Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    317 Central Ave Whitefish, MT 59937

    Sponsored
    For Sale
    $12,000,000

    Downtown Whitefish, 17,724 sq ft, High Returns

    Property size:
    17,724 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    356
    This exceptional 17,724 square foot mixed-use building, constructed in 2020 by Compass Construction, represents a unique investment opportunity in the heart of Whitefish, Montana. Situated on a 0.15-acre lot on the desirable 300 block of Central Avenue, this property benefits from its prime location within a thriving, newly developed area of the downtown core. The building's versatile design includes two ground-floor commercial retail spaces, ideal for a variety of businesses seeking high visibility and foot traffic. Upstairs, four well-appointed office spaces offer flexible layouts suitable for professional services or corporate tenants. Adding to the property's income potential are four residential rental units on the third floor, designed for nightly or weekly rentals, catering to the robust tourism market in Whitefish. This property offers a compelling blend of commercial and residential income streams, making it an attractive investment for those seeking a diversified portfolio. The building's modern construction and prime location ensure strong potential for long-term appreciation and consistent cash flow. This is a rare opportunity to acquire a substantial, high-performing asset in one of Montana's most desirable resort towns. The property's size and diverse income streams make it a truly exceptional investment prospect. The asking price is $12,000,000.

    Property Features for 317 Central Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,724 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    2020

    We can help!

    Listing Contact
    Megan Warren

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Trovare - A Culinary Adventure Kitchen Supply Store Montana Work Comp ... Personal Injury Attorney Antonella LoPresti Caterer FORLOH Outdoor Clothing And Equipment Shop Sammy Bakes Bakery

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitefish
    County
    Flathead
    State
    Montana
    Longitude
    -114.3362
    Latitude
    48.40905

    Nearby Similar for Sale

    • $1,100,000
      0.01 Acres

      Downtown Whitefish Commercial Condo

      Versatile commercial condo in downtown Whitefish, Montana.
      206 Lupfer Ave, Whitefish, MT 59937
      View Details
    • $13,500,000
      0.22 Acres

      Iconic Whitefish Commercial Landmark

      Prime commercial property with diverse revenue streams in Whitefish, Montana.
      130 Central Ave, Whitefish, MT 59937
      View Details
    • $1,184,000

      Whitefish Townhome with Mountain Views

      Modern townhome in Whitefish with private rooftop patio and views.
      713 W 2Nd St W, Whitefish, MT 59937
      View Details
    • $1,450,000
      2,096 SF

      Remodeled Townhouse with Rental Potential

      Three-level Whitefish townhouse with rental unit and lake access.
      1922 Sun Crest Dr, Whitefish, MT 59937
      View Details
    • $1,600,000
      3 SF

      Whitefish Commercial Building For Sale

      3,200 SF commercial building in high-traffic Whitefish location.
      6470 Us Highway 93 S Whitefish, Whitefish, MT 59937
      View Details
    • $1,750,000
      2,672 SF

      Ski-In/Ski-Out Condo in Whitefish

      Recently built, fully furnished 3-bedroom condo with ski-in/ski-out access.
      3827 Alpine Glow Ave, Whitefish, MT 59937
      View Details
    • $4,995,000
      17 SF

      Whitefish Medical/General Office Building

      Large medical and general office building in Whitefish, Montana.
      711 13Th St E Whitefish, Whitefish, MT 59937
      View Details
    • $2,375,000
      3,720 SF

      Whitefish Townhomes Zoned Nightly/Weekly

      Two townhomes in Whitefish, MT, zoned for nightly/weekly rentals.
      59 Crestwood Dr #A, Whitefish, MT 59937
      View Details
    • $2,440,000

      Whitefish Penthouse Condo with Views

      Luxury penthouse condo in downtown Whitefish, Montana, nightly rental zoned.
      220 E 2Nd St, Whitefish, MT 59937
      View Details
    • $3,450,000
      10 SF

      Whitefish Office Condominium Investment Opportunity

      Two-floor office condominium near downtown Whitefish with long-term tenants.
      100 Whitefish Ave, Whitefish, MT 59937
      View Details
    • $6,750,000
      8 SF

      Whitefish Retail Investment Opportunity

      Established convenience store and gas station near Whitefish Lake and Resort.
      721 Wisconsin Ave, Whitefish, MT 59937
      View Details
    • $2,299,000

      Whitefish Penthouse Condo with Views

      Penthouse condo in downtown Whitefish, Montana, nightly rental zoned.
      220 E 2Nd St, Whitefish, MT 59937
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Downtown Whitefish, 17,724 sq ft, High Returns
    Where is this commercial real estate located?
    The property is located at 317 Central Ave Whitefish, MT.
    What is the asking price?
    The asking price for this property is $12,000,000.
    (406) 755-7700
    Request Owner's contact information
    317 Central Ave Whitefish, MT 59937
    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.
    317 Central Ave
    Whitefish, MT 59937
    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
    317 Central Ave Whitefish, MT 59937
    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

    We can help!
    Listing Contact
    Megan Warren
    (406) 755-7700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.