Mixed-Use Building with
For Sale
$1,299,000
1282 Us Hwy 2, Kalispell, MT 59901
Remodeled ground-floor commercial space is configured for food service or retail, with five apartments on the upper level.
Property Size6,568 SF
Price / SF$197.78
Days on Market11
Property Features for 1282 Us Hwy 2
General Information
Standard status
Active
Size
6,568 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
4 x 1-bdrm, 1 x 3-bdrm
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1977
Buildings
1
Listing Agency:
PureWest Real Estate - Kal/Commercial
Listed By:
David G Stone · License #RRE-BRO-LIC-12188
(406) 212-6244
Source:
Beckmansrealestatemt
Added: Oct 21
Changed: Oct 26
Last Checked: Sep 9 at 8:32PM
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 PureWest Real Estate - Kal/Commercial
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Investment Insights
Based on property information with market context.
Built in 1977, this mixed-use building combines 3,348 SF of newly remodeled ground-floor space with five apartments above. The commercial area is suited to food service or retail. The residential mix includes four one-bedroom apartments and one three-bedroom apartment; all five are occupied and have been remodeled within the past several years.
Located at 1282 US Hwy 2 in Kalispell, the property has dedicated parking in front and an additional lot serving both the residential and commercial components. The main structure and residential carport have new roofs. Nearly all critical items identified in a recent inspection have been addressed.
Located at 1282 US Hwy 2 in Kalispell, the property has dedicated parking in front and an additional lot serving both the residential and commercial components. The main structure and residential carport have new roofs. Nearly all critical items identified in a recent inspection have been addressed.
Key Highlights
- 3,348sf of newly remodeled ground‑floor commercial space
- Five occupied apartments: four 1‑bedroom and one 3‑bedroom
- Apartments remodeled within the past several years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,170
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,400
$1.9M
Cap Rate 7%
$1,331,000
$1.3M
Cap Rate 9%
$1,035,222
$1.0M
Market Conditions
NOI Build-Up for 6,568 SF
Gross rent
$137.9K $21.00/SF
− Vacancy
−$4.8K −$0.74/SF
EGI
$133.1K $20.27/SF
− OpEx
−$39.9K −$6.08/SF
NOI
$93.2K $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%
$1,863,400
Cap Rate 7%
$1,331,000
Cap Rate 9%
$1,035,222
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $93,170 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$875.7K
$766.3K – $1.02M
NOI $61,301 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,650 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled ground-floor commercial space is configured for food service or retail, with five apartments on the upper level.
Where is this mixed-use property located?
The property is located at 1282 Us Hwy 2 Kalispell, MT.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 3,348sf of newly remodeled ground‑floor commercial space; Five occupied apartments: four 1‑bedroom and one 3‑bedroom; Apartments remodeled within the past several years
