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Value-Add Downtown Landmark Office 401 N 28th St 92,112 SF Vacant Office Building Online Auction Sale Billings, MT 59101
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Investment Highlights
- Prime Downtown Billings, Montana, location surrounded by a plethora of retailers, restaurants, government buildings, and local attractions.
- Updated office amenities, warehouse functionality, and CBD zoning make this location suitable for a wide variety of office users.
- Seamless access to Route 3 and Interstate 90, connecting this location to the rest of Montana, with proximity to Billings Logan International Airport.
- Surrounded by a dense and growing population, creating a steady supply of employees to enhance the workforce as well as a dedicated consumer base.
Executive Summary
Discover this value-add opportunity located in the heart of Downtown Billings, Montana, at 401 N 28th Street, formerly home to The Billings Gazette. This presents a rare opportunity to acquire a highly visible 92,112-square-foot office building on a 2.62-acre site in the city’s Central Business District, adjacent to the Yellowstone Art Museum. CBD zoning makes this property well-suited for a wide variety of office users. Strategically positioned near Route 3, with convenient access to Interstate 90, 401 N 28th Street offers a prime location, scalability, robust infrastructure, and long-term upside.
With conference areas and a passenger elevator access, 401 N 28th Street supports a wide range of office, flex, or mixed-use operations. The building includes a newer, main-level addition that includes dock-height loading, roll-up doors, a 5-ton freight elevator servicing all floors, and dedicated storage space. The lower level comprises warehouse, storage, and mechanical space, featuring isolated pillars tied into a pristine basement slab and 480-volt, 3-phase power. Prominent building signage, excellent curb appeal, and exposure to more than 12,500 vehicles daily enhance the property’s presence at a signalized intersection.
401 N 28th Street offers 100 parking spaces, and bus line access increases accessibility for employees and visitors. Located 5 miles from Billings Logan International Airport, the building is close to a thriving mix of retailers, restaurants, government buildings, and local attractions, while serving a growing population of over 149,500 residents responsible for more than $2 billion in annual consumer spending. With a flexible layout, strong fundamentals, and prime urban location, 401 N 28th Street represents a compelling opportunity for investors or owner/users seeking a landmark office or mixed-use property in one of Montana’s most dynamic commercial districts.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property is being listed by Brian Brockman | Bang Realty | MT License #: RRE-BRO-LIC71129
With conference areas and a passenger elevator access, 401 N 28th Street supports a wide range of office, flex, or mixed-use operations. The building includes a newer, main-level addition that includes dock-height loading, roll-up doors, a 5-ton freight elevator servicing all floors, and dedicated storage space. The lower level comprises warehouse, storage, and mechanical space, featuring isolated pillars tied into a pristine basement slab and 480-volt, 3-phase power. Prominent building signage, excellent curb appeal, and exposure to more than 12,500 vehicles daily enhance the property’s presence at a signalized intersection.
401 N 28th Street offers 100 parking spaces, and bus line access increases accessibility for employees and visitors. Located 5 miles from Billings Logan International Airport, the building is close to a thriving mix of retailers, restaurants, government buildings, and local attractions, while serving a growing population of over 149,500 residents responsible for more than $2 billion in annual consumer spending. With a flexible layout, strong fundamentals, and prime urban location, 401 N 28th Street represents a compelling opportunity for investors or owner/users seeking a landmark office or mixed-use property in one of Montana’s most dynamic commercial districts.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property is being listed by Brian Brockman | Bang Realty | MT License #: RRE-BRO-LIC71129
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- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
92,112 SF
Building Class
B
Year Built
1971
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
45,426 SF
Building FAR
0.81
Lot Size
2.61 AC
Opportunity Zone
Yes
Parcel Number
03-1033-32-4-13-01-0000
Zoning
CBD - Central Business District
Parking
100 Spaces (1.09 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Very drivable
80/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
12,494
58,804
111,717
2020 Population
11,584
55,837
105,777
2030 Population
12,938
60,605
115,208
2025-2030 Projected Population Growth
3.5%
3.1%
3.1%
Daytime Employees
41,408
63,803
88,402
Total Businesses
3,409
6,410
9,475
Average Household Income
$57,415
$77,020
$85,026
Median Household Income
$42,001
$57,399
$65,132
Total Consumer Spending
$137.1M
$717.6M
$1.4B
Median Age
39.1
38.1
39.2
2025 Households
6,024
25,358
47,195
Percent College Degree or Above
17%
18%
20%
Average Home Value
$302,563
$316,734
$352,691
$ values in USD
Sale Advisors
Sale Advisors
Michael Carlson, Principal
As a Principal at Avison Young, Mike Carlson SIOR, CCIM specializes in all aspects of Office Brokerage with over 25 years of industry experience. His expertise spans agency leasing, tenant representation and investment sales, Mike has mentored numerous young brokers in the industry and been tasked with leading full brokerage divisions the majority of his career.
