250 2Nd StWhitefish, MT 59937

Property Details for 250 2Nd St

Year built

1973

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

1,974 SF

Zone code

6

Property type

Retail properties

Property subtype

Turn key restaurants

APN

07-4292-36-1-17-01-0000

APU

7429236117010000

Description

This exceptional commercial property, located at 250 E. 2nd Street in the heart of Whitefish, Montana, offers two available retail or restaurant spaces totaling 2,785 square feet. Situated in the vibrant downtown core of this renowned mountain town, the property benefits from high foot traffic and proximity to Glacier National Park, a major tourist destination. Each suite is independently rentable, with a minimum divisible space of 985 square feet and a maximum contiguous space of 1,800 square feet. One suite offers approximately 1,800 square feet of interior space, complemented by an additional 985 square feet of patio space, ideal for outdoor dining or retail display. The property's prime location within Whitefish, a thriving community known for its upscale amenities and proximity to world-class skiing and outdoor recreation, ensures high visibility and strong potential for success. Estimated 2016 insurance costs were $0.85 per square foot, and estimated 2016 taxes were $2.26 per square foot. Utilities are the responsibility of the tenant, potentially through sub-metering. This presents a unique opportunity to establish a business in one of Montana's most desirable locations. The property is currently fully vacant, providing immediate occupancy for new tenants. The building is ideally suited for a variety of retail or restaurant concepts, capitalizing on the significant year-round tourist traffic and affluent local population.

• CAP approach

  CAP return

  Valuation

  6%

  $547,269

  6.5%

  $505,172

  7%

  $469,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,609

  Geo Method

  $1,060,609

• Alternative Use

  Use

  Valuation

  Residential

  $426,131

  Hospitality

  $390,334

  Educational

  $324,753

  Medical

  $335,922

  Retail

  $505,172

Location Insight

City

Whitefish

County

Flathead

State

Montana

Latitude

48.4108

Longitude

-114.34

CBSA code

28060

CBSA name

KALISPELL, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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