National Auction USA · Commercial Real Estate · Closed
1 MacArthur Ave — Billings, MT
This 3,420 SF commercial building on a 0.51-acre corner lot in one of Billings' highest-traffic corridors was offered by National Auction USA on behalf of sellers Rodney A. Vetter and Bonnie J. Vetter under a two-stage Sealed Bid and Live Auction format. The property carried an open DEQ petroleum release (Release ID 523) with approximately $759,568.50 in remaining PTRCB state reimbursement capacity available to transfer to a qualified buyer.
The format, the documentation, and the on-site execution were built around one objective: deliver a clean, transparent transaction on a property that required real expertise to package, market, and close. That's what happened. The sealed bid round opened the live auction floor on April 15, 2026, competitive bidding determined the contract price, and the transaction closed in 27 days.
The Headline — Complex Doesn't Mean Unsellable
Commercial properties with open environmental matters often sit on the market for years. This one was packaged, marketed, sold, and closed in under 90 days. The PTRCB Form 1-T was executed and notarized on-site at the live auction. The buyer assumed the environmental liability and, with it, gained access to the remaining state reimbursement capacity — fully documented, fully transparent, fully closed.
27 DAYS FROM HAMMER
Billings, MT 59101
Final Result
$341,000
Price Realized · 27-Day Close · Closed May 12, 2026
How This Deal Was Built
Four parts of the package · From challenge to closing
PTRCB Form 1-T Executed On-Site
The property carried an open DEQ petroleum release dating to a 1990 tank overfill. All 10 underground storage tanks had been permanently removed and closed. The PTRCB Form 1-T was executed and notarized at the live auction, transferring approximately $759,568.50 in remaining state reimbursement capacity to the new owner — reimbursable at 100% from dollar one, with no co-payment required, for future eligible corrective action costs.
Two-Stage Sealed Bid + Live Auction
Sealed bid deadline closed Monday, April 13, 2026 at 5:00 PM. Live auction held Wednesday, April 15, 2026 at the National Auction USA gallery in Billings. The highest sealed bid opened the live floor, with bidder identities held confidential and numbers assigned. A controlled, fully documented competitive process built specifically for the property and the buyer pool it deserved.
$341,000 Contract Price · 27-Day Close
Sold as-is, where-is with no contingencies of any kind. $10,000 nonrefundable deposit at the hammer, 30-day closing terms. Owner's Title Insurance Policy and Warranty Deed delivered at closing. Real estate taxes prorated to closing. The transaction closed in 27 days from the live auction date — well inside the 30-day window — May 12, 2026.
0.51-Acre Corner Lot, King Ave W & I-90
3,420 SF concrete-block commercial building on a 0.51-acre corner lot. 30,000+ vehicles per day on King Avenue West and I-90; 26,000+ on Montana Avenue. Direct access from both directions. Community Commercial (CC) zoning, 12-foot ceilings, central air, paved parking on three sides, CCTV and alarm. New roof (2021), HVAC (2019/2020), $40,000+ in permitted improvements.
Have a Property With a Story?
Commercial buildings, environmental matters, estate real estate, farm and ranch, fiduciary assignments — every Montana property has the right format and the right buyer pool. National Auction USA builds the package, runs the process, and delivers the closing. Powered by Technology. Built on Relationships.
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Auction & Property Questions
National Auction USA
Cash Seal, President & Auctioneer · CAI, AMM, FFL
Phone: 406-259-4730
Email: [email protected]
3625 S 56th St W, Billings, MT 59106