Graduating from the University of Missouri-Columbia with a double major in finance and real estate, Mike has a strong foundation in the field. He has showcased his leadership through roles such as SIOR Regional Director, SIOR Chapter President, CCIM Chapter President and the Missouri Growth Association Board.
Beyond his professional achievements, Mike is dedicated to philanthropy, where he is the acting President of the Zeta Phi Foundation, Inc., a non for profit established to provide need based college scholarships.
Graduating from the University of Missouri-Columbia with a double major in finance and real estate, Mike has a strong foundation in the field. He has showcased his leadership through roles such as SIOR Regional Director, SIOR Chapter President, CCIM Chapter President and the Missouri Growth Association Board.
Beyond his professional achievements, Mike is dedicated to philanthropy, where he is the acting President of the Zeta Phi Foundation, Inc., a non for profit established to provide need based college scholarships.
Ben Albers, Senior Vice President
Ben Albers serves as Senior Vice President for Avison Young's office team, bringing extensive expertise in commercial real estate to his role. With a focus on representing tenants and landlords in office property transactions, he specializes in strategic planning to drive cost savings for corporate and local tenants through thorough market and financial analysis. Additionally, Ben provides representation to local and institutional owners, leveraging his market expertise for lease negotiations and creative marketing strategies.
A graduate of St. Louis University with a Bachelor’s degree in Entrepreneurship, Ben is a licensed real estate salesperson in Missouri. In recognition of his dedication to the St. Louis community, Ben was honored in the 2019 class of The St. Louis Business Journal’s 30 under 30.
He is also deeply involved in philanthropic endeavors, serving as the President of the Cardinal Glennon Development Board and contributing to the Le Roseau Initiative. Additionally, Ben is a member of the Missouri Athletic Club and sits on its Sports Foundation board.
A graduate of St. Louis University with a Bachelor’s degree in Entrepreneurship, Ben is a licensed real estate salesperson in Missouri. In recognition of his dedication to the St. Louis community, Ben was honored in the 2019 class of The St. Louis Business Journal’s 30 under 30.
He is also deeply involved in philanthropic endeavors, serving as the President of the Cardinal Glennon Development Board and contributing to the Le Roseau Initiative. Additionally, Ben is a member of the Missouri Athletic Club and sits on its Sports Foundation board.
Jay Travis, Vice President
As Vice President of Avison Young’s brokerage team, Jay Travis specializes in representing tenants and landlords within the office property sector. With a strong background in global occupier services, Jay excels in managing site selection and relocation processes for clients. His expertise extends to market research and strategic planning for various accounts, ensuring optimal outcomes.
Jay holds a Bachelor of Science degree in Business Administration with an emphasis in Finance and Real Estate from the University of Missouri – Columbia. He is a licensed real estate salesperson in the state of Missouri.
Beyond his professional endeavors, Jay is actively engaged in the community, supporting organizations such as the World Pediatric Project and the St. Louis Sports Commission Associates. Additionally, he holds a membership at the Missouri Athletic Club.
Jay holds a Bachelor of Science degree in Business Administration with an emphasis in Finance and Real Estate from the University of Missouri – Columbia. He is a licensed real estate salesperson in the state of Missouri.
Beyond his professional endeavors, Jay is actively engaged in the community, supporting organizations such as the World Pediatric Project and the St. Louis Sports Commission Associates. Additionally, he holds a membership at the Missouri Athletic Club.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr RRE-BRO-LIC-91789
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value-Add Downtown Landmark Office | 401 N 28th St
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