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1611 Alderson Ave
Billings, MT 59102
Office Property For Sale
EXECUTIVE SUMMARY
1611 & 1613 Alderson Ave, Billings, MT
2 Tenant Office Building (100% Leased)
For Sale $399,900
2,785 SF Building
7,000 SF Lot
Zoned CMU 1
7.9% Cap Rate
1611 – Reception, 3 Offices, Conference Room, Bathroom & Storage Room
1613 – Reception, 5 Offices, Conference Room, Bathroom, Storage Room & Break Room
1611 & 1613 Alderson Ave is a fully leased office building in midtown Billings, MT now available for sale. The property has seen several recent updates and clearly reflects strong pride of ownership. This asset is ideal for both new and seasoned investors, as the smaller, bite-sized office suites consistently lease quickly. Nearby businesses include City Brew and Santiago’s Mexican, offering convenient food and drink options for tenants.
2 Tenant Office Building (100% Leased)
For Sale $399,900
2,785 SF Building
7,000 SF Lot
Zoned CMU 1
7.9% Cap Rate
1611 – Reception, 3 Offices, Conference Room, Bathroom & Storage Room
1613 – Reception, 5 Offices, Conference Room, Bathroom, Storage Room & Break Room
1611 & 1613 Alderson Ave is a fully leased office building in midtown Billings, MT now available for sale. The property has seen several recent updates and clearly reflects strong pride of ownership. This asset is ideal for both new and seasoned investors, as the smaller, bite-sized office suites consistently lease quickly. Nearby businesses include City Brew and Santiago’s Mexican, offering convenient food and drink options for tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
2,780 SF
Building Class
B
Year Built
1978
Price
$399,900
Price Per SF
$143.85
Cap Rate
7.90%
NOI
$31,592
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,780 SF
Building FAR
0.40
Lot Size
0.16 AC
Zoning
CMU1-Corridor Mixed Use 1
AMENITIES
- Reception
- Storage Space
PROPERTY TAXES
| Parcel Number | 03-0927-06-1-28-09-0000 | Improvements Assessment | $253,306 |
| Land Assessment | $79,294 | Total Assessment | $332,600 |
PROPERTY TAXES
Parcel Number
03-0927-06-1-28-09-0000
Land Assessment
$79,294
Improvements Assessment
$253,306
Total Assessment
$332,600
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