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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
- 100% occupied with an active tenant waiting list and a collegial, cross-referring tenant community (wellness, financial & professional services)
- Anchor tenant committed through June 2029, with additional suites carrying contracted rent escalations through 2027–2028
- Third-floor suite with river & mountain views, two large dedicated parking lots, and steps from the Whitefish River Trail and downtown
- 7.0% cap rate on ~$139,000 NOI; 1031 exchange buyers welcome
- Renovated 2020–2025 with move-in ready finishes; 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
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- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 0000865990 |
| Cap Rate | 7.00% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.00% |
| APN/Parcel ID | 0000865990 |
Description
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.
More than a building, Riverside Plaza is a genuine professional community. Its tenant roster — healthcare, legal, wellness, financial services, landscape architecture, construction management, and nonprofits — actively cross-refers clients, reinforcing its own retention. That collegiality, plus an on-site waiting list, gives this asset a stickiness hard to replicate elsewhere.
100% occupied today, with net operating income of approximately $139,000/year reflecting a 7.0% cap rate. 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.
Buyers seeking scale should ask about acquiring Unit 4 (2nd floor, also 100% leased) alongside Unit 5 — over 10,000 SF combined, with majority ownership of the building.
1031 exchange buyers welcome.
More than a building, Riverside Plaza is a genuine professional community. Its tenant roster — healthcare, legal, wellness, financial services, landscape architecture, construction management, and nonprofits — actively cross-refers clients, reinforcing its own retention. That collegiality, plus an on-site waiting list, gives this asset a stickiness hard to replicate elsewhere.
100% occupied today, with net operating income of approximately $139,000/year reflecting a 7.0% cap rate. 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.
Buyers seeking scale should ask about acquiring Unit 4 (2nd floor, also 100% leased) alongside Unit 5 — over 10,000 SF combined, with majority ownership of the building.
1031 exchange buyers welcome.
Sale Notes
- Offered at $1,985,000 — 7.0% cap rate, 100% leased at closing
- 1031 exchange buyers welcome
- Available individually or paired with Unit 4 under one purchase agreement
- Buyer to conduct independent due diligence; financials available upon request
- 1031 exchange buyers welcome
- Available individually or paired with Unit 4 under one purchase agreement
- Buyer to conduct independent due diligence; financials available upon request
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 | 5,150 SF | Office | $1,985,000 ($385.44/SF) | $139,000 |
Unit 5
| Unit Size |
| 5,150 SF |
| Condo Use |
| Office |
| Price |
| $1,985,000 ($385.44/SF) |
| NOI |
| $139,000 |
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Unit 5
| Unit Size | 5,150 SF |
| Condo Use | Office |
| Price | $1,985,000 ($385.44/SF) |
| NOI | $139,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.00% |
| APN/Parcel ID | 0000865990 |
| Description | |
| 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.<br> <br> More than a building, Riverside Plaza is a genuine professional community. Its tenant roster — healthcare, legal, wellness, financial services, landscape architecture, construction management, and nonprofits — actively cross-refers clients, reinforcing its own retention. That collegiality, plus an on-site waiting list, gives this asset a stickiness hard to replicate elsewhere.<br> <br> 100% occupied today, with net operating income of approximately $139,000/year reflecting a 7.0% cap rate. 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. <br> <br> 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.<br> <br> Buyers seeking scale should ask about acquiring Unit 4 (2nd floor, also 100% leased) alongside Unit 5 — over 10,000 SF combined, with majority ownership of the building.<br> <br> 1031 exchange buyers welcome.</li></ul> | |
| Sale Notes | |
| - Offered at $1,985,000 — 7.0% cap rate, 100% leased at closing<br> - 1031 exchange buyers welcome<br> - Available individually or paired with Unit 4 under one purchase agreement<br> - Buyer to conduct independent due diligence; financials available upon request</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
4,855
10,118
12,959
2025 Population
6,532
14,128
18,005
Population Growth '20-'25
34.5%
39.6%
38.9%
2020 Households
2,267
4,560
5,738
2025 Households
3,040
6,346
7,960
Household Growth '20-'25
34.1%
39.2%
38.7%
Average Age
43
44
44
Median Household Income
$73,366
$77,214
$81,436
Daytime Employees
4,377
7,507
8,492
Total Businesses
728
1,122
1,235
College Degree + Higher
47%
50%
48%
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100 2nd St E - Riverside Plaza Unit 5