Retail-Plus Apartment
302/304 2nd Avenue W Kalispell, MT 59901
302/304 2nd Avenue W, Kalispell, MT, 59901
$1,500,000
For Sale
$1,500,000
Open-span ground floor retail space with storage basement and three apartments with private entrances on a corner lot.
Property Size12,000 SF
Price / SF$125
Days on Market8
Property Features for 302/304 2nd Avenue W
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Northwest Montana
(406) 249-8345
Listed by
Ted Dykstra Jr · License #RRE-BRO-LIC-10713
(406) 249-8345
Source
Missionvalleyproperties
Added: Jul 15 Updated: Jul 16 at 1:51AM Checked: Jul 22 at 6:46AM
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 Keller Williams Realty Northwest Montana
Investment Insights
Based on property information with market context.
A 12,000 sq ft commercial building that combines open-span ground floor retail potential with residential income above. The basement is storage only. Upstairs features three apartments with private entrances, including two studio units and one 3-bedroom, 1-bath owners’ unit. The property has been tastefully remodeled and updated, and the current tenants are positioned to remain.
Set on a corner lot with both on- and off-street parking, the building is across the street from Black Rifle Coffee and the Downtown Post Office. The immediate area includes nearby dining and services, and the property also benefits from an alley shipping and receiving door plus overnight parking for tenants.
The sale includes the real estate only; any business is not included. A storefront-oriented ground floor and separate apartment access make this layout well suited for mixed-use occupancy and continued rental operations.
Set on a corner lot with both on- and off-street parking, the building is across the street from Black Rifle Coffee and the Downtown Post Office. The immediate area includes nearby dining and services, and the property also benefits from an alley shipping and receiving door plus overnight parking for tenants.
The sale includes the real estate only; any business is not included. A storefront-oriented ground floor and separate apartment access make this layout well suited for mixed-use occupancy and continued rental operations.
Key Highlights
- 12,000 SF Kalispell commercial building on a corner lot across from Black Rifle Coffee and the Downtown Post Office
- Open‑span ground floor retail with ideas for ground floor retail space; basement is storage only
- 3 apartments upstairs with private entrances: two studios plus a 3‑bed, 1‑bath owners’ unit
Local Financial Insights For Multifamily LT 5
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 | $180.0k | $15.00 |
| − Vacancy | −$8.1k | −$0.68 |
| EGI | $171.9k | $14.33 |
| − OpEx | −$51.6k | −$4.30 |
| NOI | $120.3k | $10.03 |
12,000 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,226 @ 7.0% cap · market cap 11.35%
Second Best
Multifamily LT 5
$1.72M
$1.50M – $2.01M
NOI $120,330 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$2.68M
$2.34M – $3.13M
NOI $187,546 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Open-span ground floor retail space with storage basement and three apartments with private entrances on a corner lot.
Where is this triplex located?
The property is located at 302/304 2nd Avenue W Kalispell, MT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,000 SF Kalispell commercial building on a corner lot across from Black Rifle Coffee and the Downtown Post Office; Open‑span ground floor retail with ideas for ground floor retail space; basement is storage only; 3 apartments upstairs with private entrances: two studios plus a 3‑bed, 1‑bath owners’ unit
