302/304 2nd Avenue W Kalispell, MT 59901
Open-span ground floor retail space with storage basement and three apartments with private entrances on a corner lot.
Property Features for 302/304 2nd Avenue W
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing office Keller Williams Realty Northwest Montana (406) 249-8345
Listing date Jul 15, 2026
Source Missionvalleyproperties
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Investment Insights
Based on property information with market context.
Set on a corner lot with both on- and off-street parking, the building is across the street from Black Rifle Coffee and the Downtown Post Office. The immediate area includes nearby dining and services, and the property also benefits from an alley shipping and receiving door plus overnight parking for tenants.
The sale includes the real estate only; any business is not included. A storefront-oriented ground floor and separate apartment access make this layout well suited for mixed-use occupancy and continued rental operations.
Key Highlights
- 12,000 SF Kalispell commercial building on a corner lot across from Black Rifle Coffee and the Downtown Post Office
- Open‑span ground floor retail with ideas for ground floor retail space; basement is storage only
- 3 apartments upstairs with private entrances: two studios plus a 3‑bed, 1‑bath owners’ unit
Local 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 |
