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Kalispell,MT 59901
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 80,000 sqft
Price per Sqft $137
MLS Listing ID 30043090
HOA Y/N No
Year Built 1894
Annual Tax Amount $67,159
Tax Year 2024
Lot Size 0.964 Acres
Acres 0.964
Property Sub-Type Building/Land
Property Description
Continue a legacy with the largest historic building in downtown Kalispell. With nearly 80,000 sq ft, 75 leasable units and 45 parking spaces. The building is home to the Mercantile Steakhouse and KM Bar which are thriving local favorites with their central downtown location, and excellent accessibility. The luxury 4 bed/ 5 bath apartment with rooftop bar and patio is currently owner occupied but is a great opportunity for added rental income. An additional 8,000+ sq ft second floor "warehouse" is currently used as event space. The KM building is an opportunity for investment with stable income and significant growth potential! Prime Core Downtown Kalispell Location on the East side of Hwy 93/Main Street between 2nd & 3rd Street. Building and parking lot occupy the entire East half of the 200 block of 1st Avenue East, across from City Hall and the Flathead County Library. See supplement for more highlights. 80,000 square foot building
45 parking spaces in a private lot at South end of building
Multiple restaurant tenants
Average rent rate of $24/sq ft annually
Management in place, 75 of 75 spaces currently leased to 59 tenants.
Additional street parking
Elevator
B-4 Zoning
Largest historic building in downtown Kalispell
Central downtown location
Opportunity for growth with 8,000 sq ft additional lease space
Luxury 4 bed/5 bath Apartment with roof top bar and deck
New Roof in 2025
16 of 22 HVAC units were repaired or replaced in 2025
33 Brand new leasable spaces, bathrooms and a kitchenette were added to the lower level in 2024
Additional square footage on the lower level is also available for development
Fiber optic internet available throughout building
Secured access at all entrances
Location
State MT
County Flathead
Zoning B4
Rooms
Basement Partially Finished
Interior
Interior Features Chandelier,Entrance Foyer,Elevator,High Speed Internet,Kitchen Island,Pantry,Skylights,Bar
Heating Zoned
Fireplace No
Exterior
Exterior Feature Storage
Parking Features Additional Parking,On Street
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Fiber Optic Available
Water Access Desc Public
Roof Type Other
Present Use Commercial,Medical/Dental,Mixed Use,Office,Residential
Total Parking Spaces 45
Building
Lot Description Level
Foundation Stone
Water Public
Schools
School District District No. 5
Others
Tax ID 07396618148010000
Security Features Security System,Fire Alarm,Fire Escape
Special Listing Condition Standard