Billings, MT Commercial Real Estate for Lease and Sale

Explore 186 listings of Billings commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Plaza Main Condominium

926 Main Street, Billings Heights, Billings, MT
Property

Office

31,000 SF
Availability

1 Space

1,200 SF
Year Built

1984
For Lease

$18.00/SF/YR
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5056 & 5110 Jellison Rd.

5056 Jellison Rd, Blue Creek - Duck Creek, Billings, MT
Property

Industrial

17,988 SF
For Sale

$1,595,000
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1601 Lewis

1601 Lewis, East Central Billings, Billings, MT
Property

Office

36,348 SF
Availability

3 Spaces

6,258 SF
Year Built

1982
For Lease

$10.00 - $10.75/SF/YR
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Minnesota Ave Historic Property

2712 Minnesota Ave, South Side Billings, Billings, MT
Property

Retail

12,231 SF
Year Built

1894
For Sale

$295,000
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2518 6th Ave N

2518 6th Ave N, North Park, Billings, MT
Property

VacantLand
For Sale

$395,000
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2048 Overland Ave

2048 Overland Ave, West Billings, Billings, MT
Property

Office

12,387 SF
Availability

1 Space

12,387 SF
Year Built

1984
For Lease

$1,188.00/MO
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LK Jones Professional Building

502 Wicks Lane, Billings Heights, Billings, MT
Property

Office

14,370 SF
Availability

4 Spaces

6,105 SF
Year Built

2024
For Lease

$16.00 - $26.00/SF/YR
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Shop World

844 E Toy Storage Road, Tanglewood Lake Estates, Billings, MT
Property

Industrial

1,152 SF
Availability

1 Space

1,152 SF
Year Built

2023
For Lease

$795.00/MO
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Off Main Square

520 Wicks Lane, Billings Heights, Billings, MT
Property

Retail

21,261 SF
Availability

3 Spaces

4,636 SF
Year Built

1983
For Lease

$8.00/SF/YR
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9442 Sanctuary Estates Dr #7

9442 Sanctuary Estates Dr #7, Conrad Park, Billings, MT
Property

Industrial

1,562 SF
For Sale

$218,750
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Bitterroot Dr & Wicks Ln

Bitterroot Dr & Wicks Ln, Billings Heights, Billings, MT
Property

VacantLand
For Sale

$285,000
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West Park Promenade

1603 Grand, North Central Billings, Billings, MT
Property

Retail

40,144 SF
Availability

1 Space

1,370 SF
Year Built

1961
For Lease

$16.50/SF/YR
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2010 Grand Ave

2010 Grand Ave, East Central Billings, Billings, MT
Property

Retail

9,048 SF
Availability

1 Space

1,300 SF
Year Built

1983
For Lease

$2,049.00/MO
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HDR Buildings

970 S 29th St W, West Billings, Billings, MT
Property

Office

42,348 SF
Year Built

2007
For Sale

$4,636,000
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City Brew Coffee

1325 5th St W, North Elevation, Billings, MT
Property

Retail

865 SF
Year Built

2022
For Sale

$1,885,000
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1.00 Acres 4550 King Avenue East Lot 6A-1

1.00 Acres 4550 King Avenue East Lot 6A-1, Southwest Corridor, Billings, MT
Property

VacantLand
For Sale

$784,080
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S 48th and King Ave West

S 48th and King Ave West , West Billings, Billings, MT
Property

Retail
For Sale

$4,427,000
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1611 Alderson Ave

1611 Alderson Ave, East Central Billings, Billings, MT
Property

Office

1,100 SF
Availability

1 Space

1,100 SF
Year Built

1978
For Lease

$1,850.00/MO
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3950 S. Frontage Road

3950 S. Frontage Road, Southwest Corridor, Billings, MT
Property

VacantLand
For Sale

$1,945,150
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1002 10th St W

1002 10th St W, East Central Billings, Billings, MT
Property

Retail

25,837 SF
Availability

1 Space

8,000 SF
Year Built

1977
For Lease

$6,335.00/MO
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Warehouse & Industrial Land For Sale or Build To Suit

