Mixed-Use Building with Remodeled Retail
1282 US Hwy 2, Kalispell, MT 59901
For Sale
$1,299,000
CommercialSale, Kalispell, MT
Property Size6,568 SF
Lot Size0.56 Acres
Price / SF$197.78
Days on Market303
Property Features for 1282 US Hwy 2
General Information
Property type
Property subtype
Zoning
Zoning description
Parking
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Buildings
Listing Agency:
PureWest Real Estate Kal/Commercial
(406) 751-4330
Listed By:
David G Stone · License #RRE-BRO-LIC-12188
(406) 250-7249
Added: Jan 9
Changed: Nov 2
Last Checked: Nov 7 at 12:06AM
MLS# 30063551
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,568-square-foot mixed-use building combines ground-floor commercial space with five apartments upstairs. The 3,348-square-foot commercial area has been remodeled and is suited for food service or retail. The apartment mix comprises four one-bedroom units and one three-bedroom unit; all five were remodeled within the past several years and are occupied. The building dates to 1977 and has a new roof on the main structure and residential carport. Construction includes block and wood frame, with tile, laminate, and carpet flooring. Heating includes natural gas, forced air, electric, and ductless systems; cooling includes central air, ductless, and wall units.
The property occupies 0.56 acres at 1282 US Hwy 2 in Kalispell, just off Hwy 2 E. Dedicated front parking and an additional lot serve the residential and commercial uses. Public water and sewer are connected.
The property occupies 0.56 acres at 1282 US Hwy 2 in Kalispell, just off Hwy 2 E. Dedicated front parking and an additional lot serve the residential and commercial uses. Public water and sewer are connected.
Key Highlights
- 6,568‑square‑foot mixed‑use building on 0.56 acres
- 3,348‑square‑foot remodeled ground‑floor commercial area suited for food service or retail
- Five occupied apartments: four one‑bedroom units and one three‑bedroom unit
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
100%
Occupancy
Yes
Highway 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 - Five occupied apartments sit above a commercial area suited to food service or retail, with parking serving both uses.
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: 6,568‑square‑foot mixed‑use building on 0.56 acres; 3,348‑square‑foot remodeled ground‑floor commercial area suited for food service or retail; Five occupied apartments: four one‑bedroom units and one three‑bedroom unit
