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    FOR SALE
    Retail space

    201 2Nd Ave S, Great Falls, MT 59405

    15,000 SF 0.34 ac lot Built 1914
    Individually Owned 19-yr Hold
    Property ID
    US52-0098507
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a versatile 14,900 square foot commercial building in the heart of downtown Great Falls, Montana. This property, located at 201 & 207 2nd Avenue South, boasts a high-traffic corner location with exceptional visibility. The building features approximately 8,000 square feet of showroom space with large windows providing ample natural light. The well-designed floor plan includes five separate offices, four bathrooms, a break/conference room, front counter space, an IT room, a copier/office supply room, and several storage rooms. A significant asset is the heated warehouse, encompassing approximately 6,900 square feet, featuring an overhead door and street access, which could also serve as private parking. Completed in 1914, this historic building underwent extensive renovations in 2008, including new plumbing, electrical, roof, HVAC, and windows. From 2008 to 2022, it successfully operated as a furniture, appliance, and electronics store. A portion of the property (207 2nd Avenue South) could function as a separate business, with its own entrance, bathroom, office space, kitchenette, and storage. The 0.34-acre lot is situated within the Downtown Parking District, offering convenient parking advantages. An adjacent warehouse (215 2nd Ave. S, approximately 26,000 sq ft) is available for separate purchase, presenting further expansion possibilities. This property offers immense potential for a variety of commercial uses, capitalizing on the growth and revitalization of downtown Great Falls. Asking price is $2,250,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1914
    Construction WOOD
    Total area 15,000 SF
    Lot 0.34 ac (14,985 SF)
    APN 02-3015-12-2-07-01-0000
    UPID US52-0098507
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Zollie Kelman · 19 yrs held
    Zollie Kelman
    since 2006
    2 recorded transactions
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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