Mixed-Use Building with Lake
For Sale
$1,999,000
425 Grand Dr, Bigfork, MT 59911
Multi-use property combines apartments, kitchen, and office/retail space with water views.
Property Size6,142 SF
Price / SF$325.46
Days on Market73
Property Features for 425 Grand Dr
General Information
Standard status
Active
Size
6,142 SF
Additional Details
Office Units
2
Building Details
Year Built
1961
Listing Agency:
Berkshire Hathaway HomeServices - Bigfork
Listed By:
Kristen Broughton · License #RRE-BRO-LIC-41506
(406) 212-6237
Source:
Flatheadvalleybrokers
Added: Jul 25
Changed: Oct 3
Last Checked: Oct 4 at 11:49AM
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 Berkshire Hathaway HomeServices - Bigfork
Investment Insights
Based on property information with market context.
This 6,142-square-foot mixed-use building, constructed in 1961, includes six distinct rental units: three one-bedroom apartments, a commercial kitchen, and two office or retail spaces. The property also provides approximately 3,000 square feet of decks and patio areas, along with private parking. The three apartments are fully permitted and licensed for nightly rentals.
Located at the northeast corner of Flathead Lake in Bigfork Village, the property sits beside Bigfork Bay and offers water views from the building and outdoor areas. A public parking lot is adjacent to the property. Restaurants, boutiques, art galleries, and the Bigfork Playhouse Theater are within walking distance, while Eagle Bend Golf Community and Glacier National Park are nearby.
Located at the northeast corner of Flathead Lake in Bigfork Village, the property sits beside Bigfork Bay and offers water views from the building and outdoor areas. A public parking lot is adjacent to the property. Restaurants, boutiques, art galleries, and the Bigfork Playhouse Theater are within walking distance, while Eagle Bend Golf Community and Glacier National Park are nearby.
Key Highlights
- 6,142‑square‑foot mixed‑use building constructed in 1961
- Six rental units include three one‑bedroom apartments, a commercial kitchen, and two office or retail spaces
- Three apartments are fully permitted and licensed for nightly rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,127
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,540
$1.7M
Cap Rate 7%
$1,244,671
$1.2M
Cap Rate 9%
$968,078
$968.1K
Market Conditions
NOI Build-Up for 6,142 SF
Gross rent
$129.0K $21.00/SF
− Vacancy
−$4.5K −$0.74/SF
EGI
$124.5K $20.27/SF
− OpEx
−$37.3K −$6.08/SF
NOI
$87.1K $14.19/SF
Area
Flathead County, MT
Vacancy
3.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,540
Cap Rate 7%
$1,244,671
Cap Rate 9%
$968,078
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,127 @ 7.0% cap · market cap 4.36%
Second Best
Office B
$1.04M
$910.4K – $1.21M
NOI $72,829 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,992 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 59911, MT
8,722
Population
5,707
Households
1.5
Avg Household Size
55
Median Age
50%
College-Educated
98%
High-School Grad
491.7 sq mi
ZIP Area
18
Density / Sq Mi
$81,846
Median Household Income
$37,500
Median Earnings
$1,158
Median Rent
$608,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use property combines apartments, kitchen, and office/retail space with water views.
Where is this mixed-use property located?
The property is located at 425 Grand Dr Bigfork, MT.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 6,142‑square‑foot mixed‑use building constructed in 1961; Six rental units include three one‑bedroom apartments, a commercial kitchen, and two office or retail spaces; Three apartments are fully permitted and licensed for nightly rentals
