229 Main St Thompson Fls Mt Thompson Falls, MT 59873
This exceptional mixed-use property in Thompson Falls, Montana, presents a unique investment opportunity. Located on Main Street (229 & 231 W Main St), this fully remodeled building boasts 3,438 square feet across three stories, including a 100% occupied storefront currently housing a dispensary (lease is month-to-month, business not included in sale but negotiable). The property features two separate street numbers and electrical meters, allowing for seamless live-work integration. The residential portion offers three sizable bedrooms, each with a walk-in closet, and three bathrooms. Enjoy breathtaking Clark Fork River views from the oversized deck. The unfinished basement provides ample space for expansion or additional business ventures. Situated on a 0.162-acre lot (APN 35309108145100000) in a high-traffic area (4,648 average daily traffic count), this property benefits from its prime location on MT Hwy 200, a major route connecting Sandpoint, ID, to Missoula/Kalispell. The permitted commercial zoning allows for diverse business opportunities, making this a versatile investment with significant potential. The property was built in 1900 and offers a blend of historic charm and modern updates. Nearby amenities include water access, parks, and trails. This is an ideal opportunity for an owner-operator or investor seeking a high-return property in a desirable Montana location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.