State of Montana -- Office of Public Assistance

111 North 31st Street Billings, MT 59101

111 North 31st Street, Billings, MT, 59101
111 North 31st Street, Billings, MT, 59101
Property Type:
Multi Tenant Office
Last Verified:
Oct 28, 2020


  • -State of Montana Lease through June 30, 2028
  • -Current Gross Rents $183, 861 annually, bumps by approx $14,466 per year in 2023
  • -2019 NOI $99,669
  • -Year one 7.0% Cap Rate


Offered for sale is a downtown office building primarily leased by the State of Montana's Office of Public Assistance. The OPA completed approximately $250,000 in remodeling in 2016 when they signed a new 12 year lease. This property has been the home of the OPA for in excess of 25 years.

Downtown Billings at the intersection of 31st Street and 1st Avenue North. Located in an OPPORTUNITY ZONE.

Year Built: 1947
Building Size: 20922.0sq ft
Building Class: B
Lot Size: 0.48 acres

Map of 111 North 31st Street, Billings, MT, 59101

Presented by:

Request additional information

Send a message
Share this Listing

Not Interested In This Property? Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.