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$ 11,000,000

Est. payment -/mo

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Active

50 2nd ST E Kalispell, MT 59901

80,000 SqFt

UPDATED:

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

Listed by PureWest Real Estate - Kalispell

Bri O'Leary

Advisor | License ID: 100003

+1(406) 546-2125