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Mixed-Use Land for Sale in Kalispell, Montana
637 Idaho St, Kalispell, MT 59901
$1,300,000
0.49 acres
Active
Est $9,530/mo- Current Cap Rate: ~6.54% - Value-add potential with lease escalations / bumping rents on shop and residential unit Booming Downtown Kalispell!!! Steps to the Parkline Trail and soon to be redeveloped mall. This well-located, high traffic countn(22k APD per MDT), fully-leased mixed-use property offers stable cash flow with upside. Combining commercial and residential income, plus billboard lease revenue, it's a turnkey investment with potential for increased yield through strategic improvements or rent increases. Ownership has spent $450k+ in last 12 months on complete remodel/ upgrades. - Complete interior and site remodel with full change of use. - New roof (<5 yrs old) - New HVAC systems and plumbing throughout. - Two new ADA bathrooms, and 2 showers. - Updated 1BR/1BA apartment. - New site work including fresh asphalt (front and rear) and 6 added parking spaces. (18 total) - New front concrete sidewalk/ ADA parking/ entrance and approach. - New curbing and wonderful landscaping, fully irrigated. - New fencing, in front and rear.- Opened up back exit for parking via city alley for better traffic flow. - Large, level backyard with mature trees and grass. Investment Highlights - Stable tenant roster with long-term leases. - Triple income streams from commercial (NNN & gross) and residential. - Billboard income adds $2,200 annually. - High-traffic / visibility location along E Idaho St / Highway 2. (approx 24k/day) - Perfect re-development site in future, open lot to West and small lot to East - could negotiate with other owners to combined for larger development. - Lot size ~0.49 acres with paved parking and mature fenced yard. - Zoned B-2 General Business / commercial flex - Ideal for eventual mixed-use redevelopment. - Remodeled Back apartment with in-unit laundry, fenced yard & old-growth trees. - Garage bays & overhead doors in the shop as well as main building (2 and 2) - Clear frontage & excellent visibility for tenants and marketing Financial Snapshot - Net Income: ~$85,000/ yr - Current Cap Rate: ~6.54% - Value-add potential with lease escalations / bumping rents on shop and residential unit (Garage to be painted in the next few weeks)
Location
- Street address
- 637 Idaho St
- County
- Flathead County
- Elevation
- 2,974 feet
Directions
Main to HWY 2/East Idaho east to 637.
Property details
- Lot size
- 0.49 acres21,344 sq ft
- Zoning
- Commercial
- MLS #
- MRMLS 30056965
- Posted
Property taxes
- 2024
- $7,883 - S08, T28 N, R21 W, TR 30-24A & TR 30-6A IN NW4SW4
Parcels
- 07396608203110000
Legal description
S08, T28 N, R21 W, TR 30-24A & TR 30-6A IN NW4SW4
Details and features
Listing
- Type
- Residential
- Unit Count
- 3
- Franchise
- Sotheby's International Realty
Structure
- Water
- Public
- Sewer
- Public Sewer
- Heating
- Ductless, Forced Air, Natural Gas
- Cooling
- Central Air
- Roof
- Metal
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Gas | Natural Gas | Available | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 8, 2025 | New listing | $1,300,000 | — | MRMLS |
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