50 2nd Street E | Kalispell
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 building Multiple restaurant tenants Average rent rate of $24/sq ft annually Management 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 location Opportunity 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 2025 33 Brand new leasable spaces, bathrooms and a kitchenette were added to the lower level in 2024 Additional square footage on the lower level is also available for development Fiber optic internet available throughout building Secured access at all entrances MTR 30043090
Directions to property: This building and the adjoining parking lot occupy the entire East side of the 200 block of 1st Ave E, Kalispell. You can approach it from the South at 35 3rd Street, or the North Entrance at 50 2nd Street E. A code is required to enter the building.
