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The Ford Building 17 2nd St E 14,000 SF 100% Leased Retail Building Kalispell, MT 59901 $3,129,000 ($223.50/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

Exceptional opportunity for 1031 buyers and investors
At the center of Kalispell’s Central Business District
Retail tenants are among the best in their fields, while predominance of therapists on second floor provide great stability

Excellent tenant mix with consistently high occupancy rate; virtually no vacancy or credit loss, even during Covid years
Suites remodeled to retain historical charm but with modern convenience
Owner may be willing to assist during transition to long-term property manager

EXECUTIVE SUMMARY

As anyone who’s shopped for stabilized income-producing properties in Northwest Montana knows, there are precious few good options on the market. The Ford Building represents an exceptional opportunity for 1031 buyers and investors seeking steady cash flow largely insulated from capital market swings, with a 7 cap rate and a superb tenant mix of retailers and professional-service providers. This fully leased, beautifully restored building is on one of Kalispell’s busiest streets in the burgeoning downtown historical district. With just 0.5% vacancy over the past 3 years, the Ford Building’s 16 suites blend historic charm and modern updates, attracting a high-quality, stable professional and retail tenant mix. Vacancies, which are rare, are typically filled within hours, not days or weeks. Eleven diverse tenants (some with multiple suites) offer a buffer from the risk of single-tenant spaces. Ground floor retail suites offer excellent street-level visibility and access, while professional service providers on the second floor, many of them therapists, enjoy bright, quiet work spaces with a strong sense of community.
In addition to 14,000sf above ground, the 7,000sf basement — used by tenants but not included in rent — offers potential upside to new owner. Two of the larger tenants are on long-term leases; the rest are on month-to-month tenancy, offering maximum flexibility to the owner/landlord to respond to changing market conditions or free up space for personal use.
Completion of the Kalispell Parkline Trail — a multi-use, dog-friendly trail open to walkers, bikers, and runners running through downtown Kalispell — in 2022 led the way to downtown commercial and recreational development. Within a block of the Ford Building, planned developments include an 11,000sf steakhouse and a 5-story luxury hotel. Located in the heart of downtown revitalization and poised for continued growth, this is Montana income property at its finest. Seller is a licensed real estate agent.