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415 N 16th St 15,800 SF Industrial Building Billings, MT 59101 $1,500,000 ($94.94/SF) 4% Cap Rate
Investment Highlights
- Billings, Montana, is a prime location for distribution, offering excellent access to major markets and transportation networks.
- Key Transportation Routes: Positioned at the intersection of I-90 and I-94, with rail connections via BNSF and air cargo support.
- Cost-Effective: Lower real estate and operating costs compared to larger cities.
- Central Location: Perfect for serving Montana, Wyoming, North Dakota, South Dakota, and nearby regions.
- Market Reach: Within a one-day truck drive to cities like Denver, Salt Lake City, and Minneapolis, plus easy access to Canada.
Executive Summary
Premium 15,800 SQ FT Warehouse
Key Features:
• Size: 15,800 sq ft clear-span design with 25-ft sidewalls for maximum functionality.
• Climate Controlled: Fully heated and insulated, featuring radiant heaters and overhead shop heaters.
• Office Space: Approximately 800 sq ft of modern office space with air conditioning and heating system.
• Fire Safety: Equipped with fire sprinkler and extinguisher systems for peace of mind.
Loading & Access:
• (2) 8x10 High Dock Overhead Doors.
• (1) 14x12 Overhead Door.
• (2) Brand-new 8x10 overhead garage doors for easy access.
Additional Amenities:
• Interior vinyl wrap insulation for energy efficiency.
• Two sets of bathrooms for convenience.
Key Features:
• Size: 15,800 sq ft clear-span design with 25-ft sidewalls for maximum functionality.
• Climate Controlled: Fully heated and insulated, featuring radiant heaters and overhead shop heaters.
• Office Space: Approximately 800 sq ft of modern office space with air conditioning and heating system.
• Fire Safety: Equipped with fire sprinkler and extinguisher systems for peace of mind.
Loading & Access:
• (2) 8x10 High Dock Overhead Doors.
• (1) 14x12 Overhead Door.
• (2) Brand-new 8x10 overhead garage doors for easy access.
Additional Amenities:
• Interior vinyl wrap insulation for energy efficiency.
• Two sets of bathrooms for convenience.
Property Facts Under Contract
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tell Works
- -
- 15,800 SF
- $4.65
- Full Service
- May 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tell Works | - | 15,800 SF | $4.65 | Full Service | May 2026 |
1 1
Property Taxes
| Parcel Number | 03-1033-33-1-04-04-0000 | Improvements Assessment | $534,697 |
| Land Assessment | $183,803 | Total Assessment | $718,500 |
Property Taxes
Parcel Number
03-1033-33-1-04-04-0000
Land Assessment
$183,803
Improvements Assessment
$534,697
Total Assessment
$718,500
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415 N 16th St
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