Office Suites with Skylit
For Lease
Contact for pricing
127 N Higgins Ave, Missoula, MT 59802
Three-story office building plus basement with naturally lit atrium-facing suites available for lease.
Property Size136 SF - 912 SF
Days on Market547
Property Features for 127 N Higgins Ave
General Information
Standard status
Active
Size
136 SF - 912 SF
Net Rentable
136 SF
Property subtype
OFFICE
Lease Type
SF/mo
Space & Availability
Available Space
136-912 SF
Space Use
Office
Available From
Immediate
Amenities
sky-lit atrium
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Sterling CRE Advisors
(406) 360-3102
Listed By:
Claire Matten, CCIM/SIOR · License #90048
(406) 360-3102
Source:
Moodyscre
Added: Feb 1, 2025
Changed: Jul 29
Last Checked: Aug 1 at 9:28AM
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 suites across three floors and a basement, arranged in a distinctive circular layout centered by a sky-lit atrium. Interior-facing suites look out over the atrium and are designed to bring in abundant natural light, while multiple suite sizes are available for immediate lease.
The building is located in downtown Missoula, tucked between Main and Front Streets. It sits directly adjacent to the Florence Building and across from the Merc on North Higgins, providing convenient proximity to downtown activity.
The property is mid-renovation, with common area improvements underway that include HVAC system updates, new flooring, fresh paint, updated lighting, ADA compliance upgrades, and improved space utilization throughout the building. Suite sizes vary from 136 SF to 912 SF, and leasing is available using a mix of full-service and NNN lease structures. Leasing incentives are available.
The building is located in downtown Missoula, tucked between Main and Front Streets. It sits directly adjacent to the Florence Building and across from the Merc on North Higgins, providing convenient proximity to downtown activity.
The property is mid-renovation, with common area improvements underway that include HVAC system updates, new flooring, fresh paint, updated lighting, ADA compliance upgrades, and improved space utilization throughout the building. Suite sizes vary from 136 SF to 912 SF, and leasing is available using a mix of full-service and NNN lease structures. Leasing incentives are available.
Key Highlights
- Circular, three‑floor office building plus basement centered by a sky‑lit atrium
- Atrium‑facing suites built for abundant natural light
- Suite sizes available for lease range from 136 SF to 912 SF
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 25% below the average of $28.88 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Three-story office building plus basement with naturally lit atrium-facing suites available for lease.
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 $1,644 /Mo.
What are key features of this property?
This property features: Circular, three‑floor office building plus basement centered by a sky‑lit atrium; Atrium‑facing suites built for abundant natural light; Suite sizes available for lease range from 136 SF to 912 SF
