Renovated Condo Near Logan
For Sale
$779,000
1297 Burns, Kalispell, MT 59901
Modern commercial condo ideal for medical or office use.
Property Size2,323 SF
Price / SF$335.34
Days on Market199
Property Features for 1297 Burns
General Information
Standard status
Active
Size
2,323 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,549
Building Details
Year Built
1981
Listing Agency:
Coldwell Banker Mountain Properties
Listed By:
Matthew J Waatti · License #30978
(406) 249-2244
Source:
Clearwaterproperties
Added: Mar 27
Changed: Oct 10
Last Checked: Oct 11 at 7:42AM
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 Coldwell Banker Mountain Properties
Investment Insights
Based on property information with market context.
This newly renovated commercial condo provides a modern and professional space suitable for medical or office purposes. The unit benefits from new heating and cooling systems, including a 2024 HVAC upgrade. The interior features fresh paint, new trim, overhead lighting, countertops, doors, and customer glass doors. The layout includes five offices, four clinic rooms, a kitchenette, two bathrooms, and a server/laundry room. Some original wood detailing is present throughout the space. Furniture, fixtures, and equipment may be available for purchase, and the owner is open to selling fully furnished, excluding personal items. Located next to Logan Health Hospital, the building provides ample parking and street parking. Utilities are managed by the Burns Building owners, with Unit 2 responsible for 23% of the utility costs. The property is zoned H-1/PUD, making it suitable for healthcare or professional services. The property size is 2220 square feet.
Key Highlights
- Newly renovated commercial condo, ideal for medical or office use.
- Prime location next to Logan Health Hospital.
- Brand new 2024 HVAC system for year‑round comfort.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,241
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,820
$584.8K
Cap Rate 7%
$417,729
$417.7K
Cap Rate 9%
$324,900
$324.9K
Market Conditions
NOI Build-Up for 2,323 SF
Gross rent
$51.6K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.7K $20.98/SF
− OpEx
−$19.5K −$8.39/SF
NOI
$29.2K $12.59/SF
Area
Flathead County, MT
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,820
Cap Rate 7%
$417,729
Cap Rate 9%
$324,900
Alternative Uses
Best Use
Healthcare Medical
$417.7K
$365.5K – $487.4K
NOI $29,241 @ 7.0% cap · market cap 3.75%
Second Best
Office B
$393.5K
$344.3K – $459.1K
NOI $27,545 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$518.7K
$453.8K – $605.1K
NOI $36,306 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern commercial condo ideal for medical or office use.
Where is this medical office space located?
The property is located at 1297 Burns Kalispell, MT.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Newly renovated commercial condo, ideal for medical or office use.; Prime location next to Logan Health Hospital.; Brand new 2024 HVAC system for year‑round comfort.
