Improved Mixed-Use Land for Sale in Billings, Montana
410 Bernard, Billings, MT 59101
Seller financing available! Great industrial investment opportunity that's had a long term tenant and a new 5 year lease just put in place offering an 8% CAP rate. Rent escalators in 2026 and 2028, which will be an average of the 2 years CPI adjustment. Situated in a prime W Billings location with good visibility and access, the 3+ acre property includes a paved and fenced storage yard and ample office parking. New 5 year lease through 11/30/2029 at $198k NOI, NN. Approx 5600 sq ft of office & 29,200 sq ft of shop, 9 OH doors, wash bay, 3 phase power, large open reception with cubicles, 9 private offices (many oversized with 2 desks) conference room, break room, locker room, 2 bathrooms (1 newly remodeled ADA bathroom). Over $300k in recent updates, incl roof, asphalt, furnaces, bathroom and all new LED lighting, which takes care of the majority of owners responsibilities in the lease.
Location
- Street address
- 410 Bernard
- County
- Yellowstone County
- Community
- Burlington Northern
- Elevation
- 3,163 feet
Property details
- Acreage
- 3.17 acres
- MLS #
- BAR 351162
- Posted
Property taxes
- Recent
- $24,168 - BURLINGTON NORTHERN SUBD 7TH, S08, T01 S, R26 E, BLOCK 3, Lot 1, I-00076A ALSO LOCATED HERE
Parcels
- A27588
Legal description
BURLINGTON NORTHERN SUBD 7TH, S08, T01 S, R26 E, BLOCK 3, Lot 1, I-00076A ALSO LOCATED HERE
Details and features
Listing
- Type
- Residential
- Subtype
- Office
Structure
- Stories
- 1
- Water
- Public
- Sewer
- Public Sewer
- Heating
- Natural Gas
- Cooling
- Central Air
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Connected | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 6, 2025 | Under contract | $2,500,000 | — | BAR |
| June 4, 2025 | Back on market | $2,500,000 | — | BAR |
| Apr 23, 2025 | Under contract | $2,500,000 | — | BAR |
| Apr 1, 2025 | Price drop | $2,500,000 | $300,000 -10.7% | BAR |
| Mar 13, 2025 | New listing | $2,800,000 | — | BAR |