502 Commerce StWhitefish, MT 59937

Property Details for 502 Commerce St

Year built

1975

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

8,400 SF

Zone code

1

Property type

Showrooms

APN

07-4184-01-1-15-40-0000

APU

7418401115400000

Description

This exceptional mixed-use property, situated at 502 Commerce Street in Whitefish, Montana, presents a compelling investment opportunity. Boasting a prime downtown location, this 8,400 square foot building sits on a 0.344-acre lot and offers significant potential for a variety of commercial uses. Constructed in 1975, the building currently features three warehouse spaces, two of which are occupied by solid tenants, providing immediate income potential. The property's desirable features include high ceilings, central air conditioning, a fully equipped kitchen area, a robust security system, and convenient overhead doors, enhancing its versatility and appeal. The strategic location in the heart of Whitefish's thriving commercial district ensures high visibility and accessibility, making it an ideal investment for both established businesses and discerning entrepreneurs. The property's existing infrastructure and adaptable layout provide a solid foundation for future expansion or redevelopment, catering to a wide range of commercial ventures. This is a rare opportunity to acquire a highly sought-after commercial property in one of Montana's most desirable locations. The asking price is $2,200,000. The property's zip code is 59937, and it is located in Flathead County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,328,785

  6.5%

  $2,149,648

  7%

  $1,996,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,513,230

  Geo Method

  $4,513,230

• Alternative Use

  Use

  Valuation

  Residential

  $1,813,308

  Hospitality

  $1,660,981

  Educational

  $1,381,916

  Medical

  $1,429,443

  Retail

  $2,149,648

Location Insight

City

Whitefish

County

Flathead

State

Montana

Latitude

48.3956

Longitude

-114.337

CBSA code

28060

CBSA name

KALISPELL, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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