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Historic Flex Building with Freight Elevator
For Lease
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1531 National Avenue, Helena, MT 59601

Open-span flex space features a freight elevator, drive-up parking access, and separate main and basement levels.

Space Size14,338 SF
Days on Market152

Property Features for 1531 National Avenue

General Information

Standard status Active
Size 14,338 SF
Class C
Property subtype Retail
Lease Type NNN

Warehouse & Industrial

Clear Height 11 ft
Sprinkler System Yes

Building Details

Building Size 14,338 SF
Year Built 1885
Year Renovated 2015
Stories 2
Tenancy Single

Spaces For Lease

at 1531 National Avenue Contact us

Available Space

Size
14,338 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Coldwell Banker Commercial Green & Green
Listed By: Tyler Warne, CCIM · License #RRE-BRO-LIC-98724
Source: Crexi
Added: Apr 6 Changed: Aug 25 Last Checked: Sep 1 at 3:16AM

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 Coldwell Banker Commercial Green & Green

Investment Insights

Based on property information with market context.

Two-story, open-span flex building originally constructed in 1885, with significant improvements completed after a fire in 2015. Updates include new electrical panels and fixtures, new blown-in attic insulation, a new metal roof, a new drywall ceiling, and structural reinforcements completed per engineering guidelines. The building’s stone walls, tall ceilings, and timber beams provide character alongside modernized building systems.

The main floor offers an open layout with 11' ceilings and was most recently used for retail. A freight elevator serves both the main floor and basement. The basement level has 9' ceilings, includes a fire suppression system and sump pump, and was previously used for woodworking.

An asphalt drive-up parking lot provides direct ground-level access into the building, and the property is located in central Helena’s Grand Avenue Addition.

Key Highlights

  • Two‑story open‑span flex building originally built in 1885, offered for lease or sale
  • Approx. 14,338 SF with main floor 11' ceilings and an open layout; most recently used for retail
  • Main and basement levels served by a freight elevator; basement has 9' ceilings

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Garden Center HVAC Service Grocery & Convenience Store Food Market Clothing & Fashion Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11 ft
Clear height
Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,238
Businesses Nearby
Balanced
Demand for This Use

Demographics for 59601, MT

30,848
Population
15,937
Households
1.9
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
130.2 sq mi
ZIP Area
237
Density / Sq Mi
$70,502
Median Household Income
$44,000
Median Earnings
$1,023
Median Rent
$355,000
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Bad Betty's Barbecue and Catering Company 812 Front St, Helena, MT 59601
  • Marci's Catering 1710 national ave, helena, mt 59601
  • Rockstarr BBQ 2125 N Last Chance Gulch Suite 2, Helena, MT 59601

Frequently Asked Questions

What type of property is this?
Flex space - Open-span flex space features a freight elevator, drive-up parking access, and separate main and basement levels.
Where is this flex space located?
The property is located at 1531 National Avenue Helena, MT.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Two‑story open‑span flex building originally built in 1885, offered for lease or sale; Approx. 14,338 SF with main floor 11' ceilings and an open layout; most recently used for retail; Main and basement levels served by a freight elevator; basement has 9' ceilings
(406) 442-1736 Call to check price and availability
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