100 2nd St E
Whitefish, MT 59937

• Unit Size: 5,150 SF
• Condo Use: Office
• Price: $1,985,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $385.44 USD

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.

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