A 63-acre parcel south of Interstate 90 that was annexed into the city in late March will likely generate a lot of interest for future commercial development.
The City Council approved the annexation March 25, and the property at 1236 Mullowney Lane will be zoned "highway commercial." The property, owned by Elizabeth Zeiler, has been in the family’s ownership for nearly 100 years. The annexation and re-zoning will allow access to city services, paving the way for future development.
“Continuing growth in Billings has created strong demand for commercial real estate. The size and location of the property involved will allow for larger scale development to a wide range of industries to support and serve the growth in the community,” said Greg VanKirk, a partner for Plante Moran Cresa, a real estate consulting firm that’s working with the Zeiler family.
Ron Rotole, a spokesman for Plante Moran Cresa, said the property will be actively marketed to potential developers beginning this spring. The “target audience” for the property would be developers interested in seeing that the property is developed.
Yellowstone County’s economic development agency welcomed the annexation.
“Big Sky Economic Development applauds efforts to prepare land sites that are ready to go. As quickly as Billings’ economy is growing, we have a shortage of available property that has the infrastructure that companies need. It’s a struggle to find 20 or more acres like this that are so ready to go,” said Jeremy Vannatta, the agency’s director of business outreach, recruitment and marketing.
Prior to the council’s approval, city departments were given the opportunity to comment on the proposed annexation. Water, sewer and storm water management and other city services are available and can be provided to the property.