For Sale
$3,250,000
201 & 215 2nd Avenue S, Great Falls, MT 59405
Mixed-use properties
Property Size41,000 SF
Price / SF$79.27
Days on Market909
Property Features for 201 & 215 2nd Avenue S
General Information
Standard status
Active
Size
41,000 SF
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Taxes and HOA fees
Annual Taxes
$21,270
Building Details
Building Size
41,000 SF
Year Built
1914
Listing Agency:
RE/MAX Legacy
(406) 995-2404
Listed By:
Chris Eastlund
(952) 567-1263
Source:
Outlaw
Added: Apr 23, 2024
Changed: Oct 10
Last Checked: Oct 16 at 6:53AM
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 RE/MAX Legacy
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Investment Insights
Based on property information with market context.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$276,750
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,535,000
$5.5M
Cap Rate 7%
$3,953,571
$4.0M
Cap Rate 9%
$3,075,000
$3.1M
Market Conditions
NOI Build-Up for 41,000 SF
Gross rent
$492.0K $12.00/SF
− Vacancy
−$49.2K −$1.20/SF
EGI
$442.8K $10.80/SF
− OpEx
−$166.1K −$4.05/SF
NOI
$276.8K $6.75/SF
Area
Cascade County, MT
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,535,000
Cap Rate 7%
$3,953,571
Cap Rate 9%
$3,075,000
Alternative Uses
Best Use
Retail
$6.41M
$5.61M – $7.48M
NOI $448,667 @ 7.0% cap · market cap 13.81%
Second Best
Office B
$4.73M
$4.14M – $5.52M
NOI $330,993 @ 7.0% cap · market cap 10.18%
Theoretical Best
Specialty Retail
$7.98M
$6.98M – $9.31M
NOI $558,533 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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.
