201 & 207 2nd S, Great Falls, MT 59405
SINGLE_FAMILY - MT
- Added:
- Apr 3, 2026
- Days on Market:
- 69
- Last Refresh:
- Jun 10 at 3:06 pm
Property Features for 201 & 207 2nd S
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- On Street
- Security features
- Security
- Standard status
- Active
- APN
- 0000193200
- Size
- 15,000 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- GREAT FALLS ORIGINAL TOWNSITE, S12, T20 N, R03 E, BLOCK 369, LOT 013, LTS 13-14
- Tax Annual Amount
- 14805
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1914
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Membrane
Listing agent Trampus Corder License #RRE-BRO-LIC-38039 (406) 622-3224
Listing office Corder and Associates LLC 1312 Front Street, Fort Benton, MT (406) 622-3224
Listing date Apr 3, 2026
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick commercial building on a corner with large windows and natural light
- Just under 15,000 sq ft total with approx. 8,000 sq ft showroom space
- Heated warehouse with overhead door and street access
- Interior layout includes 5 offices, 4 bathrooms, break/conference room, front counter space, and IT and storage rooms
- 207 can be used separately with its own entrance, bathroom, office space, and kitchenette
- Major upgrades completed in 2008: plumbing, electrical, roof, HVAC, and windows; roof is membrane; public water and public sewer
Overview
The building is situated on a corner, providing visibility, and is located just inside the Downtown Parking District, offering parking advantages for customers and staff. The subject property is just under 15,000 square feet, with approximately 8,000 square feet of showroom space.
This property is a strong fit for businesses that want warehouse functionality with dedicated office and counter space in the same building, including operations that may benefit from separate suite-style use for 207. The street-access heated warehouse and overhead door support loading and day-to-day logistics, while the showroom and office arrangement can support sales, service, or client-facing functions. An adjacent 26,000 square foot warehouse is listed for sale separately at 215 2nd Ave, which may support expansion needs if desired.
Local Financial Insights For Flex RnD
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 | $225.0k | $15.00 |
| − Vacancy | −$22.5k | −$1.50 |
| EGI | $202.5k | $13.50 |
| − OpEx | −$70.9k | −$4.73 |
| NOI | $131.6k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.303933
- Latitude
- 47.503423
