Historic Mixed-Use
For Sale
$1,599,000
7 S Main St, Kalispell, MT 59901
Updated building systems support flexible commercial use alongside three downtown apartments.
Property Size8,600 SF
Price / SF$185.93
Days on Market152
Property Features for 7 S Main St
General Information
Standard status
Active
Size
8,600 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
National Parks Realty - Whitefish
Listed By:
Sonja Burgard · License #RRE-BRO-LIC-70871
(406) 871-0372
Source:
Beckmansrealestatemt
Added: May 17
Changed: Oct 7
Last Checked: Oct 7 at 4:50PM
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 National Parks Realty - Whitefish
Investment Insights
Based on property information with market context.
Built in 1900, this 8,600-square-foot mixed-use property combines commercial space with three residential apartments. Improvements include updated electrical, plumbing, heating, and air conditioning systems, as well as new windows. The retail and lower-level areas are currently occupied by a dance company, while the commercial component can accommodate retail, studio, office, hospitality, or experiential business uses as supported by the source information.
The property is located at 7 S Main Street in downtown Kalispell, within an established setting of restaurants, retail businesses, and arts activity. Main Street exposure and pedestrian presence add to the commercial character of the property. The residential component provides a downtown housing element, with long-term, nightly, or weekly rental possibilities subject to local regulations.
The property is located at 7 S Main Street in downtown Kalispell, within an established setting of restaurants, retail businesses, and arts activity. Main Street exposure and pedestrian presence add to the commercial character of the property. The residential component provides a downtown housing element, with long-term, nightly, or weekly rental possibilities subject to local regulations.
Key Highlights
- 8,600‑square‑foot mixed‑use property with commercial space and three residential apartments
- Constructed in 1900 with updated electrical, plumbing, heating, and air conditioning systems
- New windows included among the property improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,995
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,439,900
$2.4M
Cap Rate 7%
$1,742,786
$1.7M
Cap Rate 9%
$1,355,500
$1.4M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$180.6K $21.00/SF
− Vacancy
−$6.3K −$0.74/SF
EGI
$174.3K $20.27/SF
− OpEx
−$52.3K −$6.08/SF
NOI
$122.0K $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%
$2,439,900
Cap Rate 7%
$1,742,786
Cap Rate 9%
$1,355,500
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,995 @ 7.0% cap · market cap 7.63%
Second Best
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,237 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,408 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated building systems support flexible commercial use alongside three downtown apartments.
Where is this mixed-use property located?
The property is located at 7 S Main St Kalispell, MT.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 8,600‑square‑foot mixed‑use property with commercial space and three residential apartments; Constructed in 1900 with updated electrical, plumbing, heating, and air conditioning systems; New windows included among the property improvements
