Live-Work Retail Office
494 N Main Street Kalispell, MT 59901
New
494 N Main Street, Kalispell, MT, 59901
$800,000
For Sale
$800,000
Two-building property with three potential business spaces and separate Main St and California St addresses.
Property Size2,884 SF
Price / SF$277.39
Days on Market7
Property Features for 494 N Main Street
General Information
- Standard status
- Active
- Size
- 2,884 SF
Building Details
- Year Built
- 2001
Listing agency
Lifetime Montana Real Estate
(406) 253-6533
Listed by
Tricia Brisendine · License #RRE-BRO-LIC-63245
Source
Purewestrealestate
Added: Jul 15 Updated: Jul 20 at 10:11PM Checked: Jul 21 at 3:04AM
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 Lifetime Montana Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property includes two separate buildings designed to support multiple occupancies. The main building at 494 N Main Street was built in 1940 and includes 672 SF plus a 480 SF crawl space. The detached second building comprises two spaces at 18 & 20 California St, built in 2001, totaling 1,732 SF across 888 SF and 844 SF units.
The property is positioned along Highway 93 / Main Street frontage, providing frontage along a heavily used corridor with Main Street access.
Overall, the combined buildings offer 2,884 SF of usable space and three potential leasable business spaces across the two structures, with the main building featuring two separate addresses for lower- and upper-level options.
The property is positioned along Highway 93 / Main Street frontage, providing frontage along a heavily used corridor with Main Street access.
Overall, the combined buildings offer 2,884 SF of usable space and three potential leasable business spaces across the two structures, with the main building featuring two separate addresses for lower- and upper-level options.
Key Highlights
- Two separate commercial buildings with three potential leasable business spaces on one property
- Main building at 494 Main St built in 1940: 672 SF plus a 480 SF crawl space
- Main building includes two separate addresses for possible upper/lower level occupancy (494 Main St and ? per listing: 18 & 20 California St)
Local Financial Insights For Retail
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 | $60.6k | $21.00 |
| − Vacancy | −$2.1k | −$0.74 |
| EGI | $58.4k | $20.27 |
| − OpEx | −$17.5k | −$6.08 |
| NOI | $40.9k | $14.19 |
2,884 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$584.4K
$511.4K – $681.9K
NOI $40,911 @ 7.0% cap · market cap 5.11%
Second Best
Office B
$488.5K
$427.5K – $570.0K
NOI $34,197 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$643.9K
$563.4K – $751.2K
NOI $45,073 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-building property with three potential business spaces and separate Main St and California St addresses.
Where is this live-work space located?
The property is located at 494 N Main Street Kalispell, MT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two separate commercial buildings with three potential leasable business spaces on one property; Main building at 494 Main St built in 1940: 672 SF plus a 480 SF crawl space; Main building includes two separate addresses for possible upper/lower level occupancy (494 Main St and ? per listing: 18 & 20 California St)
