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Mixed-Use Building with Apartments
For Sale
$1,599,000

7 S Main Street, Kalispell, MT 59901

CommercialSale, Kalispell, MT

Property Size8,600 SF
Lot Size0.06 Acres
Price / SF$185.93
Days on Market176

Property Features for 7 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 1
Directions 2nd Building South of Center Street on the East side of Main Street.
Standard status Active
APN 07396607410250000
Size 8,600 SF
Lot size 0.06 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components commercial, residential

Taxes and HOA fees

Tax Year 2026
Tax Description S07, T28 N, R21 W, W100' & N5' OF E40, BLOCK 36, LOT 23
Tax Annual Amount 9975
Legal Description S07, T28 N, R21 W, W100' & N5' OF E40, BLOCK 36, LOT 23

Utilities

Heating system Natural Gas, Forced Air
Cooling system Ductless, Central Air

Building Details

Year built 1900
Number of units 8
Building materials Brick, WoodFrame
Buildings 1
Listing Agency: National Parks Realty - Whitefish
Listed By: Sonja Burgard · License #RRE-BRO-LIC-70871
Added: May 15 Changed: Nov 5 Last Checked: Nov 6 at 4:06AM
MLS# 30070506

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.

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Investment Insights

Based on property information with market context.

At 7 S Main Street, this 8,600-square-foot mixed-use building combines commercial space across two levels with three residential apartments above. The 0.062-acre property dates to 1900 and is constructed with brick and wood framing. Heating is provided by natural gas and forced air, with central air and ductless cooling.

The commercial tenant’s current lease runs through 4/30/27. The property is on Main Street in Kalispell. Its remodel included updates to the electrical, plumbing, HVAC, and windows.

Key Highlights

  • 8,600 square feet on a 0.062‑acre parcel
  • Two levels of commercial space with three apartments above
  • Remodel included updated electrical, plumbing, HVAC, and windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$60,630
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,600 $1.2M
Cap Rate 7%
$866,143 $866.1K
Cap Rate 9%
$673,667 $673.7K
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$103.2K $12.00/SF
− Vacancy
−$6.2K −$0.72/SF
EGI
$97.0K $11.28/SF
− OpEx
−$36.4K −$4.23/SF
NOI
$60.6K $7.05/SF
Area
Flathead County, MT
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,600
Cap Rate 7%
$866,143
Cap Rate 9%
$673,667

Alternative Uses

Best Use
Mixed Use
$866.1K
$757.9K – $1.01M (±1% cap)
NOI $60,630 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M (±1% cap)
NOI $134,408 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Noble Dance Theater & Performing Art Venue

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage Grocery & Convenience Store Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,043
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two levels of commercial space are paired with three upstairs apartments and building systems updated during a full remodel.
Where is this mixed-use property located?
The property is located at 7 S Main Street 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 feet on a 0.062‑acre parcel; Two levels of commercial space with three apartments above; Remodel included updated electrical, plumbing, HVAC, and windows
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