250 Mill RdHelena, MT 59602

Property Details for 250 Mill Rd

Year built

1981

Construction

WOOD

Lot size

3.99 AC

Property size (Sq ft)

1,088 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

05-1887-01-4-01-05-0000

APU

5188701401050000

Description

This exceptional Lewis and Clark County property at 250 Mill Road offers a unique blend of traditional office space and expansive agricultural potential. The main office building comprises 4,320 square feet, situated on a substantial 173,717 square foot lot. The property is zoned Agricultural and features a single-tenant occupancy. The building includes 15 parking spaces for convenient access. The true highlight, however, lies in the five available greenhouses, each measuring 4,320 square feet. Each greenhouse is equipped with an irrigation system, shelving, a gas furnace, and a brand new roof. An additional acre of yard space is also available, offering flexibility in lease terms and space utilization. The property boasts a deep commercial well providing high-quality water, a significant advantage for agricultural operations. This presents a rare opportunity to lease a fully equipped and established agricultural space, minimizing initial capital investment while maximizing potential returns. The previous owner successfully operated the business for 45 years, demonstrating the property's viability. The property's APN is 05188701401050000. This is an ideal location for a variety of agricultural ventures, from growing starter plants and herbs to cultivating microgreens. The lease offers flexibility, reduced responsibility, and a potential path to ownership after a successful period. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $286,022

  6.5%

  $264,020

  7%

  $245,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,571

  Geo Method

  $584,571

• Alternative Use

  Use

  Valuation

  Residential

  $222,711

  Hospitality

  $204,002

  Educational

  $169,727

  Medical

  $175,565

  Retail

  $264,020

Location Insight

City

Helena

County

Lewis And Clark

State

Montana

Latitude

46.6466

Longitude

-112.045

CBSA code

25740

CBSA name

HELENA, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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