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50 2nd Street

Kalispell, MT 59901

$11,000,000
Commercial Sale Listing
80,000 SqFt

Summary

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 buildingMultiple restaurant tenantsAverage rent rate of $24/sq ft annuallyManagement 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 locationOpportunity 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 202533 Brand new leasable spaces, bathrooms and a kitchenette were added to the lower level in 2024Additional square footage on the lower level is also available for development Fiber optic internet available throughout building Secured access at all entrances

Details

  • Type
    Building/Land
  • Approx Sq Feet
    80,000
  • Year Built
    1894
  • Heating
    Zoned
  • Parking Features
    Additional Parking, On Street
  • Utilities
    Cable Available, Electricity Connected, Natural Gas Connected, Fiber Optic Available
  • Days on Market
    63
  • Listing Courtesy of
    PureWest Real Estate - Kalispell
  • MLS #
    30043090

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

All property data and market statistics are pulled from Big Sky Country MLS.

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