Mixed-Use Building with Finished
11 Main, Kalispell, MT 59901
For Sale
$2,793,000
Alley access and rear parking complement its position in Kalispell’s downtown core.
Property Size21,000 SF
Price / SF$133
Days on Market17
Property Features for 11 Main
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
private restrooms
finished basement
alley access
mountain and city views
Garage: Additional Parking
Additional Parking
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Mountain Properties
Listed By:
Corey R Olofson · License #13789
(406) 253-0531
Source:
Clearwaterproperties
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 9:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Mountain Properties
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Investment Insights
Based on property information with market context.
This 21,000-square-foot mixed-use property at 11 Main Street was built in 1924 and includes large open interior areas, a finished basement, and private restrooms. The building has B-4 commercial zoning, and a 6-inch water line has been brought inside to support a future fire sprinkler installation. Retail, hospitality, entertainment, restaurant, office, mixed-use, and redevelopment concepts are identified as possible directions for the property.
The property is in downtown Kalispell, near shopping, dining, and professional services. It has alley access and 10 dedicated parking spaces behind the building. An adjacent building is also being offered for sale.
The property is in downtown Kalispell, near shopping, dining, and professional services. It has alley access and 10 dedicated parking spaces behind the building. An adjacent building is also being offered for sale.
Key Highlights
- Approximately 21,000 square feet in a 1924 building
- B‑4 commercial zoning
- Finished basement, large open interior areas, and private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,050
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,961,000
$3.0M
Cap Rate 7%
$2,115,000
$2.1M
Cap Rate 9%
$1,645,000
$1.6M
Market Conditions
NOI Build-Up for 21,000 SF
Gross rent
$252.0K $12.00/SF
− Vacancy
−$15.1K −$0.72/SF
EGI
$236.9K $11.28/SF
− OpEx
−$88.8K −$4.23/SF
NOI
$148.1K $7.05/SF
Area
Flathead County, MT
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,961,000
Cap Rate 7%
$2,115,000
Cap Rate 9%
$1,645,000
Alternative Uses
Best Use
Retail
$4.26M
$3.72M – $4.96M
NOI $297,896 @ 7.0% cap · market cap 10.67%
Second Best
Mixed Use
$2.12M
$1.85M – $2.47M
NOI $148,050 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,205 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
194k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 34%
Shops & Services 24%
Home Improvements & Furnishings 2%
Smith's
Groceries
35,676 visits/mo
0.3 miles
Super 1 Foods
Groceries
29,600 visits/mo
0.2 miles
Wendy's
Dining
18,599 visits/mo
0.5 miles
Starbucks
Dining
14,085 visits/mo
0.1 miles
Taco Bell
Dining
13,285 visits/mo
0.5 miles
Demographics for 59901, MT
57,900
Population
25,154
Households
2.3
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
468.8 sq mi
ZIP Area
124
Density / Sq Mi
$70,391
Median Household Income
$38,073
Median Earnings
$1,052
Median Rent
$417,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Alley access and rear parking complement its position in Kalispell’s downtown core.
Where is this mixed-use property located?
The property is located at 11 Main Kalispell, MT.
What is the asking price?
The asking price for this property is $2,793,000.
What are key features of this property?
This property features: Approximately 21,000 square feet in a 1924 building; B‑4 commercial zoning; Finished basement, large open interior areas, and private restrooms
