101 Central AveGreat Falls, MT 59401

Property Details for 101 Central Ave

Year built

1895

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

15,000 SF

Property type

Office buildings

APN

02-3015-12-2-18-01-0000

APU

2301512218010000

Description

This exceptional Class A commercial property, located at 101 Central Avenue in Great Falls, Montana, presents a unique investment opportunity. Originally constructed in 1890 as a bank, this two-story building boasts 15,000 square feet of space and features several intact vaults. Substantially renovated in 1954, the building, formerly known as the Montana Power Building, is situated on a 0.17-acre lot and benefits from four distinct street addresses with individual access points. The ground floor is easily divisible into four separate commercial units, ideal for retail or office tenants. The second floor offers ample space for the development of approximately seven sizable apartments. This prime location within Great Falls' Central Business Historic District offers significant advantages, including its designation within an Opportunity Zone, Tax Increment Financing (TIF) District, and Business Improvement District (BID). All major utilities are connected, including electricity, natural gas, sewer, water, cable, and internet. The permitted zoning is commercial, allowing for diverse uses. The property is offered fee simple and is currently vacant, providing immediate occupancy for a new owner. This building has been highlighted in the Great Falls Downtown Visioning project as a key development opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,755,647

  6.5%

  $2,543,674

  7%

  $2,361,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,198,150

  Geo Method

  $3,198,150

• Alternative Use

  Use

  Valuation

  Residential

  $3,154,156

  Hospitality

  $2,889,190

  Educational

  $2,403,772

  Medical

  $2,486,442

  Retail

  $3,739,201

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5057

Longitude

-111.306

CBSA code

24500

CBSA name

GREAT FALLS, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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