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Now Available: The Marketplace at Annafeld

$7,988,000

1605 Annafeld Parkway E, Billings, MT 59101

Active
Last Updated: 07/22/2025

5.32

Cap Rate

425,341.908

NOI

Details:
Cap Rate:    5.32%
NOI:    $425,341.91
Building Size:    30,762 sqft
Lot Area:    1.022 acres
Occupancy:    100%
Units:    50
Year Built:    2021
Floors:    3
Parking Spots:    40
Highlights:
  • 7 ground-floor commercial/retail suites
  • 22 income-producing apartments above
  • 21 garages for added tenant value and revenue
  • Located in a growing neighborhood with strong absorption and future phases underway
  • Appealing architecture and quality construction by McCall Homes
Description:

Position your investment at the heart of one of Billings’ most thoughtfully planned and fastest-growing communities. The Marketplace at Annafeld offers a rare mixed-use opportunity featuring 7 street-level retail units, 22 fully-leased residential apartments, and 21 enclosed garage spaces, all designed with a walkable, community-focused lifestyle in mind.

Located in the vibrant core of the Annafeld neighborhood—a modern, master-planned development by McCall Homes—this property sits at the commercial anchor of a community that’s only halfway built out, offering significant long-term upside as the remaining phases are completed.

Surrounded by beautifully crafted homes, bike paths, parks, and pocket greenspaces, this property draws both daily foot traffic and a built-in customer base of residents who prioritize convenience, connection, and quality. Whether you're an investor seeking steady rental income or a business owner looking to plant roots in an up-and-coming district, The Marketplace delivers on all fronts.

Strategically located just north of the Yellowstone River, the Annafeld Subdivision is one of Billings’ premier master-planned neighborhoods. Already home to over 600 rooftops—with plans for 500 more in the next 5 years—Annafeld continues to see strong residential growth and demand. This thoughtfully designed community is built around connection, walkability, and lifestyle. From young families to retirees, Annafeld appeals to a broad demographic with its modern homes, tree-lined streets, and inviting green spaces.

Full city services

Northwestern Energy

ANNAFELD SUB 3RD FIL (22), S19, T01 S, R26 E, BLOCK 10, Lot 2
ANNAFELD SUB 3RD FIL (22), S19, T01 S, R26 E, BLOCK 10, Lot 1
ANNAFELD SUB 3RD FIL (22), S19, T01 S, R26 E, BLOCK 10, Lot 5
ANNAFELD SUB 3RD FIL (22), S19, T01 S, R26 E, BLOCK 10, Lot 4


Natural Gas

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