Downtown Commercial Building with
201 & 207 2nd Ave South, Great Falls, MT 59405
Commercial Building - Great Falls, MT
Property size:
15,000 SFLot size:
0.34 AcresPrice / SF:
$150/SF- Added:
- Apr 23, 2024
- Days on Market:
- 754
- Last Refresh:
- May 16 at 8:06 pm
Property Features for 201 & 207 2nd Ave South
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking features
- Garage
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 14805
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1914
- Year renovated
- 1914
- Flooring type
- Carpet
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Trampus Corder (406) 622-3224
Listing office Corder and Associates, LLC 1312 Front Street, Fort Benton, MT (406) 622-3224
Listing date Apr 23, 2024
MLS# 11272347
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic downtown location with exceptional visibility and parking advantages.
- Large showroom (approx. 8,000 sq. ft.) with abundant natural light.
- Heated warehouse with overhead door and street access, also usable as private parking.
- Significant upgrades in 2008: new plumbing, electrical, roof, HVAC, and windows.
- Flexible floorplan with multiple offices, bathrooms, break/conference room, and storage.
- Potential for separate business (207) with its own entrance, bathroom, office, kitchenette, and storage.
Overview
Located in downtown Great Falls, Montana, this commercial building is positioned on the corner of 2nd St. S. and 2nd Ave. South. The property benefits from a high-traffic location within the Downtown Parking District. The building is just under 15,000 square feet, with approximately 8,000 sq. ft. encompassing the showroom. Large windows provide natural light and street visibility. The floorplan includes 5 separate offices, 4 bathrooms, a break/conference room, front counter space, an IT room, a copier/office supply room, and several storage rooms. A heated warehouse with an overhead door and street access is also included, which can serve as private parking. Significant upgrades were completed in 2008 including new plumbing, electrical, roof, HVAC, and windows. From 2008-2022, the building served as a furniture, appliance, and electronics store. A segment of the property (207) could be utilized as a separate business with its own entrance, bathroom, office space, kitchenette, and storage. The building dates back to 1914. The lot size is 0.34 acres.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.82M
NOI $164,147 @ 9.00% cap · cautious / downside scenario
Moderate
$2.34M
NOI $164,147 @ 7.00% cap · market / base-case scenario
Aggressive
$3.28M
NOI $164,147 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.0k | $16.20 |
| − Vacancy | −$8.5k | −$0.57 |
| EGI | $234.5k | $15.63 |
| − OpEx | −$70.3k | −$4.69 |
| NOI | $164.1k | $10.94 |
15,000 SF · lease $16.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.34M
$2.05M – $2.74M
NOI $164,147 @ 7.0% cap · market cap 7.30%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,374 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.41M
NOI $204,341 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Showrooms
Similar Places Nearby
- Dements Flooring
- J-N-J Tile — Great Falls, MT 59404
- Malisani Inc. — 1101 8th Ave N, Great Falls, MT 59401
- Carpet Garage Flooring Center, Great Falls MT — 300 2nd St S, Great Falls, MT 59405
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.304054
- Latitude
- 47.503355
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - Commercial building in downtown Great Falls with showroom and warehouse.
Where is this showroom located?
The property is located at 201 & 207 2nd Ave South Great Falls, MT.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: High‑traffic downtown location with exceptional visibility and parking advantages.; Large showroom (approx. 8,000 sq. ft.) with abundant natural light.; Heated warehouse with overhead door and street access, also usable as private parking.
