50 2nd Street E
About this property
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
About this property
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
Features and Additional Information
Presented By Coldwell Banker Distinctive Properties Durango
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Brokerage: PureWest Real Estate - Kalispell
