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100 2nd St E - Riverside Plaza Unit 5 5,150 SF Office Condo Unit Offered at $1,985,000 in Whitefish, MT 59937
Investment Highlights
- Stabilized Income Asset— 7.25% Cap Rate and a $144,000 NOI on Fully Leased Office Condo — 1031 exchange buyers welcome.
- Prime location with anchor tenant committed through June 2029, with additional suites carrying contracted rent escalations through 2027–2028.
- Proven building comp, with Unit 7 at Riverside Plaza closed in July 2026 at a 7% cap rate.
- 100% occupied with an active tenant waiting list and a collegial, cross-referring tenant community (wellness, financial & professional services).
- Renovated 2020–2025 with move-in-ready finishes, with building systems and common areas managed by the condo association for passive ownership.
- Optional pairing with Unit 4 for majority building ownership, in Flathead County — Montana's #1 fastest-growing county since 2020.
Executive Summary
A rare, fully stabilized office condominium investment in downtown Whitefish — one of Montana's fastest-growing, highest-income micro-markets. Unit 5 spans 5,150 SF on the third floor of Riverside Plaza: 11 leased executive suites with river and mountain views, steps from the Whitefish River Trail. 100% occupied today, with net operating income of approximately $144,000/year reflecting a 7.25% cap rate — a meaningful premium to the building's most recent trade: Unit 7 at Riverside Plaza closed July 2026 at a 7% cap rate. That comparable sale, in the same asset, underscores both the strength of this market and the value on offer here. That income is anchored by working professionals drawn to Whitefish's lifestyle-led growth — Flathead County has been Montana's #1 fastest-growing county since 2020, with remote professionals now over a fifth of the local labor force — in a market where comparable office product is nearly impossible to find. Two dedicated parking lots, a genuinely scarce amenity in this part of downtown Whitefish, give tenants a further edge. In-place leases carry contracted rent escalations through 2027–2028, with an anchor tenant secured through June 2029. Staggered suite expirations through 2029 give an owner/user a path to phase into occupancy over time, while the rest of the unit keeps generating income. More than a building, Riverside Plaza is a genuine professional community. The current tenant roster includes healthcare, legal, wellness, financial services, landscape architecture, construction management, and nonprofits that actively cross-refer clients, reinforcing its own retention. That collegiality, plus an on-site waiting list, gives this asset a stickiness that is hard to replicate elsewhere. Buyers seeking scale should ask about acquiring Unit 4 (2nd floor, also 100% leased) alongside Unit 5, creating over 10,000 square feet combined with majority ownership of the building. 1031 exchange buyers welcome 2.5% Buyer's Broker Commission Offered.
Data Room Click Here to Access
- Operating and Financials
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 0000865990 |
| Cap Rate | 7.25% |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| APN/Parcel ID | 0000865990 |
Available individually or paired with Unit 4 under one purchase agreement
Buyer to conduct independent due diligence; financials available upon request
2.5% Buyer's Broker Commission Offered.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 | 5,150 SF | Office | $1,985,000 ($385.44/SF) | $144,000 |
Unit 5
| Unit Size |
| 5,150 SF |
| Condo Use |
| Office |
| Price |
| $1,985,000 ($385.44/SF) |
| NOI |
| $144,000 |
Unit 5
| Unit Size | 5,150 SF |
| Condo Use | Office |
| Price | $1,985,000 ($385.44/SF) |
| NOI | $144,000 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| APN/Parcel ID | 0000865990 |
| Sale Notes | |
| Offered at $1,985,000 — 7.25% cap rate, 100% leased at closing, 1031 exchange buyers welcome.<br> <br> Available individually or paired with Unit 4 under one purchase agreement<br> Buyer to conduct independent due diligence; financials available upon request<br> 2.5% Buyer's Broker Commission Offered.</li></ul> |
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
Demographics
Demographics
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100 2nd St E - Riverside Plaza Unit 5
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