List Search

501 First Ave N
Great Falls, MT 59401

$355,000 USD

Loft Creative Space Condo For Sale  •  1,672 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 26,616 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 8.30 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
87 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 111 Office 1,672 SF $355,000 USD
  • Unit Size: 1,672 SF
  • Condo Use: Office
  • Price: $355,000 USD
  • Sale Type: Investment
  • Price/SF: $212.32 USD
Description
1,672 sq. ft. Commercial Condo unit with 1,372 sq. ft. main floor and 300 sq. ft. loft. Unit has many upgrades including: fully renovated 2023-2024 including new windows, conference room, custom shelving, and new roof. The unit has new HVAC furnace, private bathroom, and wet bar in the unit. Enjoy the space as a passive investment, or a Live-Work space that convienient to everything downtown and has exceptional views of the courthouse. Take the next step towards your own retail book-of-business storefront, or worry-free investment. Showing by appointment only.

Sale Notes
3 year lease (term 2027) with 2 year renewal option.

Highlights

High Foot Traffic
Fire Sprinklers
Concrete Columns, Beams, & Floors

Financial Summary

Cap Rate: 8.30 %
Total Expenses: $7,877 USD

Major Tenants

Tenant SF Occupied Lease End Date
Clearwater Credit Union 1,672 SF 6/30/2027
Crooked Tree Coffee & Cakes 1,468 SF 8/31/2026
Fire Artisan Pizza 2,145 SF 11/30/2034

Public Transportation

AirportDriveWalkDistance
Great Falls International 33 min - 9.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Brendan Whitcomb 406-750-8052 Brendan Whitcomb
Brendan Whitcomb 406-750-8052 Brendan Whitcomb