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    FOR SALE
    Assisted living facilities

    1109 6Th Ave N, Great Falls, MT 59401

    68,075 SF 1.26 ac lot Built 1929
    Entity Owned 5-yr Hold Absentee Owner
    Property ID
    US52-0117053
    1109 6Th Ave N, Great Falls, MT 59401 For Sale
    $1,600,000 68,075 SF
    1109 6Th Ave N, Great Falls, MT 59401
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    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 1109 6th Avenue N in Great Falls, Montana, presents a compelling redevelopment opportunity. The 68,925 square foot building sits on a 1.265-acre lot (55,103 sq ft), offering significant potential. Originally constructed in 1929 and remodeled in 1985 with steel studs throughout, the property boasts recent updates (2021-present), including some new windows and a security system with motion sensors. The building features 10-16 foot wall heights, a paved off-street parking lot with security fencing, a commercial kitchen, and two elevators (one requiring a complete upgrade, the other needing belt replacement). Cable is available to all rooms, and ADA-compliant doorways are present. The property is zoned R-6 Multi-Family High Density; however, buyers are advised to verify its intended use with the City of Great Falls. Detailed documentation is available, including Phase I & II environmental reports, a sprinkler bid, historic property records, and architectural drawings for over 80 living units. While structurally sound, some mold remediation is needed, and there is offensive graffiti from vandalism on the premises. Health-sensitive individuals should exercise caution. 2023 property taxes were $6,985.26. The property is being sold "As-Is, Where-Is," and all offers will be considered. This is a unique chance to acquire a substantial property in a desirable location.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 1929
    Construction WOOD
    Total area 68,075 SF
    Lot 1.26 ac (55,103 SF)
    APN 02-3015-01-4-26-01-0000
    UPID US52-0117053
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cambridge Court Assisted Living Nursing Home Retirement Community
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Madison Apartments LLC · 5 yrs held
    Madison Apartments LLC
    since 2021
    5 recorded transactions
    2021
    2015
    2015
    2014
    $1.6M
    2013
    $1.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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