Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    201 - 215 2nd Avenue S, Great Falls, MT 59405

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Mixed-use properties

    Type:Industrial
    Property size:
    41,000 SF
    Price / SF:
    $79/SF
    Added:
    Apr 24, 2024
    Days on Market:
    771
    Last Refresh:
    May 13 at 8:24 pm

    Property Features for 201 - 215 2nd Avenue S

    General Information

    Standard status
    Active
    Size
    41,000 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Anthony Longin

    Listing agent Anthony Longin License #RRE-RBS-LIC-98799

    Listing office Corder and Associates LLC

    Listing date Apr 24, 2024

    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.
    • Large commercial building (just under 15,000 sq. ft.) featuring an 8,000 sq. ft. showroom with large windows and natural light.
    • Heated warehouse with overhead door and street access, potentially usable as private parking.
    • Significant upgrades completed in 2008 including new plumbing, electrical, roof, HVAC, and windows.
    • Segment of the property suitable for a separate business with its own entrance, bathroom, office, kitchenette, and storage.
    • Additional 26,000 sq. ft. building for storage or business expansion, with potential rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.3040288
    Latitude
    47.503276

    Nearby Similar for Sale

    • $330,000

      Great Falls Triplex Investment Opportunity

      Versatile triplex with income potential and recent upgrades.
      804 19th Street S, Great Falls, MT 59405
      View Details
    • $399,000

      Historic Great Falls Duplex

      Up/down duplex with retail potential in historic Great Falls.
      312,314 5th Street NW, Great Falls, MT 59404
      View Details
    • $2,750,000
      91,000 SF

      91,000 SF Great Falls Building

      Prime investment opportunity in the heart of Great Falls, Montana.
      300 Central Ave, Great Falls, MT 59401
      View Details
    • $2,250,000
      15,000 SF

      Downtown Commercial Building with Showroom

      Commercial building in downtown Great Falls with showroom and warehouse.
      201 & 207 2nd Ave South, Great Falls, MT 59405
      View Details
    • $2,250,000
      14,940 SF

      Downtown Great Falls Commercial Building

      Commercial building in downtown Great Falls with showroom and warehouse.
      201 & 207 2nd S Avenue, Great Falls, MT 59405
      View Details
    • $37,500

      Garage Unit Near Great Falls Airport

      Conveniently located garage unit near Great Falls International Airport.
      2701 Terminal Drive, Great Falls, MT 59404
      View Details
    • $3,250,000
      41,000 SF

      Downtown Commercial Building and Warehouse

      Commercial building and warehouse in downtown Great Falls, Montana.
      201 & 215 2nd Ave S, Great Falls, MT 59405
      View Details
    • $165,000
      5,000 SF

      Downtown Commercial Building For Sale

      5000 sq ft commercial building in downtown district.
      622 3rd S Avenue, Great Falls, MT 59405
      View Details
    • $390,000
      6,100 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring commercial space, apartment, and storage units.
      2200 9th N Avenue, Great Falls, MT 59401
      View Details
    • $2,500,000

      Repositioned Hospitality Asset For Sale

      23-unit SRO property with strong income and future upside.
      1521 1st Ave NW, Great Falls, MT 59404
      View Details
    • $1,950,000
      26,000 SF

      Twilite Center Office and Storage

      Large building with office, workrooms, and storage spaces.
      215 Smelter NE Avenue, Great Falls, MT 59404
      View Details
    • $1,150,000
      8,304 SF

      High-Traffic Shop on 0.62 Acres

      7460 SF shop on 0.62 acres in high-traffic area.
      1021 15th N Street, Great Falls, MT 59401
      View Details

    FAQs

    Where is this mixed-use property located?
    The property is located at 201 - 215 2nd Avenue S Great Falls, MT.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: High‑traffic downtown location with exceptional visibility and parking advantages.; **Large commercial building (just under 15,000 sq. ft.) featuring an 8,000 sq. ft. showroom with large windows and natural light.**; Heated warehouse with overhead door and street access, potentially usable as private parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Longin
    Real Estate License ID: RRE-RBS-LIC-98799
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    201 - 215 2nd Avenue S, Great Falls, MT 59405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!