What is the asking price for 5647 Chicago Circle?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at 5647 Chicago Circle?

This property is listed as Multi-Tenant.

What is the total size of 5647 Chicago Circle?

The property has a total square footage of 33,500 SF.

When was this property built?

5647 Chicago Circle was built in 2009.

How many parking spaces are available at 5647 Chicago Circle?

The property features 40 parking spaces, resulting in a parking ratio of 1.19 / 1,000 SF.

5647 chicago circle, Billings, MT 59105

For Sale $1,750,000
Property Type Storage
Property Size 33,500 SF
Lot Size 3.5 Acre
Cap Rate % 7.88
Parking Spaces Avail. 40
Parking Ratio 1.19 / 1,000 SF
Property Tenancy Multi-Tenant
Building Class C
Year Built 2009
Date Updated Oct 16, 2025

Description

The property features approximately 33,300 rentable square feet of enclosed storage and 10,000 square feet of outdoor parking, currently configured for vehicle and trailer storage. Unit sizes range from compact 25 SF lockers to expansive 1,000 SF bays, offering a wide appeal across customer segments. The facility benefits from all drive-up access, minimal staffing, and a clean, functional layout that could easily support automation. With economic occupancy at 72% and strong in-place rental rates aligned with market comparables, this offering presents a compelling opportunity to drive revenue growth through improved occupancy and operational efficiencies—making it an attractive investment for experienced operators or those seeking entry into the Montana market.

Highlights

Five Corners Storage is an exceptional self-storage investment located in Billings, Montana's fast-growing Heights area, a region characterized by robust residential expansion. This facility is strategically positioned on Chicago Circle near key commuter routes, ensuring convenient access for both residential and commercial customers. The surrounding demographics reflect a strong median household income approaching $100,000 and high homeownership rates—an ideal backdrop for steady storage demand.
Strong Value-Add Opportunity – The facility offers immediate upside through increased marketing, online presence, and advertising efforts to boost occupancy and overall revenue.
Efficient Operations with Upside – Achieving strong average rents of $6.84 without professional management, with potential to further improve margins by reducing payroll through remote or third-party management.
Strategic Location – Located in growing northeast Billings near residential neighborhoods, new housing developments, and major transportation routes.
Well-Equipped Facility – Includes security cameras, an electronic gate, and an on-site office, enhancing tenant appeal and supporting efficient operations.