Mixed-Use Building with
302 304 2nd, Kalispell, MT 59901
For Sale
New
$1,350,000
B-4 zoning accommodates a range of commercial and residential uses in Kalispell’s Central Business District.
Property Size12,000 SF
Price / SF$112.50
Days on Market1
Property Features for 302 304 2nd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry
Garage: Additional Parking,Alley Access,On Street
Additional Parking,Alley Access,On Street
Building Details
Year Built
Buildings
Listing Agency:
PureWest Real Estate Kal/Commercial
Listed By:
David G Stone · License #RRE-BRO-LIC-12188
(406) 212-6244
Source:
Clearwaterproperties
Added: Nov 6
Last Checked: Nov 6 at 3:00PM
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 PureWest Real Estate Kal/Commercial
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Investment Insights
Based on property information with market context.
This 1900-built mixed-use property combines approximately 6,000 square feet of main-floor commercial area with three apartments totaling approximately 3,000 square feet upstairs. The residential mix is one three-bedroom unit and two studios, with shared laundry. A separate stairway provides independent access to the apartments, while an interior stair connects the floors. The building also has approximately 3,000 square feet of basement storage, a membrane roof installed in 2024, and rear alley loading with a street-level dock and one 10-foot overhead door. The commercial floor can remain open to one user or be divided into two or three spaces. B-4 zoning allows uses that include retail, restaurants, bakeries, churches, multifamily housing, and home occupations; permitted uses should be confirmed with the City of Kalispell.
The property is two streets from Main Street in downtown Kalispell. Nearby destinations include banks, shops, restaurants, breweries, City Hall, the Flathead County Courthouse, the county library, and Depot Park. The Parkline Trail runs through downtown and connects to Woodland Park, with walking, running, and cycling access.
The property is two streets from Main Street in downtown Kalispell. Nearby destinations include banks, shops, restaurants, breweries, City Hall, the Flathead County Courthouse, the county library, and Depot Park. The Parkline Trail runs through downtown and connects to Woodland Park, with walking, running, and cycling access.
Key Highlights
- Approximately 6,000 SF of main‑floor commercial space and 3,000 SF of basement storage
- Three upstairs apartments: one three‑bedroom unit and two studios
- B‑4 zoning; listed permitted‑use examples include retail, restaurant, bakery, church, multifamily, and home occupation
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
2,228
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 - B-4 zoning accommodates a range of commercial and residential uses in Kalispell’s Central Business District.
Where is this mixed-use property located?
The property is located at 302 304 2nd 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: Approximately 6,000 SF of main‑floor commercial space and 3,000 SF of basement storage; Three upstairs apartments: one three‑bedroom unit and two studios; B‑4 zoning; listed permitted‑use examples include retail, restaurant, bakery, church, multifamily, and home occupation
