Downtown Great Falls Commercial
201 & 207 2nd S Avenue, Great Falls, MT 59405
Commercial building in downtown Great Falls with showroom and warehouse.
Type:Commercial/Industrial
Property size:
14,940 SFLot size:
0.34 AcresPrice / SF:
$150/SF- Added:
- Mar 24, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 13 at 9:01 am
Property Features for 201 & 207 2nd S Avenue
General Information
- Standard status
- Active
- Size
- 14,940 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial/Industrial
Listing office Corder and Associates LLC (406) 622-3224
Listing date Mar 24, 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 Corder and Associates LLC
HighLights
- High‑traffic downtown location with exceptional visibility on the corner of 2nd St. S. and 2nd Ave. South.
- Large 15,000 sq. ft. commercial building with an 8,000 sq. ft. showroom featuring large windows and natural light.
- Significant upgrades completed in 2008 including new plumbing, electrical, roof, HVAC, and windows.
- Heated warehouse with overhead door and street access, which can also serve as private parking.
- Floorplan includes 5 offices, 4 bathrooms, break/conference room, front counter space, IT room, copier/office supply room, and storage.
- Segment of the property (207) can be utilized as a separate business with its own entrance, bathroom, office space, kitchenette, and storage.
Overview
This commercial building, located in downtown Great Falls, Montana, is positioned on the corner of 2nd St. S. and 2nd Ave. South. The building has a total area of just under 15,000 square feet, with approximately 8,000 sq. ft. designated as showroom space. Large windows provide natural light and street visibility. The floorplan includes 5 separate offices, 4 bathrooms, a break/conference room, front counter space, an IT room, a copier/office supply room, and several storage rooms. A heated warehouse with an overhead door and street access is also included, which can serve as private parking. Significant upgrades were completed in 2008, including new plumbing, electrical, roof, HVAC, and windows. Constructed in 1914, the building served as a furniture, appliance, and electronics store from 2008-2022. A segment of the property (207) could be utilized as a separate business with its own entrance, bathroom, office space, kitchenette, and storage. An adjacent warehouse of approximately 26,000 sq. feet is listed for sale separately at 215 2nd Ave. So.
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 | $242.0k | $16.20 |
| − Vacancy | −$8.5k | −$0.57 |
| EGI | $233.6k | $15.63 |
| − OpEx | −$70.1k | −$4.69 |
| NOI | $163.5k | $10.94 |
14,940 SF · lease $16.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.34M
$2.04M – $2.72M
NOI $163,490 @ 7.0% cap · market cap 7.27%
Second Best
Office B
$1.72M
$1.51M – $2.01M
NOI $120,611 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$2.91M
$2.54M – $3.39M
NOI $203,524 @ 7.0% cap · market cap 9.05%
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
- -111.3040288
- Latitude
- 47.503276
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - Commercial building in downtown Great Falls with showroom and warehouse.
Where is this showroom located?
The property is located at 201 & 207 2nd S Avenue 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: High‑traffic downtown location with **exceptional visibility on the corner of 2nd St. S. and 2nd Ave. South**.; **Large 15,000 sq. ft. commercial building** with an 8,000 sq. ft. showroom featuring large windows and natural light.; Significant upgrades completed in 2008 including new plumbing, electrical, roof, HVAC, and windows.
