2525 Colonial DR, Helena, MT 59601
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2525 Colonial DR, Helena, MT 59601
2525 Colonial DR, Helena, MT 59601
2525 Colonial DR, Helena, MT 59601
2525 Colonial DR, Helena, MT 59601
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Katie McNamara

Katie McNamara

+1(406) 880-2800
$ 3,250,000
Est. payment /mo
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2525 Colonial DR Helena, MT 59601

19,791 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 19,791 sqft

Price per Sqft $164

MLS Listing ID 30072400

HOA Y/N No

Year Built 1985

Annual Tax Amount $69,714

Tax Year 2025

Lot Size 2.199 Acres

Acres 2.199

Property Sub-Type Condominium

Property Description

2525 Colonial Drive - a 19,791 square foot office investment property with excess land. The property is located adjacent to St. Peter's Health and near the I-15 interchange. The site, made of two parcels, measures approx. 2.2 acres, and has 118 existing parking spaces. The building has two levels connected by an elevator, with each level offering ground-floor ADA access. It features a 1200-amp, 3-phase electrical service, a 60 kW backup generator, and a full fire suppression system.
The upper floor is fully occupied by an existing tenant, providing stable in-place income. The lower level is demised into two separate units, allowing for diversified tenancy; one unit is currently leased while the other remains vacant, offering immediate upside for an owner-user or investor through lease-up or potential owner occupancy. The property is currently performing at a 5.35% cap rate, with a pro forma cap rate of 8.08% upon lease-up. In addition, the investment offers flexibility - the seller has a condo declaration prepared and ready to sign from this year, which would enable units to be sold off individually. Second, the excess land can also be sold, held, or developed.

Location

State MT

County Lewis And Clark

Zoning Office

Interior

Interior Features InteriorFeatures

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Exterior

Roof Type Asphalt

Topography Sloping

Total Parking Spaces 118

Garage No

Building

Dwelling Type Office

Foundation Slab

Sewer Public Sewer

Others

Tax ID 05188833208077000

Security Features Fire Sprinkler System,Security System,Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Coldwell Banker Commercial Green & Green

NEARBY SCHOOLS & PROPERTIES

Katie McNamara

Katie McNamara

Agent | License ID: RRE-RBS-LIC-98240051

+1(406) 880-2800

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2525 Colonial DR