Mixed-Use Building with
New
For Sale
$1,350,000
302 304 2nd Avenue W, Kalispell, MT 59901
CommercialSale, Kalispell, MT
Property Size12,000 SF
Lot Size0.16 Acres
Price / SF$112.50
Days on Market4
Property Features for 302 304 2nd Avenue W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business
Zoning description
B-4 Central Business
Rooms
Basement
Parking
8
Parking features
Alley, On Street
Interior features
OpenFloorplan
Lot features
Level
Directions
NE corner of 1st Ave W and 3rd St W
Standard status
Active
APN
07396618138010000
Size
12,000 SF
Lot size
0.16 Acres
Additional Details
Mixed-Use Components
commercial, residential, storage
Taxes and HOA fees
Tax Year
2026
Tax Description
KAL, S18, T28 N, R21 W, BLOCK 068, Lot 001
Tax Annual Amount
12559
Legal Description
KAL, S18, T28 N, R21 W, BLOCK 068, Lot 001
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
shared laundry
basement storage
Building Details
Year built
1900
Number of units
4
Flooring type
Carpet, Laminate, Concrete, Tile
Building materials
Block, WoodFrame
Roof type
Rubber
Buildings
1
Listing Agency:
PureWest Real Estate Kal/Commercial
(406) 751-4330
Listed By:
David G Stone · License #RRE-BRO-LIC-12188
(406) 250-7249
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 4:06AM
MLS# 30080567
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.
At 302 and 304 2nd Avenue W, this mixed-use property contains approximately 6,000 SF of ground-floor commercial area, three apartments totaling approximately 3,000 SF, and approximately 3,000 SF of basement storage. The commercial floor can remain a single space or be divided into two or three areas. A street-level loading dock on the alley has one 10-foot overhead door, with potential for a second. The second floor includes a three-bedroom apartment and two studios, along with shared laundry. Separate stair access allows the residential and commercial portions to function independently; an interior stair also links the two floors. The membrane roof was installed in 2024.
The property sits two streets from Main Street in Kalispell’s Central Business District. Downtown shops, restaurants, coffee shops, breweries, banks, City Hall, the Flathead County Courthouse, the Flathead County Library, and Depot Park are within walking distance. The nearby Parkline Trail runs through downtown and connects to Woodland Park. Rear alley and on-street parking are available.
The property sits two streets from Main Street in Kalispell’s Central Business District. Downtown shops, restaurants, coffee shops, breweries, banks, City Hall, the Flathead County Courthouse, the Flathead County Library, and Depot Park are within walking distance. The nearby Parkline Trail runs through downtown and connects to Woodland Park. Rear alley and on-street parking are available.
Key Highlights
- 12,000 SF building on a 0.163‑acre lot
- Approximately 6,000 SF of main‑floor commercial space
- Three second‑floor apartments totaling approximately 3,000 SF: one three‑bedroom and two studios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,000
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,240,000
$2.2M
Cap Rate 7%
$1,600,000
$1.6M
Cap Rate 9%
$1,244,444
$1.2M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$211.7K $17.64/SF
− Vacancy
−$8.0K −$0.67/SF
EGI
$203.6K $16.97/SF
− OpEx
−$91.6K −$7.64/SF
NOI
$112.0K $9.33/SF
Area
Flathead County, MT
Vacancy
3.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,240,000
Cap Rate 7%
$1,600,000
Cap Rate 9%
$1,244,444
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,226 @ 7.0% cap · market cap 12.61%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,000 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$2.68M
$2.34M – $3.13M
NOI $187,546 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,177
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three upstairs residences accompany adaptable commercial space, with separate access for the residential and business areas.
Where is this mixed-use property located?
The property is located at 302 304 2nd Avenue W Kalispell, MT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 12,000 SF building on a 0.163‑acre lot; Approximately 6,000 SF of main‑floor commercial space; Three second‑floor apartments totaling approximately 3,000 SF: one three‑bedroom and two studios
