7,000 SF Shop/Warehouse Building for Sale on 4th Ave N and N 15th St

1515 4th Ave N & 402 N 15th St Billings, MT 59101

1515 4th Ave N & 402 N 15th St, Billings, MT, 59101
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FOR SALE
Property Type:
Warehouse
Amount:
$600,000
Cap Rate:
0.00%
Last Verified:
Aug 31, 2023

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*1515 4th Ave N & 402 N 15th St *For Sale $600,000 *7,000 SF Shop/Warehouse Building *21,000 SF of Land *4 qty 14 ft Overhead Doors *2 qty Car Lifts *Small Office *Bathroom *Built in 1980 *Zoned East Billings Central Works *Large Pylon Sign *Great Retail Exposure and High Traffic Counts NOTE: Building has a demising wall in the middle that would potentially allow 2 separate businesses to occupy the building. 1515 4th Ave N & 402 N 15th St was previously the home of Dimmick’s Diesel & Automotive Repair and perfectly suited for any business that that needs a location to repair or service their vehicles. This property is located in the Billings BIRD district which has grants and financial incentives available for properties owners looking to upgrade their facility. At $86 PSF, this property is priced at ½ the cost of new construction while also enjoying a very centralized location to service all areas of Billings.

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Map of 1515 4th Ave N & 402 N 15th St, Billings, MT, 59101

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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.