Downtown Great Falls Commercial
For Sale
$2,250,000
201 & 207 2nd Avenue S, Great Falls, MT 59405
Commercial building in downtown Great Falls with showroom and warehouse.
Property Size15,000 SF
Price / SF$150
Days on Market922
Property Features for 201 & 207 2nd Avenue S
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Taxes and HOA fees
Annual Taxes
$14,805
Building Details
Building Size
15,000 SF
Year Built
1914
Listing Agency:
Corder & Associates
Listed By:
Trampus Corder · License #RRE-BRO-LIC-38039
(406) 231-8515
Source:
Outlaw
Added: Apr 23, 2024
Changed: Oct 31
Last Checked: Oct 30 at 12:48PM
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 & Associates
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,147
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,940
$3.3M
Cap Rate 7%
$2,344,957
$2.3M
Cap Rate 9%
$1,823,856
$1.8M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$243.0K $16.20/SF
− Vacancy
−$8.5K −$0.57/SF
EGI
$234.5K $15.63/SF
− OpEx
−$70.3K −$4.69/SF
NOI
$164.1K $10.94/SF
Area
Cascade County, MT
Vacancy
3.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,940
Cap Rate 7%
$2,344,957
Cap Rate 9%
$1,823,856
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 59405, MT
33,578
Population
15,260
Households
2.2
Avg Household Size
35
Median Age
29%
College-Educated
94%
High-School Grad
479.4 sq mi
ZIP Area
70
Density / Sq Mi
$60,509
Median Household Income
$37,431
Median Earnings
$947
Median Rent
$236,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
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Frequently Asked Questions
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 Avenue 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: 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.
