2525 Colonial DriveHelena, MT 59601

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.

Property Information

Property type

Commercial Sale

Sub-type

Condominium

Structure type

Office

Year built

1985

Building area

19,791 Sq Ft

Lot size

2.20 acres

Parking spaces

118

Zoning

Office

Days on market

143

MLS^® Listing#

30072400

Property Features

Interior

Elevator

Cooling

Central Air

Heating

Natural Gas · Forced Air

Lot features

Sloped

Foundation

Slab

Roof

Asphalt

Security

Fire Sprinkler System · Security System · Fire Alarm

Sewer

Public Sewer

Financial Details

Annual taxes

$69,714Tax year 2025

Parcel number

05188833208077000

Directions

From the Fee / 11th ave intersection head east on 11th and the property will be on your right. GPS '2525 Colonial' is great too.