Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 N Last Chance Gulch Helena, MT 59601

    Sponsored
    For Lease
    $1,700 /Mo

    COMMERCIAL - Helena, MT

    Property size:
    1,257 SF
    Days on Market:
    112
    Last Refresh:
    Mar 2 at 7:06 pm

    Property Features for 7 N Last Chance Gulch

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Bathrooms
    2
    APN
    05188830304020000
    Parking features
    On Street, Garage
    Size
    1,257 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1879
    Flooring type
    Laminate, Carpet

    We can help!

    Listing Contact
    Breena Buettner
    Breena Buettner

    Keller Williams Capital Realty (406) 449-2181

    Listing agent Breena Buettner (406) 202-8002 License #RRE-BRO-LIC-108934

    Listing date Nov 11, 2025

    MLS# 30040827

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Helena Commercial Space Available

    This commercial space is located in the heart of Downtown Helena, on the main floor of the historic Atlas building along the Walking Mall. The building features a granite stone exterior with stained wooden details. The total area is 1,920 square feet, with 663 square feet shared with a neighboring tenant and 1,257 square feet of private area. The space is versatile and can be transformed to fit various business needs. It is adjacent to Performance Square, local restaurants, and local shops, benefiting from high foot traffic on the Walking Mall and visibility from Broadway Street. The majority of the space is ADA accessible. There are two shared restrooms in the common area in the back, accessible with a couple of stairs. The property is located in Helena, Montana, with the postal code 59601, in Lewis and Clark County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis and Clark
    State
    Montana
    Longitude
    -112.039033
    Latitude
    46.587014

    Nearby Similar for Lease

    • $2,450 /Mo

      Downtown Helena Office Suite

      Historic building with nine private offices and mountain views.
      32 S Ewing St, Helena, MT 59601
      View Details
    • $19 SF/Yr
      40,598 SF

      Helena Office Suite For Lease

      Office suite in Helena's medical park, ideal for medical use.
      2626 Winne Ave, Helena, MT 59601
      View Details
    • $25 SF/Yr
      27,878 SF

      Prime Office Space Available

      3,200 SF office space with flexible terms for rent.
      2001 11Th Ave, Helena, MT 59601
      View Details
    • $1,495 /Mo
      14,418 SF

      Move-in Ready Office Suite

      761 SF office suite with utilities included, convenient location.
      1361 Elm St, Helena, MT 59601
      View Details
    • $18 SF/Yr

      Historic Montana Club Retail/Office Space

      Iconic downtown building with unique leasing opportunity.
      300 Fuller Ave, Helena, MT 59601
      View Details
    • $1,385 /Mo

      Sought After Office Location

      Office space available now in the Great Northern Town Center.
      40 W 14Th St, Helena, MT 59601
      View Details
    • $4,600 /Mo
      1,814 SF

      Former Bank on Euclid Avenue

      Versatile commercial space with drive-in canopy in Helena, MT.
      1135 Euclid Ave, Helena, MT 59601
      View Details
    • $9 SF/Yr
      3,000 SF

      Renovated Office Suites in Helena

      Affordable, renovated office suites in downtown Helena with pending improvements.
      534 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $14 SF/Yr
      2,306 SF

      Retail Space in Helena, MT

      Commercial space suitable for retail, office, or mixed-use ventures.
      411 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $400 /Mo
      2,400 SF

      East Valley Private Office Space

      Comfortable office space in a growing east valley location.
      3156 Tancy Dr, Helena, MT 59602
      View Details
    • $10 SF/Yr
      12,526 SF

      Renovated Retail Space Available

      Sub-lease retail space with abundant parking and high traffic.
      3065-3075 N Montana Ave, Helena, MT 59601
      View Details
    • $13 SF/Yr
      12,000 SF

      Prime Retail Space on Montana

      12,000 SF retail space in Northside Shopping Center.
      3131 N Montana Ave, Helena, MT 59602
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space in the heart of Downtown Helena for lease.
    Where is this retail space located?
    The property is located at 7 N Last Chance Gulch Helena, MT.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: - Prime downtown Helena location on the Walking Mall with high foot traffic.; - Versatile 1,257 SF private commercial space, ready for customization.; - Located in the historic Atlas building with a stunning granite stone exterior.
    (406) 202-8002
    Request Owner's contact information
    7 N Last Chance Gulch Helena, MT 59601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 N Last Chance Gulch
    Helena, MT 59601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 N Last Chance Gulch Helena, MT 59601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Breena Buettner
    Breena Buettner
    Real Estate License ID: RRE-BRO-LIC-108934
    (406) 202-8002 (406) 449-2181
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!