Historic Missoula Property for
1005 Gerald Ave, Missoula, MT 59801
National Register-listed property with adaptive reuse potential in Missoula's University District.
Type:Hospitality, Mixed Use, Office, Retail
Property size:
18,875 SFPrice / SF:
$185/SF- Added:
- Feb 3, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1005 Gerald Ave
General Information
- Standard status
- Active
- Size
- 18,875 SF
- Property subtype
- Hospitality, Mixed Use, Office, Retail
Building Details
- Year Built
- 1915
Listing agent Matt Mellott, CCIM, SIOR License #MT RRE-RBS-BRO-52907
Listing office Sterling CRE Advisors
Listing date Feb 3, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sterling CRE Advisors
HighLights
- Eligible for Federal and Montana Historic Tax Credits (up to 25% of qualified rehabilitation costs).
- Large building size: ±13,977 square feet above grade with an additional ±4,898 square feet below grade.
- Located in Missoula's University District.
- U‑R4 zoning allows a broad range of uses by right.
- National Register‑listed historic property.
- Built in 1915, offering historic character and architectural significance.
Overview
Located in Missoula’s University District, The John R. Toole House at 1005 Gerald Avenue is a historic property listed on the National Register. The building provides an adaptive reuse opportunity. The property has approximately 13,977 square feet above grade, complemented by an additional 4,898 square feet of below-grade space. The U-R4 zoning allows a range of uses. The property's historic designation makes it eligible for the Federal 20% Historic Tax Credit and Montana’s 5% Historic Tax Credit, potentially offsetting up to 25% of qualified rehabilitation costs. The property is suitable for an owner-user or mission-driven investor. Potential uses include boutique medical or wellness practices, institutional or educational users, professional office conversion, or residential condominium redevelopment consistent with historic preservation standards. The property may be impacted by asbestos and/or lead-based paint. Additionally, a previous leak impacted the third floor. The total property size is 18,875 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Kappa Kappa Gamma
Volunteer Organization
Location Insight
- Map
- Local Demand
- City
- Missoula
- County
- Missoula
- State
- Montana
- Longitude
- -113.9963994
- Latitude
- 46.8616838
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FAQs
What type of property is this?
Mixed-use property - National Register-listed property with adaptive reuse potential in Missoula's University District.
Where is this mixed-use property located?
The property is located at 1005 Gerald Ave Missoula, MT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Eligible for **Federal and Montana Historic Tax Credits** (up to 25% of qualified rehabilitation costs).; **Large building size**: ±13,977 square feet above grade with an additional ±4,898 square feet below grade.; Located in Missoula's University District.
