5647 Chicago Cir - Self-Storage Facilities FOR SALE


Billings, MT 59105
$2,150,000 USD
406-698-6850
5647 Chicago Cir, Billings, MT for Sale
$2,150,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | Request Cap Rate

5647 Chicago Cir
Billings, MT 59105


HIGHLIGHTS

  • Strong Value-Add Opportunity – immediate upside thru increased marketing, online presence, and advertising efforts to boost occ. and overall revenue
  • Efficient Operations with Upside-Achieving strong average rents of $6.84 without professional management
  • Major Infrastructure Upgrade Nearby-The Billings Bypass, including the Yellowstone River Bridge, is scheduled to open July 3, 2025, just south of the
  • Well-Equipped Facility – Includes security cameras, electronic gate, and on-site office, enhancing tenant appeal and supporting efficient operations

OVERVIEW

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 and limited storage competition. Strategically situated on Chicago Circle near key commuter routes, the facility enjoys strong visibility and easy access for both residential and commercial customers. The surrounding demographics reflect a high median household income and homeownership rates, supporting consistent storage demand. The property offers approximately 33,300 rentable square feet of enclosed drive-up storage and 10,000 square feet of outdoor parking, serving a wide range of tenant needs with units from 25 SF to 1,000 SF. It is equipped with security cameras, an electronic gate, and an on-site office, making it a highly functional and appealing facility for both customers and investors. A major upside to this location is the imminent opening of the Billings Bypass corridor, scheduled for July 3, 2025. This new infrastructure project will connect Johnson Lane in Lockwood to Five Mile Road in the Heights—just south of the facility—via the Yellowstone River Bridge. The route is designed to ease traffic congestion on Main Street (the busiest road in Montana) by diverting trucks and through-traffic, thereby improving overall accessibility to the area. This long-anticipated transportation upgrade is expected to increase exposure to the facility and drive higher demand, further enhancing its already strong investment profile. With in-place market rents, low operating expenses, and significant occupancy upside, Five Corners Storage offers a compelling opportunity in a market poised for continued growth.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five Corners Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,767 SF

ZONING

-

APN/PARCEL ID

03-1134-21-3-06-09-0000

ASK ABOUT THIS PROPERTY

Kim VanDelinderHayes & AssociatesMore Info
406-698-6850

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Kim VanDelinderHayes & AssociatesMore Info
406-698-6850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.