221 5Th AveHelena, MT 59601

Property Details for 221 5Th Ave

Year built

1890

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,423 SF

Property type

Investment properties

Property subtype

Live-work space

APN

05-1888-31-2-46-11-0000

APU

5188831246110000

Description

This exceptional mixed-use property, located at 221 5th Avenue in Helena, Montana, presents a unique investment opportunity. Situated on a 6,011 square foot lot at the corner of 5th Avenue and Ewing, in the heart of Helena's Historic District, this 1,500 square foot building enjoys a prime location adjacent to the Lewis & Clark County Courthouse. Currently operating as a law firm for the past 22 years, the property boasts 100% occupancy and offers significant potential for continued success in its current configuration or adaptive reuse. Built in 1875, the building retains many of its original features, including a welcoming foyer with an original brass transom, beautiful interior woodwork, Victorian wallpaper, vintage parlor doors, a sunny bay window, and antique hardware throughout. Modern amenities include a sprinkler system and central air conditioning. The exterior features a wrap-around white vinyl fence with an archway. The property's convenient location offers easy access to the Myrna Loy Center and all the amenities of downtown Helena. With a few modifications, this property could easily be converted into a single-family home. This is a rare chance to own a piece of Helena's rich history. Asking price is $489,900.

• CAP approach

  CAP return

  Valuation

  6%

  $254,483

  6.5%

  $234,907

  7%

  $218,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,398

  Geo Method

  $303,398

• Alternative Use

  Use

  Valuation

  Residential

  $291,285

  Hospitality

  $266,815

  Educational

  $221,987

  Medical

  $229,622

  Retail

  $345,314

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.5869

Longitude

-112.036

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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