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Kalispell 59901
2425 Highway 93 N
$2,292,000 - $2,800,000
● Commercial - Off Market

2425 Highway 93 N

Kalispell, MT 59901
bedrooms
Studio
bathrooms
0 Bath

About This Property

This prime commercial building with a long-term IHOP tenant, attractive lease terms, recent updates, and a strategic location in Kalispell presents an appealing investment opportunity in the rapidly growing Kalispell location. The primary lease term with IHOP has six years remaining, and is a nnn lease.  

One of the appealing aspects of this lease is that it includes attractive escalations. This means that the rent will increase over time, providing the potential for increased rental income. Furthermore, IHOP has the option to renew the lease for three additional 5-year terms. This provides potential for a long-term, stable income stream.  The property is situated on 1.04 acres of land in a prime location in Kalispell. It features a fully equipped kitchen, a dining room, and ADA-compliant restrooms. The paved parking and security lighting enhance convenience and safety. Call Linda P or your real estate professional to view the property and for additional information. The building was constructed in 2004 and has recently undergone updates, ensuring that it meets modern standards and requirements. Its close proximity to prominent big box stores like Petco, Home Depot, Bed Bath & Beyond, Target, and Best Buy makes it highly visible and easily accessible to customers. This is particularly advantageous for attracting foot traffic and potential customers to the IHOP establishment.

It is worth noting that Kalispell has been recognized as the fastest growing micropolitan area in America, highlighting the potential for growth and economic opportunities in the region. This factor further emphasizes the investment potential of the property.
Unit Size
-
Days on Market
-
Land Size
1.19 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$3,050
HOA Dues
-
Year Built
2004

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Price History

Date / Event Date Event Price
Mar 24, 2024 No longer available -
No longer available
Feb 7, 2024 In contract -
In contract
Oct 21, 2023 Price Decreased $2,546,584
↓ $212K (7.7%)
Price Decreased
Sep 29, 2023 Price Decreased $2,758,800
↓ $241K (8%)
Price Decreased
Apr 26, 2023 Price Decreased $2,999,500
↓ $401K (11.8%)
Price Decreased
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Property Highlights

Air Conditioning
Exterior Details
Stucco

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20230315
03/15/2023
Loft
-
-
$3,400,000
bedrooms
Loft
bathrooms
-
-
-
Linda Pistorese
Flathead Valley Brokers

Building Info

2425 U.S. 93 2425 U.S. 93, Kalispell, MT 59901
More about this Building
2425 U.S. 93
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