Restaurant and Retail
For Sale
$2,800,000
12 Spokane Avenue, Whitefish, MT 59937
Extensively renovated mixed-use building with a commercial kitchen, flexible seating, a private upstairs office, and covered patio.
Property Size6,130 SF
Days on Market159
Property Features for 12 Spokane Avenue
General Information
Standard status
Active
Size
6,130 SF
Property subtype
Building/Land
Taxes and HOA fees
Annual Taxes
$12,466
Amenities
commercial kitchen
storage
pantry areas
flexible seating space
private upstairs office
covered outdoor patio
Building Details
Building Size
6,130 SF
Year Built
1950
Listing Agency:
National Parks Realty - Whitefish
Listed By:
Michael Anderson · License #RRE-RBS-LIC-15115
(406) 261-9081
Source:
Nationalparksrealty
Added: May 19
Changed: Oct 17
Last Checked: Oct 23 at 2:47PM
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 National Parks Realty - Whitefish
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Investment Insights
Based on property information with market context.
This extensively renovated downtown building combines restaurant and retail use within a flexible mixed-use layout. Interior features include a spacious commercial kitchen, ample storage and pantry areas, and flexible seating space to support a variety of service and merchandising concepts. There is also a private upstairs office for back-of-house administration.
A covered outdoor patio is located off the alley, adding an additional customer-facing area. The property is located at 12 Spokane Avenue in Whitefish, Montana, in the heart of downtown.
A covered outdoor patio is located off the alley, adding an additional customer-facing area. The property is located at 12 Spokane Avenue in Whitefish, Montana, in the heart of downtown.
Key Highlights
- Extensively renovated mixed‑use building built in 1950 with downtown Whitefish setting
- Former Stumptown Marketplace with both retail and restaurant use
- Spacious commercial kitchen plus ample storage and pantry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,957
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,140
$1.7M
Cap Rate 7%
$1,242,243
$1.2M
Cap Rate 9%
$966,189
$966.2K
Market Conditions
NOI Build-Up for 6,130 SF
Gross rent
$128.7K $21.00/SF
− Vacancy
−$4.5K −$0.74/SF
EGI
$124.2K $20.27/SF
− OpEx
−$37.3K −$6.08/SF
NOI
$87.0K $14.19/SF
Area
Flathead County, MT
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,140
Cap Rate 7%
$1,242,243
Cap Rate 9%
$966,189
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $86,957 @ 7.0% cap · market cap 3.11%
Second Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,554 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,805 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 41%
Shops & Services 10%
MacKenzie River Pizza Co.
Dining
10,140 visits/mo
0.1 miles
Markus Community Market
Groceries
8,723 visits/mo
0.1 miles
First Interstate Bank
Shops & Services
2,167 visits/mo
0.2 miles
Demographics for 59937, MT
14,354
Population
8,744
Households
1.6
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
310.5 sq mi
ZIP Area
46
Density / Sq Mi
$75,512
Median Household Income
$43,105
Median Earnings
$1,335
Median Rent
$654,800
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Extensively renovated mixed-use building with a commercial kitchen, flexible seating, a private upstairs office, and covered patio.
Where is this mixed-use property located?
The property is located at 12 Spokane Avenue Whitefish, MT.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Extensively renovated mixed‑use building built in 1950 with downtown Whitefish setting; Former Stumptown Marketplace with both retail and restaurant use; Spacious commercial kitchen plus ample storage and pantry areas
