Interior Features

    Ceiling Height 8 Heating Gas Forced Air Number Of Levels 1 Office Sq Ft 5200 Retail Sq Ft 1183 Shop Or Warehouse Sq Ft 1200

    Property Features

    Annual SID 0 Annual Utility Costs 6408 Cooling None Deposit 2500 Disclosure On File Elec Meters 3 Finance Type CashNew Loan Franchise YN No Gas Meters 1 Gross Annual Income 78600 Insurance 5808 Lease Type Other Leased YN No Misc Equipment Sign Remains Net Income 50868 Operating Expenses 4248 Possession At Closing Present Use OfficeResidenceShop Property Sub Type Other Rail YN No Restrictions See Deed Sales Includes No Sewer City Total Taxes 9089 Type Of Business Rental income Water PublicWell Year Establish 1947 Zone Heavy Commercial

    Listing information © 2021 Billings Association of Realtors MLS
    Listing courtesy of Stephanie Krueger of Krueger & Company Real Estate Brokerage
    © 2021 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 7/24/2021.
     
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