Premier Mixed-Use Investment Opportunity in the Heart of Downtown Kalispell

Opportunities to secure a high-performing, turnkey asset in Kalispell’s rapidly evolving downtown core are rare. Situated at a high-visibility location along the East Idaho Street (Highway 2) corridor, this mixed-use property combines immediate cash flow with significant long-term appreciation potential.

With over $450,000 in comprehensive upgrades completed within the last 12 months, this property is positioned for the investor seeking a “plug-and-play” asset with built-in value-add levers.

A Strategic Location in a Booming Market

Located just steps from the Parkline Trail and the anticipated redevelopment of the downtown mall, this property sits in the path of Kalispell’s most exciting growth. The location boasts an impressive traffic count of approximately 22,000–24,000 average daily trips, ensuring maximum visibility for commercial tenants and long-term land value.

Property Highlights & Recent Capital Improvements

Ownership has spared no expense in modernizing the infrastructure and aesthetics of the site. Recent renovations include:

Comprehensive Systems Update: New HVAC systems, updated plumbing throughout, and a roof less than five years old.

Complete Site Remodel: A full change-of-use renovation featuring new asphalt (front and rear), fresh curbing, and professional irrigated landscaping.

Enhanced Accessibility: New ADA-compliant sidewalks, parking, and entrances, including two new ADA bathrooms and shower facilities.

Optimized Traffic Flow: A newly opened rear exit via the city alley improves site ingress and egress for the 18 total parking spaces.

Residential & Industrial Flex: The property features a fully remodeled 1BR/1BA apartment with in-unit laundry and a private fenced yard, alongside a shop space equipped with garage bays and overhead doors.

Investment Performance & Diversified Income

This asset provides a rare triple-stream income model, offering a layer of security through diversification:

Commercial Leases: Stable, long-term tenants with a mix of NNN and gross structures.

Residential Income: A high-demand 1BR/1BA unit that benefits from the privacy of mature old-growth trees and a level backyard.

Billboard Revenue: A passive lease contributing an additional $2,200 annually.

Financial Snapshot:

Asking Price: $1,300,000

Net Operating Income (NOI): ~$85,000/year

Current Cap Rate: ~6.54%

Future Growth & Value-Add Potential

While the property currently offers a stable yield, there is a clear path to increased returns. Investors can capitalize on scheduled lease escalations and the opportunity to adjust rents on the shop and residential units to meet current market peaks.

Furthermore, the 0.49-acre lot is zoned B-2 (General Business), making it an ideal candidate for future high-density mixed-use redevelopment. The proximity to adjacent open lots to the west and east presents a unique opportunity for a savvy developer to assemble a larger footprint in one of Kalispell’s most desirable commercial districts.

Note: The garage is scheduled for a professional exterior paint refresh in the coming weeks, further enhancing the property’s curb appeal.

Secure Your Stake in Downtown Kalispell

Whether you are looking for a stable addition to your 1031 exchange or a strategic redevelopment play, this East Idaho Street property offers the perfect blend of modern infrastructure and prime location.

For more information or to schedule a private tour, contact us today.