Supplements: 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 ... (Read more) 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.