252 Mill Rd Helena, MT 59602
- Retail properties
- 5,400 SF
- 3.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 252 Mill Rd
- Year built
- 1975
- Lot size
- 3.98 lot acres
- Property size
- 5,400 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This 3.98-acre property, formerly Valley Farms, presents a unique value-add opportunity in Helena, Montana. The site includes six buildings totaling 5,400 square feet of building space and 23,760 square feet of greenhouse space, situated on a large lot with room for expansion. Currently, three buildings are leased, generating a net operating income (NOI) of $10,000 annually, which covers annual property taxes. The property features 35 parking spaces and two gas pumps. Recent renovations include brand new greenhouse roofs installed in 2024. The property is zoned under Special Zoning District #51 and offers a single tenancy with a lease expiring January 31, 2026 (1.2 years remaining). The asking price is $599,000, representing a compelling investment for an owner-user seeking to establish a new business or revitalize an existing one. The property's location between Green Meadow and North Montana Avenue provides convenient access to Helena's amenities. The existing infrastructure provides a solid foundation for a new venture. This is a fee simple ownership with no ground lease. Built between 1975 and 2015, the property includes one-story buildings. The property's occupancy rate is currently 33%. Two wells are also located on the property. The APN is 0000025110.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Helena
- County
- Lewis and Clark
- State
- Montana
- Longitude
- -112.045
- Latitude
- 46.6462
