50 2Nd St E Kalispell Kalispell, MT 59901

This historic mixed-use building, the largest in downtown Kalispell, offers an investment opportunity with stable income and growth potential. The property features approximately 80,000 square feet and 75 leasable units. It is currently fully leased to 59 tenants. The building houses the Mercantile Steakhouse and KM Bar, both established local businesses. An 8,000+ square foot second-floor space is utilized as an event venue. A luxury 4-bedroom, 5-bathroom apartment with a rooftop bar and patio provides an opportunity for additional rental income. The property includes 45 parking spaces in a private lot. The building is located in the core of downtown Kalispell on the east side of Highway 93/Main Street, between 2nd and 3rd Street, across from City Hall and the Flathead County Library. The property and parking lot occupy the entire east half of the 200 block of 1st Avenue East. The average rent rate is $24 per square foot annually. The property has an elevator and secured access at all entrances. Fiber optic internet is available throughout the building. In 2024, 33 brand new leasable spaces, bathrooms, and a kitchenette were added to the lower level. Additional square footage on the lower level is also available for development. In 2025, a new roof was installed, and 16 of 22 HVAC units were repaired or replaced.