Property profile

231 1st St E E Ste Whitefish, MT 59937

OFF-MARKET
Office Spaces
Property ID
US52-0206404
968 SF Built 2006
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 504-square-foot commercial condo, located at 231 E 1st Street Unit F in Whitefish, Montana's historic Railway District, presents a compelling investment opportunity. Boasting WB3 zoning, the property is ideally suited for a variety of uses, including office space, professional services, or retail. The unit features a desirable open layout bathed in natural light from large windows, enhancing its appeal and functionality. A private bathroom and a small outdoor patio add to its convenience and charm. The property benefits from a shared courtyard with five parking spaces, providing ample parking for clients and employees. Its enviable location offers immediate proximity to a wealth of amenities, including numerous shops and restaurants, convenient access to bike and pedestrian paths, a SNOW bus stop, and the train depot. The property's strong investment potential is further underscored by its consistent rental history (currently leased), its proximity to a new hotel under construction (a one-minute walk), and the proposed expansion of the downtown master plan, promising future growth and increased value. Adding to its attractiveness, owner financing is available, making this an even more accessible and attractive proposition for discerning investors. This is a rare opportunity to acquire a thriving commercial property in a rapidly developing area of Whitefish.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2006
Construction WOOD
Total area 968 SF
APN 07-4292-36-1-16-20-7005
UPID US52-0206404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Hair Salon
  • Spa & Massage Center Alternative Medicine Practice
  • Hair Salon
  • Hair Salon

Location

231 1st St E E Ste Whitefish, MT 59937-2420
Whitefish metro Census 402 KALISPELL, MT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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