416 Lake Elmo Drive, Billings, MT

Retail for Sale - $699,000 - 2,015 Sq. Ft. on 0.32 acres


Agent Info

Todd Sherman
Coldwell Banker Commercial CBS

Property Info

CIMLS#1198021
Location
  416 Lake Elmo Drive
  Billings MT 59105
UpdatedOctober 23rd, 2026
TypeRetail
Price$699,000
Building2,015 Sq. Ft.
Land0.32 acres

Property Description

Discover an investment opportunity at 416 Lake Elmo Drive in Billings, Montana. Home to Yellowstone Casino, this established commercial property offers investors the opportunity to acquire real estate occupied by an existing business. The sale includes the real estate only, with Yellowstone Casino remaining in operation at the location. Situated within the established Billings Heights commercial market, the property offers an attractive opportunity for investors seeking to expand their commercial real estate portfolio. With an existing business presence and convenient access to major retail and commercial amenities, this property presents long-term investment potential.

Located near the intersection of Lake Elmo Drive and Main Street, 416 Lake Elmo Drive is positioned within one of Billings Heights' established commercial corridors. With convenient access to Main Street and nearby shopping, dining, and residential neighborhoods, the property benefits from its location within an active commercial district. This established setting presents an attractive opportunity for businesses and investors seeking a presence in the Billings Heights market.

Highlights:

Property for Sale – Existing Business to Remain. Business Not Included. Building Size: 2,015 SF Lot Size: 0.32 Acres Traffic Count: 10,142 AADT Prime Heights Location Convenient access to Main Street, a major Billings Heights thoroughfare Cap Rate: 7.7%


Financials



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