20 Main StKalispell, MT 59901

Property Details for 20 Main St

Year built

1985

Construction

WOOD

Lot size

22.45 AC

Property size (Sq ft)

231,514 SF

Zone code

6

Property type

Community centers

APN

07-3966-07-4-13-12-0000

APU

7396607413120000

Description

This exceptional 348,742 square foot retail property in Kalispell, Montana, presents a unique redevelopment opportunity. Situated on a substantial 22.45-acre lot in Flathead County, this single-tenant building offers significant potential. The property boasts approximately 2,000 linear feet of frontage along the newly completed Parkline Trail, a $7.5 million hike and bike trail. Its strategic location in historic downtown Kalispell places it at the heart of the city's 2012 Master Plan, occupying an area comparable to the length of Main Street. Currently vacant, the property allows for the immediate redevelopment of approximately 7.5 acres on the west side, offering the chance to increase density under existing zoning regulations. The property's size and location within a high-growth market make it an irreplaceable infill opportunity. Previous tenants included notable names such as JC Penney, U.S. Bank, Starbucks, Bath & Body Works, LensCrafters, Claire's, and the Red Lion Hotel (operated by Sonesta International Hotel Group). This is a chance to reposition a significant asset in a thriving Montana community. The property's address is 20 N Main St, Kalispell, MT 59901, and it is zoned for commercial use. The property is listed as a single-tenant building, with the entire 348,742 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $50,089,900

  6.5%

  $46,236,800

  7%

  $42,934,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $51,335,500

  Geo Method

  $51,335,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $90,318,700

  Mixed-Use / Specialty

  $46,010,400

  Hospitality / Lodging

  $33,676,200

  Office

  $45,673,000

  Institutional / Educational

  $47,810,300

  Residential Income

  $55,938,100

  Multifamily

  $67,430,400

  Automotive / Energy

  $40,980,300

  Parking / Income-Based Land

  $14,202,600

  Restaurant / Food Service

  $23,799,000

  Healthcare / Senior Housing

  $47,246,000

Location Insight

City

Kalispell

County

Flathead

State

Montana

Latitude

48.1988

Longitude

-114.318

CBSA code

28060

CBSA name

KALISPELL, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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