Open-Span Retail Building with
For Sale
$1,500,000
302/304 2nd Avenue W, Kalispell, MT 59901
SINGLE_FAMILY - Kalispell, MT
Property Size12,000 SF
Lot Size0.16 Acres
Price / SF$125
Days on Market98
Property Features for 302/304 2nd Avenue W
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Zoning description
6
Rooms
Basement
Parking
8
Parking features
On Street, Alley
Interior features
OpenFloorplan
Lot features
Level
View
City, Mountains
Directions
2nd Ave West, South to 302 on right
Standard status
Active
APN
07396618138010000
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 001, BLK 068, KAL, in s18-T28N-R21W
Tax Annual Amount
16608
Legal Description
Lot 001, BLK 068, KAL, in s18-T28N-R21W
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Amenities
alley shipping and receiving door
overnight parking for tenants
on and off-street parking
Building Details
Year built
1900
Number of units
4
Flooring type
Laminate, Concrete, Carpet
Building materials
Block, WoodFrame
Roof type
Rubber
Listing Agency:
Keller Williams Realty Northwest Montana
(406) 752-4700
Listed By:
Ted Dykstra Jr · License #RRE-BRO-LIC-10713
(406) 249-8345
Added: Apr 25
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 30068983
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.
Investment Insights
Based on property information with market context.
This Kalispell retail space features an open-span ground floor designed for a variety of retail layouts, with a basement used for storage only. The upstairs level includes three apartments with private entrances: two studio units and one 3-bed, 1-bath owners’ unit. The property has been tastefully remodeled and updated, and the tenant situation is noted as potentially favorable for staying. Interior finishes include laminate, concrete, and carpet, with natural gas forced air heating and wall unit cooling. The building is constructed with block and wood frame and has a rubber roof.
Set on a 0.163-acre corner lot, the building totals 12,000 SF and is across the street from Black Rifle Coffee and the Downtown Post Office. Both on-street and off-street parking are available. An alley shipping and receiving door supports logistics, along with overnight parking for tenants.
The property connects to public water and public sewer service.
Set on a 0.163-acre corner lot, the building totals 12,000 SF and is across the street from Black Rifle Coffee and the Downtown Post Office. Both on-street and off-street parking are available. An alley shipping and receiving door supports logistics, along with overnight parking for tenants.
The property connects to public water and public sewer service.
Key Highlights
- 12,000 SF open‑span retail building designed for ground‑floor retail
- Upstairs includes 3 apartments with private entrances: two studios plus one 3‑bed, 1‑bath owners' unit
- Basement is storage only
Financial Insights For Apartment 5plus
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 | $211.7k | $17.64 |
| − Vacancy | −$8.0k | −$0.67 |
| EGI | $203.6k | $16.97 |
| − OpEx | −$91.6k | −$7.64 |
| NOI | $112.0k | $9.33 |
12,000 SF · lease $17.64/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,226 @ 7.0% cap · market cap 11.35%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,000 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$2.68M
$2.34M – $3.13M
NOI $187,546 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,026
Businesses Nearby
181k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Shops & Services 35%
Dining 27%
Home Improvements & Furnishings 2%
Smith's
Groceries
35,676 visits/mo
0.4 miles
Super 1 Foods
Groceries
29,600 visits/mo
0.3 miles
Conoco
Shops & Services
14,174 visits/mo
0.4 miles
Starbucks
Dining
14,085 visits/mo
0.1 miles
Town Pump
Shops & Services
10,825 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open-span retail building with three upstairs apartments, private entrances, and on- and off-street parking on a corner lot.
Where is this retail space 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 $1,500,000.
What are key features of this property?
This property features: 12,000 SF open‑span retail building designed for ground‑floor retail; Upstairs includes 3 apartments with private entrances: two studios plus one 3‑bed, 1‑bath owners' unit; Basement is storage only
