Open-Span Retail Building with
302/304 2nd Avenue W Kalispell, MT 59901
For Sale
$1,700,000
Remodeled open-span commercial building with ground-floor retail potential and three upstairs apartments, plus on- and off-street parking.
Property Size12,000 SF
Price / SF$141.67
Days on Market76
Property Features for 302/304 2nd Avenue 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:
Purewestrealestate
Added: May 14
Changed: Jul 23
Last Checked: Jul 26 at 3:10AM
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 remodeled and updated open-span commercial building is configured for ground-floor retail with a basement designated for storage only. Upstairs are three apartments with private entrances, including two studio units and one 3-bedroom, 1-bath owners unit. The sale is for the real estate only, with any existing business not included.
The property sits on a corner lot with both on-street and off-street parking available. It is positioned across the street from Black Rifle Coffee and the Downtown Post Office, and it is about a block from nearby dining and services, including Sykes Diner and a barber shop, along with banks, shopping, and restaurants. The building also benefits from an alley shipping and receiving door and overnight parking for tenants.
Overall, the layout combines flexible ground-floor space for retail with separate, independently accessed apartment living above.
The property sits on a corner lot with both on-street and off-street parking available. It is positioned across the street from Black Rifle Coffee and the Downtown Post Office, and it is about a block from nearby dining and services, including Sykes Diner and a barber shop, along with banks, shopping, and restaurants. The building also benefits from an alley shipping and receiving door and overnight parking for tenants.
Overall, the layout combines flexible ground-floor space for retail with separate, independently accessed apartment living above.
Key Highlights
- 12,000 sq ft Kalispell commercial building with open‑span layout and ground‑floor retail potential
- 3 upstairs apartments with private entrances: two studios plus one 3‑bed/1‑bath owners unit
- Tastefully remodeled and updated interior
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 10.01%
Second Best
Multifamily LT 5
$1.72M
$1.50M – $2.01M
NOI $120,330 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$2.68M
$2.34M – $3.13M
NOI $187,546 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Remodeled open-span commercial building with ground-floor retail potential and three upstairs apartments, plus on- and off-street parking.
Where is this triplex 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 $1,700,000.
What are key features of this property?
This property features: 12,000 sq ft Kalispell commercial building with open‑span layout and ground‑floor retail potential; 3 upstairs apartments with private entrances: two studios plus one 3‑bed/1‑bath owners unit; Tastefully remodeled and updated interior
