Corner Flex Showroom with
201 & 207 2nd S, Great Falls, MT 59405
A corner showroom and heated warehouse with multiple entrances and street access, supported by major 2008 upgrades.
Type:Warehouse
Property size:
15,000 SFPrice / SF:
$150/SF- Added:
- Apr 23, 2024
- Days on Market:
- 796
- Last Refresh:
- Jun 27 at 2:59 am
Property Features for 201 & 207 2nd S
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1914
Listing office Corder and Associates LLC
Listing date Apr 23, 2024
Source Rehubbillings
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Corder and Associates LLC
HighLights
- Corner commercial building built in 1914 in a high‑traffic downtown location just inside the Downtown Parking District
- Just under 15,000 sq ft total with approximately 8,000 sq ft dedicated to a showroom with large windows and natural light
- Heated warehouse with overhead door and street access, plus multiple entrances and a versatile layout
- Floor plan includes 5 offices, 4 bathrooms, break/conference room, front counter space, IT room, copier/office supply room, and storage rooms
- Significant 2008 upgrades: plumbing, electrical, roof, HVAC, and windows
- Unit 207 could operate as a separate business with its own entrance, bathroom, office space, and kitchenette
Overview
This corner commercial building totals just under 15,000 square feet and includes approximately 8,000 square feet of showroom space. Large windows provide natural light, and the layout is built for both customer-facing and back-of-house use, with high ceilings and multiple entrances. Interior features include five offices, four bathrooms, a break/conference room, front counter space, an IT room, a copier/office supply room, and additional storage rooms. The heated warehouse includes an overhead door and street access to support deliveries, storage, or light operations.
The property benefits from corner location and exceptional visibility, positioned just inside the Downtown Parking District where parking advantages are available to occupants and visitors. The building also includes a configuration that supports separation of business use, with 207 noted as potentially usable as a separate business space, including its own entrance, bathroom, office space, and kitchenette.
With its combination of showroom, office support, and a street-access warehouse, the property can fit a range of tenant needs that require both client-facing space and practical operational capacity. Significant improvements completed in 2008 include new plumbing, electrical, roof, HVAC, and windows, strengthening the building’s near-term usability for an owner-operator or for a buyer planning tenant occupancy. An adjacent 26,000 square foot warehouse is listed for sale separately at 215 2nd Ave.
The property benefits from corner location and exceptional visibility, positioned just inside the Downtown Parking District where parking advantages are available to occupants and visitors. The building also includes a configuration that supports separation of business use, with 207 noted as potentially usable as a separate business space, including its own entrance, bathroom, office space, and kitchenette.
With its combination of showroom, office support, and a street-access warehouse, the property can fit a range of tenant needs that require both client-facing space and practical operational capacity. Significant improvements completed in 2008 include new plumbing, electrical, roof, HVAC, and windows, strengthening the building’s near-term usability for an owner-operator or for a buyer planning tenant occupancy. An adjacent 26,000 square foot warehouse is listed for sale separately at 215 2nd Ave.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Retail
$2.34M
$2.05M – $2.74M
NOI $164,147 @ 7.0% cap · market cap 7.30%
Second Best
Flex RnD
$1.88M
$1.65M – $2.19M
NOI $131,625 @ 7.0% cap · market cap 5.85%
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.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.318486
- Latitude
- 47.526116
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - A corner showroom and heated warehouse with multiple entrances and street access, supported by major 2008 upgrades.
Where is this flex space located?
The property is located at 201 & 207 2nd S 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: Corner commercial building built in 1914 in a high‑traffic downtown location just inside the Downtown Parking District; Just under 15,000 sq ft total with approximately 8,000 sq ft dedicated to a showroom with large windows and natural light; Heated warehouse with overhead door and street access, plus multiple entrances and a versatile layout
