Versatile Mixed-Use
For Sale
$675,000
494 N Main St, Kalispell, MT 59901
Two buildings provide three potential business spaces with Highway 93/Main Street frontage and flexible occupancy options.
Property Size2,884 SF
Price / SF$234.05
Days on Market43
Property Features for 494 N Main St
General Information
Standard status
Active
Size
2,884 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Building Details
Year Built
2001
Buildings
2
Listing Agency:
Lifetime Montana Real Estate
Listed By:
Tricia Brisendine · License #RRE-BRO-LIC-63245
(406) 253-6533
Source:
Beckmansrealestatemt
Added: Aug 24
Changed: Oct 2
Last Checked: Oct 4 at 12:43PM
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 Lifetime Montana Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate buildings configured for three potential business spaces. The primary building at 494 N Main St contains 672 sf plus a 480 sf crawl space and is arranged with distinct upper- and lower-level areas. A detached building at 18 and 20 California St adds 1,732 sq ft across two separately addressed areas measuring 888 sf and 844 sf.
The property fronts Highway 93/Main Street in Kalispell, between the city’s major medical hub, North Kalispell’s retail corridor, and the downtown district. Its configuration supports separate occupancy, owner use with additional space for tenants, or a live-work arrangement with a business below and living space above. Potential applications identified for the property include professional office, salon, retail storefront, and service-based operations.
The property fronts Highway 93/Main Street in Kalispell, between the city’s major medical hub, North Kalispell’s retail corridor, and the downtown district. Its configuration supports separate occupancy, owner use with additional space for tenants, or a live-work arrangement with a business below and living space above. Potential applications identified for the property include professional office, salon, retail storefront, and service-based operations.
Key Highlights
- Two buildings with three potential business spaces
- Highway 93/Main Street frontage in Kalispell
- 494 Main St building includes 672 sf and a 480 sf crawl space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,911
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,220
$818.2K
Cap Rate 7%
$584,443
$584.4K
Cap Rate 9%
$454,567
$454.6K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$60.6K $21.00/SF
− Vacancy
−$2.1K −$0.74/SF
EGI
$58.4K $20.27/SF
− OpEx
−$17.5K −$6.08/SF
NOI
$40.9K $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%
$818,220
Cap Rate 7%
$584,443
Cap Rate 9%
$454,567
Alternative Uses
Best Use
Retail
$584.4K
$511.4K – $681.9K
NOI $40,911 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$488.5K
$427.5K – $570.0K
NOI $34,197 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$643.9K
$563.4K – $751.2K
NOI $45,073 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings provide three potential business spaces with Highway 93/Main Street frontage and flexible occupancy options.
Where is this mixed-use property located?
The property is located at 494 N Main St Kalispell, MT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two buildings with three potential business spaces; Highway 93/Main Street frontage in Kalispell; 494 Main St building includes 672 sf and a 480 sf crawl space
