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    1919 3Rd St Great Falls, MT 59404

    Sponsored
    For Sale
    $1,550,000

    Prime Great Falls Retail Site, Subdivision Ready

    Property size:
    5,829 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.68-acre commercial property, located at 1919 3rd St NW in Great Falls, Montana, presents a unique investment opportunity. The 5,829 square foot building, formerly Dimitri's Restaurant, is vacant and available for $1,550,000 ($265.91/sq ft). The property boasts a highly desirable C2-General Commercial zoning, allowing for diverse development options. Situated on a prominent pad lot in front of the former Westgate Shopping Center, this location offers unparalleled visibility and accessibility with full turn access from 3rd Street NW. Benefit from its prime position within the highest traffic count area of Great Falls' NW retail corridor, nestled between a Super Walmart and Albertson's Supermarket, and across from AutoZone and City Brew Coffee. Nearby established retailers include North 40 Outfitters, TJ Maxx, ULTA, Staples, Dollar Tree, Ace Hardware, and Sam's Club, along with numerous national and local restaurants. The property's size is ideal for multi-tenant development, and the owner is willing to sell the entire site or subdivide it to meet specific needs. Built in 1973, this single-story, Class C building presents a blank canvas for redevelopment or repurposing. The fee simple ownership provides complete control and potential for significant return on investment.

    Property Features for 1919 3Rd St

    General Information

    Property type
    Restaurants
    Square Feet
    5,829 SF
    Class
    C
    Lot Size
    116,741 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2.68‑acre commercial lot at 1919 3rd St NW, Great Falls, MT.
    • 5,829 SF vacant building, formerly Dimitri's Restaurant, listed at $1,550,000 ($265.91/SF).
    • C2‑General Commercial zoning allows diverse development options.
    • High‑visibility pad site with full access from 3rd St NW, in Great Falls' highest traffic NW retail corridor.
    • Located between Walmart & Albertsons, near other national retailers including TJ Maxx, Ulta, and Sam's Club.
    • Owner will sell entire site or subdivide.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.3033562
    Latitude
    47.5239522

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    FAQs

    What type of property is this?
    Restaurant - Prime Great Falls Retail Site, Subdivision Ready
    Where is this restaurant located?
    The property is located at 1919 3Rd St Great Falls, MT.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: 2.68-acre commercial lot at 1919 3rd St NW, Great Falls, MT.; 5,829 SF vacant building, formerly Dimitri's Restaurant, listed at $1,550,000 ($265.91/SF).; C2-General Commercial zoning allows diverse development options.
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    Realmo Value Estimation

    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.

    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.

    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
    1919 3Rd St Great Falls, MT 59404
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