Description
The Intermountain Equestrian Center (IEC) is a well-established and recognized commercial equestrian facility located just north of Billings, Montana. It has been serving the needs of horse owners for over 25 years under current ownership. Users include professional performance horse trainers, recreational users, horse lovers, and borders of all types. Additionally, colleges and non-profits like Horses Spirits Healing https://horsesspiritshealing.org/ - current user of IEC - attest to the complete sufficiency of the facilities for all types of users. As-is, the IEC is no more than half full, and current income generated from its various users sufficiently services the IEC's operating expenses. However, there is plenty of opportunity for growth, especially since it's only minutes from Billings - one of the fastest growing cities in the West. Furthermore, it has nearly 30 acres of deeded ground (comprising two individual tracts), and an additional benefit is the direct access to a 640-acre section of Montana State land for recreational use that includes riding and exercising horses. IEC has it all.
Key Features
Existing tenants with good income, and potential for growth;
Two large indoor riding arenas, one heated;
One large outdoor riding arena;
80+ stalls in 5 barns;
Office building with 2-bedroom apartment;
Indoor and outdoor wash racks;
Multiple tack, rooms, sheds, shops, etc.;
Plenty of room for parking and storage;
11 round pens;
Trail riding opportunities on adjacent public lands;
Multiple outdoor horse pens with automatic waterers and loafing sheds;
Over 15 acres of land are used as horse-safe pastures and turn-out pens - all with water and shelter;
2, interconnected working wells with RO Water system for much of the property;
Future development potential on the vacant parcels; and,
10 minutes to Billings, MT
Location
IEC is conveniently located about 10 miles from the Billings-Logan International Airport on US Highway 3, or only about 15 minutes from the Hospital/Medical region and downtown. The west end of Billings is even closer and where most of the new growth is occurring, including a new Costco store, new schools, and medical facilities.
Improvement Description
Main Office & Apartment
Year Built: 1979 and remodeled in 2000
2-bed 1 bath apartment
2nd-floor conference and meeting room
Main floor - Multiple individual offices
12 Stall Barn
Year Built: Early to mid 1990's
12 - 12' x 12' stalls with mats and lime rocks. (Two of the stalls have been combined to make a foaling stall.)
Concrete Alley
Insulated - redone in 2019 and ceiling fans were added
Built-in tack area and adjoining, but separate tack shed
RO Water
24 Stall Barn
Year Built 2000
24 - 12' x 12' individual stalls
Concrete Alley
Insulated - redone in 2019 and ceiling fans were added
Built-in tack area and adjoining, but separate tack shed
Water in barn
13 Stall Barn
Year Built 2010
13 - 12' x 12' individual stalls
Concrete Alley
Insulated
Built-in tack area
Wood floors in stalls with 4" of lime rock for a base
Water in barn
Stand Alone Indoor Arena
Year Built 2006
Steel Frame Construction
80' x 200'
Insulated
Viewing/Spectator Area
Main Barn and Indoor Arena
Year Built 1985
Steel Frame Construction
Main Barn Area
Heated Office and/or meeting area with kitchenette and bathroom
21 stalls, plus tack rooms, mechanical, storage areas, vet, feed, and bathrooms
Wash rack & grooming stall
Attached Indoor Arena
80' x 150'
Heated and Insulated
Hay & Bedding Storage Shed
(80' x 60', plus an add-on, lean-to barn area)
Clear span construction with 14' trusses and open-sided on its east end
Year Built 1988
Attached 14 Stall Barn Area
Outdoor Arena
Pipe construction with treated plywood skirting
150' x 250'
Other Improvements
Two Good producing wells (Interconnected for backup protection)
RO Water Treatment system that serves the main barn, office/apartment, the 12-stall barn, and all the automatic waterers.
Plus, multiple turn-out pens, paddocks, round pens, loafing sheds, and other accessory buildings
Broker's Comments
We encourage anyone looking for a property with existing cash flow, growth potential, residential, and possibly other commercial development opportunities to look at the Intermountain Equestrian Center (IEC). The Billings, Montana area market appears to have an underserved market for equestrian facilities like IEC for private use, boarding, training, and other non-profits. IEC is a great buy and an even better investment.
