Downtown Retail and Warehouse
201 & 207 2nd Ave S, Great Falls, MT 59405
COMMERCIAL - Great Falls, MT
Property size:
15,000 SFLot size:
0.34 AcresPrice / SF:
$150/SF- Added:
- Apr 23, 2024
- Days on Market:
- 805
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 201 & 207 2nd Ave S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Security features
- Security System
- Standard status
- Active
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 14805
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1914
- Flooring type
- Carpet
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Trampus Corder License #RRE-BRO-LIC-38039 (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
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
- Corner commercial building in downtown Great Falls at 2nd St. S. and 2nd Ave. South, within the Downtown Parking District
- Just under 15,000 sq. ft. total with approx. 8,000 sq. ft. showroom, large windows for street visibility and natural light
- Upgrades completed in 2008: plumbing, electrical, roof, HVAC, and windows (building originally built in 1914)
- Heated warehouse with overhead door and street access; can also be used as private parking
- Interior includes 5 separate offices, front counter space, break/conference room, IT room, copier/office supply room, and multiple storage rooms
- Multiple amenities and potential separate use: 4 bathrooms plus a (207) segment with its own entrance, office space, bathroom, kitchenette, and storage
Overview
This downtown commercial property includes a showroom and a heated warehouse component, totaling just under 15,000 square feet for the 201 address. The showroom space features large windows for natural light and street visibility, supported by high ceilings and multiple entrances. Interior improvements include a layout with five separate offices, four bathrooms, a break or conference room, front counter space, an IT room, a copier or office supply room, and several storage rooms. The heated warehouse includes an overhead door and street access, and it may also function as private parking. Significant upgrades were completed in 2008, including new plumbing, electrical, roof, HVAC, and windows.
The building sits on a corner location in downtown Great Falls at 2nd St. S. and 2nd Ave. South, within the Downtown Parking District, providing parking advantages for visitors and staff. A portion of the property identified as 207 can operate as a separate business, with its own entrance, bathroom, office space, kitchenette, and storage. An adjacent warehouse at 215 2nd Ave. S. is listed for sale separately.
For tenants or owner-users, the combination of street-facing showroom space and a warehouse with overhead door access supports a range of commercial uses that benefit from both customer visibility and back-of-house functionality. The existing office and service-counter components may fit businesses looking for an established internal layout with multiple rooms, while the separate 207 segment can support an additional user or flexible operations.
The building sits on a corner location in downtown Great Falls at 2nd St. S. and 2nd Ave. South, within the Downtown Parking District, providing parking advantages for visitors and staff. A portion of the property identified as 207 can operate as a separate business, with its own entrance, bathroom, office space, kitchenette, and storage. An adjacent warehouse at 215 2nd Ave. S. is listed for sale separately.
For tenants or owner-users, the combination of street-facing showroom space and a warehouse with overhead door access supports a range of commercial uses that benefit from both customer visibility and back-of-house functionality. The existing office and service-counter components may fit businesses looking for an established internal layout with multiple rooms, while the separate 207 segment can support an additional user or flexible operations.
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
Office B
$1.73M
$1.51M – $2.02M
NOI $121,095 @ 7.0% cap · market cap 5.38%
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
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 - Corner retail showroom with heated warehouse space, multiple entrances, offices, and street-access overhead door.
Where is this showroom located?
The property is located at 201 & 207 2nd Ave 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 in downtown Great Falls at 2nd St. S. and 2nd Ave. South, within the Downtown Parking District; Just under 15,000 sq. ft. total with approx. 8,000 sq. ft. showroom, large windows for street visibility and natural light; Upgrades completed in 2008: plumbing, electrical, roof, HVAC, and windows (building originally built in 1914)
