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    113 Central Ave Great Falls, MT 59401

    Sponsored
    For Sale
    $329,000

    Prime location, 8,073 sq ft, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, situated at 113 Central Avenue in the heart of Great Falls, Montana, presents a unique investment opportunity. Built in 1890, this three-story building offers a substantial 8,073 square feet of space on a 3,746 square foot lot. The main floor encompasses approximately 3,300 square feet of open space, featuring newly installed flooring and convenient alley access in the rear. The second floor provides multiple rooms, adaptable for office space or storage, offering significant versatility. The third floor includes a large apartment, currently undergoing initial improvements. A freight elevator services all three floors, enhancing functionality and accessibility. This property is located within a designated Opportunity Zone, adding further investment appeal. The building's historic character blends seamlessly with its modern potential, making it ideal for a business seeking residential components or a developer looking to capitalize on its unique features and prime downtown location in the 59401 zip code. The property's size and layout offer endless possibilities for creative adaptation and redevelopment.

    Property Features for 113 Central Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1890

    HighLights

    • Asking price: $329,000
    • Mixed‑use property built in 1890
    • 8,073 square feet
    • Located in Great Falls, MT, in a designated Opportunity Zone
    • Main floor features approximately 3,300 square feet of open space with new flooring and alley access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Cascade
    State
    Montana
    Longitude
    -111.3051692
    Latitude
    47.5056202

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, 8,073 sq ft, high potential.
    Where is this mixed-use property located?
    The property is located at 113 Central Ave Great Falls, MT.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Asking price: $329,000; Mixed-use property built in 1890; 8,073 square feet
    (406) 750-0276
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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
    113 Central Ave Great Falls, MT 59401
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