Mixed-Use Office-Retail Building with
For Lease
Contact for pricing
127 N Higgins Ave, Missoula, MT 59802
Circular, three-floor office and retail building with a sky-lit atrium and suites available in multiple sizes.
Property Size312 SF
Days on Market84
Property Features for 127 N Higgins Ave
General Information
Standard status
Active
Size
312 SF
Property subtype
OFFICE
Lease Type
SF/mo
Building Details
Stories
3
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #90048
(406) 360-3102
Source:
Moodyscre
Added: May 11
Changed: Jul 26
Last Checked: Aug 1 at 8:41AM
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
Investment Insights
Based on property information with market context.
The Penny Block Building offers office and retail suites across three floors plus a basement, arranged in a circular layout centered by a sky-lit atrium. Multiple suite sizes are available for immediate lease, with options ranging from approximately 136 to 912 square feet to accommodate expansion within the building. Interior-facing suites look out toward the atrium for daylight, while common areas are currently undergoing improvements including HVAC system updates, new flooring, paint, lighting, ADA compliance, and upgraded utilization of shared space.
Located in Downtown Missoula, the building sits between Main and Front Streets, directly adjacent to the Florence Building, and across from the Merc on North Higgins.
Lease structures include a mix of full-service and NNN options, and leasing incentives are available. The property is in mid-renovation and is positioned to support a variety of businesses with flexible suite configurations and natural light.
Located in Downtown Missoula, the building sits between Main and Front Streets, directly adjacent to the Florence Building, and across from the Merc on North Higgins.
Lease structures include a mix of full-service and NNN options, and leasing incentives are available. The property is in mid-renovation and is positioned to support a variety of businesses with flexible suite configurations and natural light.
Key Highlights
- Circular three‑floor office/retail building plus basement, centered by a sky‑lit atrium with interior‑facing suites.
- Suite sizes available for lease immediately, ranging from 136 SF to 912 SF, with options for expansion within the building.
- Multiple lease structures available, including full‑service and NNN.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
Market
Lease Benchmarks for Missoula, MT
$28.88 /SF/Yr
Avg Asking Price
$0.7–$250 /SF/Yr
Price Range
6,997 SF
Avg Space Size
This space is priced 10% below the average of $28.88 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Circular, three-floor office and retail building with a sky-lit atrium and suites available in multiple sizes.
Where is this office units located?
The property is located at 127 N Higgins Ave Missoula, MT.
What is the lease rate?
The lease rate is $675 /Mo.
What are key features of this property?
This property features: Circular three‑floor office/retail building plus basement, centered by a sky‑lit atrium with interior‑facing suites.; Suite sizes available for lease immediately, ranging from 136 SF to 912 SF, with options for expansion within the building.; Multiple lease structures available, including full‑service and NNN.
