NEW! Buy and sell safely with virtual options - Learn More
About the Listing 545500362 - mt.onering1,mt.jamesw
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
Listing Highlights for 50 2nd St E
Status
Active
Days on Site
184
Property Type
Commercial Sale
MLS ®
30043090
Year Built
1894
Total Square Footage
80,000
Lot/Acreage
0.96
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Zoned
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 45
- Lot Dimensions: 140x300
- Zoning: B4
- Roof: Other
- Others: Storage
- Sewer:
- Parking Features: Additional Parking,On Street
Financial Details
- Tax Amount: $67,159
- Taxes w/Assessments: N/A
- Tax/Property ID: 07396618148010000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
50 2nd St E Kalispell, MT 59901
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