NHN Elysian Road, Blue Creek - Duck Creek, Billings, MT
Property

VacantLand
For Sale

$4,692,937
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1511 6th Ave N

1511 6th Ave N, North Park, Billings, MT
Property

Office

3,864 SF
Year Built

2004
For Sale

$1,000,000
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9442 Sanctuary Estates Dr #4

9442 Sanctuary Estates Dr #4, Conrad Park, Billings, MT
Property

Industrial

3,125 SF
For Sale

$441,280
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207 N 22nd Street

207 N 22nd Street, North Park, Billings, MT
Property

Office

11,094 SF
Availability

3 Spaces

4,838 SF
Year Built

1950
For Lease

$800.00 - $1,800.00/MO
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1 South Broadway

1 South Broadway, South Side Billings, Billings, MT
Property

Office

15,360 SF
Availability

1 Space

1,440 SF
Year Built

1917
For Lease

$14.50/SF/YR
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4151 1st Ave S

4151 1st Ave S, South Side Billings, Billings, MT
Property

Industrial

49,112 SF
Year Built

1959
For Sale

$4,500,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Billings commercial real estate market incorporates 998,791 square feet of office space across 61 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Billings commercial real estate market includes 355,806 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Billings market, there is a total of 767,971 square feet of industrial property.

The listing inventory in Billings incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Billings is represented by Industrial space, which accounts for 528,878 square feet of available listings. Office space available in Billings adds up to 378,376 square feet.

Meanwhile, most of the listings of commercial property for sale in Billings are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Billings is $12.49 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Billings can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Billings, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Billings is in the North Park neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the North Park area.

Meanwhile, retail space opportunities are most abundant in the East Central Billings submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in South Side Billings.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $26 per square foot. In particular, the property type commanding the highest lease rates in Billings was Retail space.

The average size of a commercial property in Billings depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Billings, the average size of an office property is 26,284 square feet.
Retail properties here incorporate an average of 20,930 square feet.
Industrial space in Billings is in buildings that are, on average 18,286 square feet in size.

Billings, MT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Billings currently add up to 1,057,933 square feet. The market offers 50 active office listing(s), which amount to 378,376 square feet and account for 49% of commercial spaces on the market. Local retail availability includes 96,684 square feet across 18 retail space(s). Industrial space for rent opportunities in Billings amount to 528,878 square feet across a total of 30 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	50	378,376
Retail	18	96,684
Industrial	30	528,878
Other	4	53,995

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Billings, MT. Currently, there is 1,184,748 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 8 retail investment opportunity listing(s) , and 30 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	9	108,178
Retail	8	172,921
Industrial	30	346,573
Other	55	557,076

Billings, MT Commercial Real Estate for Lease and Sale

Plaza Main Condominium

5056 & 5110 Jellison Rd.

1601 Lewis

Minnesota Ave Historic Property

2518 6th Ave N

2048 Overland Ave

LK Jones Professional Building

Shop World

Off Main Square

9442 Sanctuary Estates Dr #7

Bitterroot Dr & Wicks Ln

West Park Promenade

2010 Grand Ave

HDR Buildings

City Brew Coffee

1.00 Acres 4550 King Avenue East Lot 6A-1

S 48th and King Ave West

1611 Alderson Ave

3950 S. Frontage Road

1002 10th St W

Warehouse & Industrial Land For Sale or Build To Suit

1511 6th Ave N

9442 Sanctuary Estates Dr #4

207 N 22nd Street

1 South Broadway

4151 1st Ave S

Frequently Asked Questions

Billings, MT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Billings, MT Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Billings, MT?

What factors affect the price of commercial real estate in Billings, MT?

What is the average rent for commercial space in Billings, MT?

What are the best areas for commercial real estate in Billings, MT?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Billings, MT?

Billings, MT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us