Downtown Great Falls Mixed-Use
16 6th Street S, Great Falls, MT 59401
Classic 1945 building perfect for boutique, restaurant, retail, or office.
Type:Mixed Use
Property size:
1,800 SFPrice / SF:
$261/SF- Added:
- Sep 23, 2023
- Days on Market:
- 985
- Last Refresh:
- May 12 at 10:53 pm
Property Features for 16 6th Street S
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1945
Listing agent Jennifer Newmack License #RRE-RBS-LIC-71815
Listing office Dascoulias Realty Group
Listing date Sep 23, 2023
Source Crexi
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 Dascoulias Realty Group
HighLights
- Prime commercial space suitable for various business types.
- Includes a dedicated parking lot with 10 spaces.
- Features modern updates: new roof (4/24), new HVAC, and 3‑phase electric.
- Boasts 1,800 sq ft of bright, open space with 2 ADA bathrooms.
- Includes a glass 'garage style' door to enhance street presence and customer engagement.
- Features trendy exposed metal ductwork and central AC.
Overview
This 1,800 sq ft building, constructed in 1945, offers an open space suitable for various business ventures. Located in downtown Great Falls, it is characterized by its historic brick charm and modern updates. The property includes two ADA-compliant bathrooms and a parking lot with 10 spaces. Modern features include exposed metal ductwork for the central AC and a glass garage-style door, suitable for sidewalk sales or outdoor seating. The building is equipped with a new roof (installed in April 2024), new HVAC, and 3-phase electric. The property is suitable for a boutique, restaurant, bar, salon, retail space, office, flower shop, or coffee shop.
Local Financial Insights For Specialty 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 | $34.1k | $18.96 |
| − Vacancy | −$1.4k | −$0.80 |
| EGI | $32.7k | $18.16 |
| − OpEx | −$8.2k | −$4.54 |
| NOI | $24.5k | $13.62 |
1,800 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$350.3K
$306.5K – $408.7K
NOI $24,521 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$281.4K
$246.2K – $328.3K
NOI $19,698 @ 7.0% cap · market cap 4.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Hempl's Bakery
Bakery
Location Insight
- Map
- Local Demand
- City
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.2975111
- Latitude
- 47.5045372
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Classic 1945 building perfect for boutique, restaurant, retail, or office.
Where is this mixed-use property located?
The property is located at 16 6th Street S Great Falls, MT.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Prime commercial space suitable for various business types.; Includes a dedicated parking lot with 10 spaces.; Features modern updates: **new roof (4/24), new HVAC, and 3‑phase electric**.
