428 1st Ave W

Investment Overview

Central Kalispell Development Opportunity / Mixed-Use Income Property with Expansion Potential! This centrally located Kalispell mixed-use property offers a rare blend of immediate income, modernized interiors, and meaningful long-term development potential. Totaling 2,344 square feet, the site includes a well-maintained main building constructed in 2005 along with a connected 1940 structure that adds flexibility for future improvements. All seven income-producing areas — five office suites and two studio apartments — are fully leased, providing stable, reliable income from day one. The ground-floor studio in the older portion of the building was recently renovated and is now occupied, offering long-term flexibility for future conversion to commercial use if desired.. The older structure sits on a crawl-space foundation and has settled unevenly over the years, creating a clear value-add pathway for investors or developers looking to enhance or redevelop the property. Its central location offers strong visibility and easy access, supported by on-site parking that serves both tenants and visitors. With updated interiors, existing cash flow, and multiple avenues for future growth, this property stands out as a compelling opportunity in one of Kalispell’s most active and evolving corridors.

Investment Highlights

• Central Kalispell location with strong visibility along an active commercial corridor
• 2,344 SF mixed‑use property offering both income and redevelopment potential
• Recently updated interiors throughout the occupied spaces, creating a modern, appealing environment for tenants
• Five leased office suites and 2 fully occupied studio apartments providing immediate, stable income
• Vacant ground‑floor space in the older structure ideal for redevelopment or conversion into an additional residential unit
• Two connected buildings: a well‑maintained 2005 structure and a 1940 structure with a known foundation issue—presenting a clear value‑add opportunity
• On‑site parking offering convenient access for tenants and visitors
• Strong long‑term upside for investors, developers, or owner‑users in a rapidly evolving corridor