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$1,800,000
30± Acres
Active
Yellowstone County, MT

7256 Mt-3, Billings, Montana

MLS ID: 23-1073
Status: Active
Price: $1,800,000
Acres: 30±
Type: Unimproved, Ranch, Land
Address: 7256 Mt-3
City, State: Billings, MT
County: Yellowstone County
ZIP Code: 59106

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.

Additional Information

Exterior

Fencing: Cross Fenced, Fenced
Lot Size Area: 30
Lot Size Square Feet: 1,306,800
Other Structures: Cabin
Parking Features: Gravel
Water Source: Well

Financial/HOA/Schools

Elementary School: Out of Area
Middle School: Out of Area
High School: Out of Area
Web Godinez

Web Godinez

Cody, Wyoming

(808) 346-8197

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listed By: Galen Chase of Chase Brothers, Llc - (307) 752-5144