Downtown Commercial Building with
201 & 207 2nd Avenue S, Great Falls, MT 59405
Commercial building in downtown Great Falls with showroom and warehouse.
Type:Retail, Office, Industrial
Property size:
15,000 SFPrice / SF:
$150/SF- Added:
- Sep 23, 2023
- Days on Market:
- 973
- Last Refresh:
- May 12 at 10:48 pm
Property Features for 201 & 207 2nd Avenue S
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Retail, Office, Industrial
Listing agent Anthony Longin License #RRE-RBS-LIC-98799
Listing office Corder and Associates LLC
Listing date Sep 23, 2023
Source Crexi
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 and parking advantages.
- Approximately 15,000 sq. ft. commercial building featuring an 8,000 sq. ft. showroom.
- Significant upgrades completed in 2008: new plumbing, electrical, roof, HVAC, and windows.
- Heated warehouse with overhead door and street access, usable as private parking.
- Flexible floorplan: 5 offices, 4 bathrooms, break/conference room, IT room, storage, etc.
- Segment of the property (207) can be utilized as a separate business with its own entrance.
Overview
Located in downtown Great Falls, Montana, this commercial building is situated on the corner of 2nd St. S. and 2nd Ave. South. The building is just under 15,000 square feet, with approximately 8,000 sq. ft. encompassing the showroom. The showroom has large windows that supply 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. There is also a heated warehouse with an overhead door and street access that can serve as private parking. Significant upgrades were completed in 2008 including new plumbing, electrical, roof, HVAC, and windows. From 2008-2022, the building served as a furniture, appliance, and electronics store. 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 is listed for sale separately. The warehouse is approximately 26,000 sq. feet. The high-traffic location is just inside the Downtown Parking District, so it benefits from the parking advantages.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.82M
NOI $164,147 @ 9.00% cap · cautious / downside scenario
Moderate
$2.34M
NOI $164,147 @ 7.00% cap · market / base-case scenario
Aggressive
$3.28M
NOI $164,147 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
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
Insight Report
Location Intelligence
Current Use by Public Records
Showrooms
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?
Mixed-use property - Commercial building in downtown Great Falls with showroom and warehouse.
Where is this mixed-use property 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 and parking advantages.; Approximately 15,000 sq. ft. commercial building featuring an **8,000 sq. ft. showroom**.; Significant upgrades completed in 2008: new plumbing, electrical, roof, HVAC, and windows.
