Open-Span Retail and Apartment
302 /304 2nd Ave W Kalispell, MT 59901
New
302 /304 2nd Ave W, Kalispell, MT, 59901
$1,500,000
For Sale
$1,500,000
Open-span ground floor retail with basement storage and three upstairs apartments with private entrances.
Property Size12,000 SF
Price / SF$125
Days on Market2
Property Features for 302 /304 2nd Ave W
General Information
- Standard status
- Active
- Size
- 12,000 SF
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
Source
Performance-realestate
Added: Jul 21 Updated: Jul 22 at 9:12AM Checked: Jul 22 at 9:12AM
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.
This mixed-use building features an open-span ground floor designed for retail concepts, with basement space limited to storage. Upstairs includes three apartments with private entrances: two studio units and one 3-bedroom, 1-bath owner’s unit. The property has been tastefully remodeled and updated, and the current tenant setup is described as one that tenants would be happy to continue.
Located on a corner lot with both on- and off-street parking, the building sits across the street from Black Rifle Coffee and the Downtown Post Office. The remarks also note nearby businesses including Sykes Diner and a barber shop, as well as proximity to banks, shopping, and restaurants. An alley shipping and receiving door is included, along with overnight parking for tenants.
The sale is for the real estate only; the business is not included.
Located on a corner lot with both on- and off-street parking, the building sits across the street from Black Rifle Coffee and the Downtown Post Office. The remarks also note nearby businesses including Sykes Diner and a barber shop, as well as proximity to banks, shopping, and restaurants. An alley shipping and receiving door is included, along with overnight parking for tenants.
The sale is for the real estate only; the business is not included.
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 space designed for flexible retail layouts
- Basement is storage only
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
Hockaday Museum of Art
Art Museum
Smith's Carpet Center
Carpet & Flooring Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Open-span ground floor retail with basement storage and three upstairs apartments with private entrances.
Where is this mixed-use property located?
The property is located at 302 /304 2nd Ave 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 space designed for flexible retail layouts; Basement is storage only
