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    Mixed-Use Building in Cascade, MT Title is generated by Realmo AI

    17 Front N Street, Cascade, MT 59421

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    For Sale
    $289,000

    3,304 sq ft mixed-use building in downtown Cascade.

    Type:Commercial/Industrial
    Property size:
    3,308 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $87/SF
    Added:
    Mar 11, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 6 at 3:09 am

    Property Features for 17 Front N Street

    General Information

    Standard status
    Active
    Size
    3,308 SF
    Lot size
    0.15 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1890

    We can help!

    Listing Contact
    Tara Halmes

    Listing agent Tara Halmes License #RRE-BRO-LIC-126979

    Listing office Legacy Realty of Montana

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Legacy Realty of Montana

    HighLights

    • 3,304 sq ft commercial building in downtown Cascade.
    • Currently at full capacity with rental income from a Vet Clinic, newspaper, and an apartment.
    • Upper level apartment features 3 beds, 1 bath, and a separate entrance.
    • Apartment recently updated with new flooring, remodeled bathroom, new lighting and paint.
    • Located in the growing town of Cascade with K‑12 school, grocery store, gas station and restaurants.
    • Close proximity (27 miles) to Great Falls, featuring an international airport and Level II Trauma Center.

    Overview

    This 3,304 sq ft mixed-use building is located in downtown Cascade. The property is currently at full capacity. The main part of the lower level is rented as a Vet Clinic (Switchback Vet Clinic), and the other part is rented to the local newspaper (The Cascade Courier). The upper level, with a separate entrance, features a 3-bed, 1-bath apartment that is currently being rented. The apartment has been recently updated with new flooring, a remodeled bathroom, new lighting, and paint. The town of Cascade has a K-12 school, grocery store, gas station, and restaurants. Great Falls, with an international airport, Level II Tram Center, and shopping, is located 27 miles away from the property. This building is suitable for running a business or renting out for income.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Big Box & Wholesale Store Nail Salon Auto Parts Store Department Store Bar & Pub Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cascade
    County
    Cascade
    State
    Montana
    Longitude
    -111.596
    Latitude
    47.1304

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    FAQs

    What type of property is this?
    Mixed-use property - 3,304 sq ft mixed-use building in downtown Cascade.
    Where is this mixed-use property located?
    The property is located at 17 Front N Street Cascade, MT.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: 3,304 sq ft commercial building in downtown Cascade.; Currently at full capacity with rental income from a Vet Clinic, newspaper, and an apartment.; Upper level apartment features **3 beds, 1 bath, and a separate entrance.**
    (406) 868-8083
    We can help!
    Listing Contact
    Tara Halmes
    Real Estate License ID: RRE-BRO-LIC-126979
    Learn More
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    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
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