Downtown Kalispell Retail/Commercial
300 1st Avenue W, Kalispell, MT 59901
Versatile 9,668 SF commercial building in Downtown Kalispell.
Type:Retail, Mixed Use
Property size:
9,668 SFPrice / SF:
$243/SF- Added:
- Feb 23, 2024
- Days on Market:
- 819
- Last Refresh:
- Mar 16 at 12:59 pm
Property Features for 300 1st Avenue W
General Information
- Standard status
- Active
- Size
- 9,668 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1965
Listing agent James Williamson License #RRE-BRO-LIC-62214
Listing office Silvercreek Realty Group
Listing date Feb 23, 2024
Source Crexi
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 Silvercreek Realty Group
HighLights
- Prime Downtown Kalispell location with high visibility and traffic.
- Large 9,668 SF versatile space suitable for retail, service, or commercial uses.
- Open‑span construction allows for flexible reconfiguration and customization.
- Ideal for various concepts: retail, fitness, markets, entertainment, offices, restaurants.
- Located in a growing downtown district with ongoing investment.
- Currently operating as a gym, offering potential for immediate use or adaptation.
Overview
This 9,668 square foot commercial building, currently operating as a gym, presents a retail or commercial opportunity in Downtown Kalispell. The property features open-span construction, providing flexibility for retail, service, or commercial uses. The expansive interior allows for reconfiguration, making it suitable for retail showrooms, fitness or wellness concepts, specialty markets, entertainment venues, offices, restaurants, or multi-tenant layouts. The open floor plan allows customization to fit specific business needs. Located in Downtown Kalispell, the property benefits from visibility, local traffic, and proximity to shopping, dining, and professional services. The surrounding downtown district is experiencing investment and growth, making it an attractive opportunity for entrepreneurs, investors, or expanding brands looking to establish a presence in Northwest Montana.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.52M
NOI $137,145 @ 9.00% cap · cautious / downside scenario
Moderate
$1.96M
NOI $137,145 @ 7.00% cap · market / base-case scenario
Aggressive
$2.74M
NOI $137,145 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.0k | $21.00 |
| − Vacancy | −$7.1k | −$0.74 |
| EGI | $195.9k | $20.27 |
| − OpEx | −$58.8k | −$6.08 |
| NOI | $137.1k | $14.19 |
9,668 SF · lease $21.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.96M
$1.71M – $2.29M
NOI $137,145 @ 7.0% cap · market cap 5.84%
Second Best
Mixed Use
$973.7K
$852.0K – $1.14M
NOI $68,159 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,099 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bauman Erin
Physician
Givler Kim
Physician
Skonord Pam
Physician
Robinson Ryan
Physician
Snyder Douglas
Physician
Location Insight
- Map
- Local Demand
- City
- Kalispell
- County
- Flathead
- State
- Montana
- Longitude
- -114.3146289
- Latitude
- 48.1953003
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Versatile 9,668 SF commercial building in Downtown Kalispell.
Where is this retail space located?
The property is located at 300 1st Avenue W Kalispell, MT.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime Downtown Kalispell location with high visibility and traffic.; Large 9,668 SF versatile space suitable for retail, service, or commercial uses.; Open‑span construction allows for flexible reconfiguration and customization.
