2,208 Newly Renovated Office Building for Sale

2331 Lewis Ave Billings, MT 59102

2331 Lewis Ave, Billings, MT, 59102
2331 Lewis Ave, Billings, MT, 59102 2331 Lewis Ave, Billings, MT, 59102 2331 Lewis Ave, Billings, MT, 59102 2331 Lewis Ave, Billings, MT, 59102 2331 Lewis Ave, Billings, MT, 59102 2331 Lewis Ave, Billings, MT, 59102
Property Type:
Other Office
Cap Rate:
Last Verified:
Aug 18, 2023

2331 Lewis Ave, Billings, MT 2,208 SF Newly Renovated Office Building For Sale $575,000 2 Separate Units – 1,550 SF Office and 650 SF Office 1,550 SF Office Includes 4 offices, 1 ADA Bathroom, 1 Non-ADA Bathroom, Large Reception, Very Large Conference Room, Kitchenette and Printer/Storage Area 650 SF Office Includes 2 offices, Reception Area, ADA Bathroom, Kitchenette and Large Storage Room Zoned Neighborhood Office Ideal West End Location Abundance of Parking NOTE: Pictures are Progress Pictures as Office Building is Still Under Construction Building Upgrades Include: New Siding – Natural Wood and Corrugated Metal New Windows New Sidewalk Including ADA Ramp into the Building New Gutters (to be installed once siding is done) All New Plumbing All New Electrical New HVAC All New Paint All New LVP Flooring All New Interior Doors 36” Wide to Meet ADA Code All New Bathrooms 2 New Kitchenettes All New LED Lighting All New Low Voltage Cabling Run Throughout for Phone/Internet Wall Jacks Mature Trees Have All Been Trimmed or Removed as Needed New Graveled Parking Area in the Rear to Create an Abundance of Parking Scheduled 2331 Lewis is an office building redevelopment being done by Kris Schaffer of Dreamcatcher Homes. Kris hates the word “flipper” because “flipping” a property implies that someone is doing the bare minimum to a property to sell it at a higher price whereas Kris renovates properties as if she is personally going to keep them for a lifetime. On 2331 Lewis, Kris has stripped this property down to the studs and has completely renovated the entire property inside and out with the only original parts being the foundation, framing and a couple year old roof -- and mature trees/landscaping of course. 2331 Lewis Ave is conveniently broken up into 2 separate units if you wanted to use one for your offices and rent the other one for additional income, but they could be combined by installing a door to connect the 2 units from the inside. The western unit is approximately 1,550 SF and consists of 4 offices, 1 ADA bathroom, 1 non-ADA bathroom, large reception, very large conference room (which could be split into a 5th office + normal sized conference room), kitchenette and printer/storage area. The eastern unit is approximately 650 SF and consists of 2 offices, reception area, ADA bathroom, kitchenette and large storage room.

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Map of 2331 Lewis Ave, Billings, MT, 59102

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.