KM Building

50 2nd Street E , Kalispell, MT 59901

  • For Sale $11,000,000
  • Property Type Retail - Freestanding
  • Property Size 80,000 SF
  • Units 75
  • Lot Size 0.96 Acre
  • Parking Spaces Avail. 45
  • Property Tenancy Multi-Tenant
  • Year Built 1894
  • Year Renovated 2024
  • Date Updated Mar 21, 2025
Prime Core Downtown Kalispell Located on the East side of Hwy 93/Main Street From I-93 turn Eastbound on 2nd or 3rd Street to parking lot off of 3rd after alley or building directly East of alley on 2nd. Building and parking lot occupy the entire east half of the 200 block of 1st Ave East, across from City Hall and the Flathead County Library.Continue a legacy with the largest historical building in downtown Kalispell. With nearly 80,000 sq ft, there are currently 75 leasable units with 45 parking spaces. 75 of the 75 units are currently leased to 59 tenants. There are multiple restaurants on site with a central downtown location, with excellent walkability. 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 but could be converted to office space, generating consistent rental income as well. The KM building is an opportunity for investment with stable income and significant growth potential as well!
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Highlights

  • 80,000 square foot building
  • 100% of existing spaces fully leased!
  • Management in place.
  • 45 parking spaces
  • Multiple restaurant tenants
  • Average rent rate of $24/sq ft annually
  • Additional street parking
  • Elevator
  • B-4 Zoning
  • Largest historic building in downtown Kalispell
  • Central downtown location
  • Opportunity for growth with 8,000+ sq ft additional lease space on second level
  • Luxury 4bed/ 5 Bath Apartment with roof top bar and deck
  • 33 Brand New spaces, bathrooms and a kitchenette were added to the lower level in 2024
  • Additional space is available to develop in the lower level
  • New Roof in 2025
  • 16 of 22 HVAC units repaired or replaced 2025

Contacts

broker
Wendy Brown

SVN | Purewest Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Kalispell, MT
  • Zip Code 59901

Points of Interest

  • Kalispell Center Mall Car Charger

    0.27 miles

  • Skip's Tire & Auto Care

    0.41 miles

  • Smith's Fuel Center

    0.45 miles

  • Conoco

    0.57 miles

  • Woodland Qwik Stop

    0.67 miles

  • Conoco Gas Station

    0.87 miles

  • Exxon

    0.92 miles

  • Cenex

    0.95 miles

  • Tesla Supercharger

    3.17 miles

Frequently Asked Questions

How much does KM Building cost?

The space currently listed for sale at KM Building asks for $11,000,000.

What is the total square footage of KM Building?

KM Building totals 80,000 square feet.

When was this property built?

KM Building was built in 1894.

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Contact Listing Broker
broker
Wendy Brown

SVN | Purewest Commercial Real Estate

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