Mixed-Use Live-Work
3012 L Drive Helena, MT 59602
3012 L Drive, Helena, MT, 59602
$1,250,000
For Sale
$1,250,000
Two-building live-work property with retail/office space, a 1-bedroom apartment, and a heated warehouse-shop.
Property Size8,190 SF
Lot Size2.00 Acres
Price / SF$152.63
Days on Market69
Property Features for 3012 L Drive
General Information
- Standard status
- Active
- Size
- 8,190 SF
- Lot size
- 2.00 Acres
Building Details
- Year Built
- 1999
Listing agency
Windermere Great Divide-Bozeman
(406) 580-7029
Listed by
Dina Emmert · License #RRE-BRO-LIC-45433
Source
Purewestrealestate
Added: May 14 Updated: Jul 20 at 6:09PM Checked: Jul 21 at 3:01AM
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 Windermere Great Divide-Bozeman
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes two separate buildings with multiple use possibilities. The main 5,300± SF commercial/residential structure combines retail and office space with a spacious 1-bedroom, 1-bath apartment, offering additional rental income options and live-work flexibility. A second 2,890± SF heated warehouse-shop building provides enclosed space for storage, operations, or light industrial needs.
The property sits at the highly visible intersection of Canyon Ferry Road and Wylie Drive in Helena and is addressed as 3012 L Drive. Outside, it features a large gravel/dirt yard with ample space for parking, equipment storage, contractor use, and fleet or vehicles. Existing leases are in place, providing immediate income potential.
For buyers looking to own or operate a flexible commercial asset, the combination of street-facing retail/office space, onsite residential use, heated warehouse-shop space, and yard area supports a range of mixed-use arrangements on approximately 2+ acres.
The property sits at the highly visible intersection of Canyon Ferry Road and Wylie Drive in Helena and is addressed as 3012 L Drive. Outside, it features a large gravel/dirt yard with ample space for parking, equipment storage, contractor use, and fleet or vehicles. Existing leases are in place, providing immediate income potential.
For buyers looking to own or operate a flexible commercial asset, the combination of street-facing retail/office space, onsite residential use, heated warehouse-shop space, and yard area supports a range of mixed-use arrangements on approximately 2+ acres.
Key Highlights
- Two‑building commercial live‑work property on ~2+ acres at Canyon Ferry Road and Wylie Drive in Helena
- Main 5,300± SF building includes retail and office space plus a 1‑bedroom, 1‑bath apartment
- Second 2,890± SF heated warehouse‑shop building for storage, operations, or light industrial use
Local Financial Insights For Retail
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 | $157.2k | $19.20 |
| − Vacancy | −$4.7k | −$0.58 |
| EGI | $152.5k | $18.62 |
| − OpEx | −$45.8k | −$5.59 |
| NOI | $106.8k | $13.04 |
8,190 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.33M – $1.78M
NOI $106,771 @ 7.0% cap · market cap 8.54%
Second Best
Office B
$1.25M
$1.10M – $1.46M
NOI $87,715 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,540 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Four O Six ...
Construction Company
Healing Center Helena
Alternative Medicine Practice
Big Sky Installations ...
General Contractor
Ace Roofing LLC
Roofing Company
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FAQs
What type of property is this?
Live-work space - Two-building live-work property with retail/office space, a 1-bedroom apartment, and a heated warehouse-shop.
Where is this live-work space located?
The property is located at 3012 L Drive Helena, MT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑building commercial live‑work property on ~2+ acres at Canyon Ferry Road and Wylie Drive in Helena; Main 5,300± SF building includes retail and office space plus a 1‑bedroom, 1‑bath apartment; Second 2,890± SF heated warehouse‑shop building for storage, operations, or light industrial use
