Mixed-Use Live-Work
For Sale
$1,250,000
3012 L Drive, Helena, MT 59602
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 Market176
Property Features for 3012 L Drive
General Information
Standard status
Active
Size
8,190 SF
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,041
Building Details
Building Size
8,190 SF
Year Built
1999
Listing Agency:
Clearwater Montana Properties
(406) 995-2404
Listed By:
EJ Daws
(406) 589-6247
Source:
Outlaw
Added: Apr 27
Changed: Oct 17
Last Checked: Oct 19 at 5:31AM
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 Clearwater Montana Properties
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,771
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,420
$2.1M
Cap Rate 7%
$1,525,300
$1.5M
Cap Rate 9%
$1,186,344
$1.2M
Market Conditions
NOI Build-Up for 8,190 SF
Gross rent
$157.2K $19.20/SF
− Vacancy
−$4.7K −$0.58/SF
EGI
$152.5K $18.62/SF
− OpEx
−$45.8K −$5.59/SF
NOI
$106.8K $13.04/SF
Area
Lewis and Clark County, MT
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,420
Cap Rate 7%
$1,525,300
Cap Rate 9%
$1,186,344
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 authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 59602, MT
29,390
Population
12,091
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
524.3 sq mi
ZIP Area
56
Density / Sq Mi
$87,841
Median Household Income
$49,580
Median Earnings
$1,291
Median Rent
$369,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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
