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"¢ Current Cap Rate: ~6.54% "¢ Value-add potential with lease escalations / bumping rents on shop and residential unit Booming Downtown Kalispell!!! Steps to the Parkline Trail and soon to be redeveloped mall. This well-located, high traffic countn(22k APD per MDT), fully-leased mixed-use property offers stable cash flow with upside. Combining commercial and residential income, plus billboard lease revenue, it's a turnkey investment with potential for increased yield through strategic improvements or rent increases. Ownership has spent $450k+ in last 12 months on complete remodel/ upgrades. "¢ Complete interior and site remodel with full change of use. "¢ New roof (<5 yrs old) "¢ New HVAC systems and plumbing throughout. "¢ Two new ADA bathrooms, and 2 showers. "¢ Updated 1BR/1BA apartment. "¢ New site work including fresh asphalt (front and rear) and 6 added parking spaces. (18 total) "¢ New front concrete sidewalk/ ADA parking/ entrance and approach. "¢ New curbing and wonderful landscaping, fully irrigated. "¢ New fencing, in front and rear."¢ Opened up back exit for parking via city alley for better traffic flow. "¢ Large, level backyard with mature trees and grass. Investment Highlights "¢ Stable tenant roster with long-term leases. "¢ Triple income streams from commercial (NNN & gross) and residential. "¢ Billboard income adds $2,200 annually. "¢ High-traffic / visibility location along E Idaho St / Highway 2. (approx 24k/day) "¢ Perfect re-development site in future, open lot to West and small lot to East - could negotiate with other owners to combined for larger development. "¢ Lot size ~0.49 acres with paved parking and mature fenced yard. "¢ Zoned B-2 General Business / commercial flex - Ideal for eventual mixed-use redevelopment. "¢ Remodeled Back apartment with in-unit laundry, fenced yard & old-growth trees. "¢ Garage bays & overhead doors in the shop as well as main building (2 and 2) "¢ Clear frontage & excellent visibility for tenants and marketing Financial Snapshot "¢ Net Income: ~$85,000/ yr "¢ Current Cap Rate: ~6.54% "¢ Value-add potential with lease escalations / bumping rents on shop and residential unit (Garage to be painted in the next few weeks)
Property Type(s):
Commercial
| Year Built | 0 | County | Flathead |
|---|
Additional Details
| AIR | Central Air, Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Yes |
| HEAT | Ductless, Forced Air, Natural Gas |
| INTERIOR | High Speed Internet |
| LOT | 0.49 acre(s) |
| SEWER | Public Sewer |
| TAXES | 7883 |
| UTILITIES | Natural Gas Available, Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected |
| WATER | Public |
| ZONING | B2 |
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Listing provided by: Debbie J Maue, Glacier Sotheby's International Realty Whitefish | 637 Idaho Street
IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2025.
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