231 1St StWhitefish, MT 59937

Property Details for 231 1St St

Year built

2006

Construction

WOOD

Property size (Sq ft)

968 SF

Property type

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.

• 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

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

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