428 1st Avenue W, Kalispell

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.