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    500 Russell St, Unit Missoula Missoula, MT 59801

    For Sale
    $1,250,000

    Updated commercial space with high traffic, versatile layout, and development potential.

    Building Details

    Year built
    1957

    Source: PureWest Real Estate Agent PureWest Real Estate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Visibility Commercial Space in Missoula

    This highly visible commercial space is situated in the heart of Missoula, at the intersection of Russell Street and 3rd Street. The property has been recently updated and benefits from significant exposure, with an estimated daily traffic count exceeding 35,000 vehicles in 2024. The building provides approximately 1664 square feet of space distributed between the main level and a full basement, suitable for retail, office, or service-oriented businesses. Access is available from Russell Street and a rear alley. A parking lot is included. The property is zoned C1-4 (Neighborhood Commercial) and is located within URD II, potentially qualifying it for Tax Increment Financing (TIF) through the Missoula Redevelopment Agency. It also falls within the Design Excellence - Corridor Typology 2 Overlay and the Southside Riverfront Neighborhood Character Overlay, enhancing its development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crystal Imports Jeweler

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0182056
    Latitude
    46.8667913

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    FAQs

    What type of property is this?
    Retail space - Updated commercial space with high traffic, versatile layout, and development potential.
    Where is this retail space located?
    The property is located at 500 Russell St, Unit Missoula Missoula, MT.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - High-visibility location at the intersection of Russell Street & 3rd Street with 35,000+ daily vehicle traffic.; - Versatile 1664 sq. ft. space between the main level and full basement suitable for retail, office, or service businesses.; - Convenient access via Russell Street and a rear alley, plus a dedicated parking lot.
    (406) 885-6987
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Russell St, Unit Missoula Missoula, MT 59801
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