231 1St StWhitefish, MT 59937

  • Office properties
  • 968 SF
For Sale
$425,000 View listing

Property Details for 231 1St St

Year built
2006
Construction
WOOD
Property size (Sq ft)
968 SF
Property type
Office properties
Property subtype
Other office properties
APN
07-4292-36-1-16-20-7005
APU
7429236116207005

Description

This exceptional 504-square-foot commercial condo, located at 231 E 1st Street Unit F in Whitefish, Montana's historic Railway District, presents a compelling investment opportunity. Boasting WB3 zoning, the property is ideally suited for a variety of uses, including office space, professional services, or retail. The unit features a desirable open layout bathed in natural light from large windows, enhancing its appeal and functionality. A private bathroom and a small outdoor patio add to its convenience and charm. The property benefits from a shared courtyard with five parking spaces, providing ample parking for clients and employees. Its enviable location offers immediate proximity to a wealth of amenities, including numerous shops and restaurants, convenient access to bike and pedestrian paths, a SNOW bus stop, and the train depot. The property's strong investment potential is further underscored by its consistent rental history (currently leased), its proximity to a new hotel under construction (a one-minute walk), and the proposed expansion of the downtown master plan, promising future growth and increased value. Adding to its attractiveness, owner financing is available, making this an even more accessible and attractive proposition for discerning investors. This is a rare opportunity to acquire a thriving commercial property in a rapidly developing area of Whitefish.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $182,559
    6.5%
    $168,516
    7%
    $156,479
  • Comparable approach

    Method
    Valuation
    Relative Method
    $206,387
    Geo Method
    $206,387
  • Alternative Use

    Use
    Valuation
    Residential
    $208,960
    Hospitality
    $191,406
    Educational
    $159,247
    Medical
    $164,724
    Retail
    $247,718
231 1St St, Whitefish, Montana

Location Insight

City
Whitefish
County
Flathead
State
Montana
Latitude
48.4114
Longitude
-114.34
CBSA code
28060
CBSA name
KALISPELL, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,667
-
-
$380,600
-
$210,618
$169,982
$380,600

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