Restaurant and Retail
12 Spokane Avenue Whitefish, MT 59937
12 Spokane Avenue, Whitefish, MT, 59937
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For Sale
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Extensively renovated mixed-use building with a commercial kitchen, flexible seating, a private upstairs office, and covered patio.
Property Size6,130 SF
Price / SF$456.77
Days on Market63
Property Features for 12 Spokane Avenue
General Information
- Standard status
- Active
- Size
- 6,130 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing agency
National Parks Realty - Whitefish
Listed by
Mike Anderson · License #RRE-RBS-LIC-15115
Source
Crexi
Added: May 20 Updated: Jul 21 at 1:08PM Checked: Jul 21 at 1:08PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.7k | $21.00 |
| − Vacancy | −$4.5k | −$0.74 |
| EGI | $124.2k | $20.27 |
| − OpEx | −$37.3k | −$6.08 |
| NOI | $87.0k | $14.19 |
6,130 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bang Bang Thai
Restaurant
Skydive Whitefish
Skydiving Center
Brooklyn Rolls
Grocery & Convenience Store
Eric Reese Fine ...
Shopping Center & Mall
Stumptown Marketplace
Restaurant
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FAQs
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
