201 2Nd AveGreat Falls, MT 59405

Property Details for 201 2Nd Ave

Year built

1914

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

15,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

02-3015-12-2-07-01-0000

APU

2301512207010000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,050,800

  6.5%

  $3,739,200

  7%

  $3,472,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,059,338

  Geo Method

  $8,059,338

• Alternative Use

  Use

  Valuation

  Residential

  $3,154,155

  Hospitality

  $2,889,189

  Educational

  $2,403,771

  Medical

  $2,486,441

  Retail

  $3,739,200

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5034

Longitude

-111.304

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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