Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Building with Food Service Title is generated by Realmo AI

    1282 US Hwy 2, Kalispell, MT 59901

    View on Map
    Claim this Listing
    For Sale
    $1,399,000

    SINGLE_FAMILY - Kalispell, MT

    Type:Retail
    Property size:
    3,348 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $417/SF
    Added:
    Jan 9, 2026
    Days on Market:
    147
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 1282 US Hwy 2

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Business
    Parking
    22
    Standard status
    Active
    APN
    07396604308240000
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S04, T28N, R21W, COS 13123-1, TR 6B IN SW4SE4SW4
    Tax Annual Amount
    7041

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Electric (Heating), Natural Gas, Forced Air
    Cooling system
    Wall Unit(s), Ductless, Central Air
    Water source
    Public

    Building Details

    Year built
    1977
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block, WoodFrame

    We can help!

    Listing Contact
    David G Stone
    David G Stone

    Listing agent David G Stone License #RRE-BRO-LIC-12188

    Listing office PureWest Real Estate - Kal/Commercial 1204 1st Ave E, Kalispell, MT

    Listing date Jan 9, 2026

    MLS# 30063551

    Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use building built in 1977 with public water and public sewer
    • Ground floor offers 3,348 SF of newly remodeled space suited for food service/retail
    • Upper floor has 5 fully occupied apartments: four 1‑bedroom units and one 3‑bedroom unit (all remodeled within past several years)
    • Dedicated front parking plus an ample parking lot serving residential and commercial uses
    • New roof on the main structure and a residential carport
    • Utilities and systems include natural gas forced air heat, central air plus wall/ductless cooling options, and flooring of laminate, carpet, and tile

    Overview

    This mixed-use property combines a newly remodeled ground-floor space with five residential units on the upper level. The commercial level offers 3,348 square feet of food service/retail space designed for day-to-day operations. Above, there are five fully occupied apartments, including four 1-bedroom units and one 3-bedroom unit, all remodeled within the past several years. The building has been maintained with a new roof on the main structure and a residential carport, and nearly all items identified in a recent inspection were addressed by the current and previous owners.

    Located just off Hwy 2 E in Kalispell, the property is positioned for visibility along a major corridor. A dedicated front parking area plus an ample parking lot support both residential and commercial use.

    For tenants and buyers, the layout provides flexibility: a food service or retail operator can use the ground floor while the upper apartments remain in place for residential leasing. The configuration may also appeal to owner-occupants looking to control the commercial space while maintaining dedicated residential units within the same building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalispell
    County
    Flathead
    State
    Montana
    Longitude
    -114.2824786
    Latitude
    48.2117615

    Nearby Similar for Sale

    • $767,315
      3,841 SF

      Versatile Commercial Building in Kalispell

      Well-maintained 3,841 SF commercial building on corner lot.
      647 6th Avenue E, Kalispell, MT 59901
      View Details
    • $2,850,000
      6,000 SF

      Kalispell Commercial Condo Investment

      Long-term NNN lease with established orthodontic clinic.
      1256 North Meridian Road, Kalispell, MT 59901
      View Details
    • $1,700,000
      12,000 SF

      Kalispell Mixed-Use Building For Sale

      Commercial building with retail space and apartments in Kalispell, Montana.
      302/304 2nd Avenue W, Kalispell, MT 59901
      View Details
    • $550,000

      Kalispell Commercial Opportunity on Highway

      Commercial property along Highway 200 E in Kalispell, Montana.
      1001 Us Hwy 2 E, Kalispell, MT 59901
      View Details
    • $1,250,000
      3,100 SF

      Montana Retreat with Shop/Apartment

      Spacious home with shop/apartment on 5 fenced acres.
      133 Fox View Trail, Kalispell, MT 59901
      View Details
    • $950,000
      2,432 SF

      Kalispell Income-Producing Commercial Property

      2.26-acre property with storage units and single-family residence.
      3890 Hwy 2 E, Kalispell, MT 59901
      View Details
    • $1,995,000

      Versatile Commercial Property in Kalispell

      3.02-acre commercial property with industrial and retail potential.
      2549 US Hwy 2 E, Kalispell, MT 59901
      View Details
    • $1,150,000
      3,524 SF

      Modern Kalispell Townhomes - Investment Potential

      Two attached modern townhomes with income-producing or multigenerational living potential.
      532 & 534 E Evergreen Drive, Kalispell, MT 59901
      View Details
    • $767,315
      3,841 SF

      Commercial Building in Kalispell, MT

      Well-maintained commercial building on a corner lot in Kalispell.
      647 6th Avenue E, Kalispell, MT 59901
      View Details
    • $3,129,000
      14,000 SF

      Fully Leased Retail & Office Building

      Restored retail and office building with a fully leased tenant mix and modern updates for durable downtown operations.
      141 S Main Street, Kalispell, MT 59901
      View Details
    • $595,000
      1,950 SF

      Kalispell Duplex: Two Separate Homes

      Unique duplex in Kalispell with two separate structures.
      117 3rd Avenue E, Kalispell, MT 59901
      View Details
    • $2,100,000

      Apartment Building with On-Site Laundry

      For sale apartment building offering 20 units, including studios and 1- and 2-bedroom layouts, plus on-site laundry.
      1263 Us Highway 2 E, Kalispell, MT 59901
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey mixed-use building with remodeled ground-floor food service/retail and five remodeled apartments above.
    Where is this apartment building located?
    The property is located at 1282 US Hwy 2 Kalispell, MT.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Mixed‑use building built in 1977 with public water and public sewer; Ground floor offers 3,348 SF of newly remodeled space suited for food service/retail; Upper floor has 5 fully occupied apartments: four 1‑bedroom units and one 3‑bedroom unit (all remodeled within past several years)
    (406) 250-7249
    We can help!
    Listing Contact
    David G Stone
    David G Stone
    Real Estate License ID: RRE-BRO-LIC-12188
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1282 US Hwy 2, Kalispell, MT 59901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!