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637 Idaho Street, Kalispell, MT 59901

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For Sale

$1,300,000

0.49 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 0.5 acres
    Lot size

Explore this Property

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)
MLS# 30056965

Courtesy Of Glacier Sotheby's International Realty

(406) 863-3060

Property Features

  • Heating System
    Forced Air
  • Lot Size
    0.49 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 637 Idaho Street, Kalispell, MT 59901

Home seller CENTURY 21 Deaton and Company Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Deaton and Company Real Estate

(406) 885-1236
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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