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Downtown Office Building with Atrium
For Lease
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127 N Higgins Ave, Missoula, MT 59802

Three-floor office building with a skylit atrium offers multiple suite sizes with suite views to the atrium.

Property Size244 SF
Days on Market84

Property Features for 127 N Higgins Ave

General Information

Standard status Active
Size 244 SF
Property subtype OFFICE

Amenities

sky-lit atrium

Building Details

Stories 3
Tenancy Multi
Listing Agency: Sterling CRE Advisors
Listed By: Claire Matten, CCIM/SIOR · License #90048
Source: Moodyscre
Added: May 11 Changed: Jul 28 Last Checked: Aug 1 at 11:09AM

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 is a multi-tenant office property arranged across three floors and a basement, centered by a skylit atrium in a circular design. The building currently has suites available for lease, with sizes ranging from approximately 136 to 912 square feet. Suite layouts are interior-facing, looking toward the atrium for natural light.

The property is situated in Downtown Missoula, tucked between Main and Front Streets. Public remarks indicate the building is adjacent to the Florence Building and across from the Merc on North Higgins.

Common areas are in the middle of improvements, including HVAC system updates, new flooring, paint, lighting, ADA compliance upgrades, and revised space utilization throughout the building. Leasing structures are described as a mix of full-service and NNN options, with leasing incentives noted as available.

Key Highlights

  • Three‑floor office building plus basement with a sky‑lit atrium at the center of the circular design
  • Multiple office/retail suites for lease immediately, ranging from 136 SF to 912 SF
  • Suites offer interior views to the atrium for natural light

Property Analytics

Current Use

The Artists' Shop Gift Shop Massage in Missoula- Rachel ... Alternative Medicine Practice An Escape-Massage Therapy Alternative Medicine Practice Rob Terwilliger LCPC Counselor Melody L. Barnes, ... Foster Care Service

Suggested Use

Top Pick Electrical Service Auto Parts Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Home Appliance Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,937
Businesses Nearby

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

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-floor office building with a skylit atrium offers multiple suite sizes with suite views to the atrium.
Where is this office building located?
The property is located at 127 N Higgins Ave Missoula, MT.
What are key features of this property?
This property features: Three‑floor office building plus basement with a sky‑lit atrium at the center of the circular design; Multiple office/retail suites for lease immediately, ranging from 136 SF to 912 SF; Suites offer interior views to the atrium for natural light
(406) 360-3102 Call to check price and availability
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