Downtown Storefront
245 W Main Street, Missoula, MT 59802
For Sale
$795,000
Under Contract
CommercialSale, Missoula, MT
Property Size2,925 SF
Lot Size0.07 Acres
Price / SF$271.79
Days on Market52
Property Features for 245 W Main Street
General Information
Property type
Property subtype
Zoning description
Parking features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Buildings
Listing Agency:
Engel & Volkers Western Frontier - Missoula · Engel & Völkers
(406) 926-3322
Listed By:
William Ward · License MT RRE-RBS-LIC-108369
(406) 531-3438
Added: Sep 24
Changed: Oct 26
Last Checked: Nov 14 at 12:06AM
MLS# 30078830
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 245 W Main Street, this storefront property contains approximately 2,925 square feet on a 3,006-square-foot parcel. Built in 1965, the building has forced-air heat and central air conditioning, with on-street parking. Public water and sewer serve the property.
D-C Downtown Core zoning accommodates a range of potential uses, subject to applicable city requirements and approvals. City permit records document replacement of water and sewer service lines, along with plumbing, bathroom, and mechanical work. Buyers should verify the building area, permit records, and suitability for their intended use.
D-C Downtown Core zoning accommodates a range of potential uses, subject to applicable city requirements and approvals. City permit records document replacement of water and sewer service lines, along with plumbing, bathroom, and mechanical work. Buyers should verify the building area, permit records, and suitability for their intended use.
Key Highlights
- 2,925 square feet of commercial space on a 3,006‑square‑foot parcel
- D‑C Downtown Core zoning, with potential uses subject to city requirements and approvals
- City permit records document water and sewer service line replacements, plumbing and bathroom work, and mechanical work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,118
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,360
$722.4K
Cap Rate 7%
$515,971
$516.0K
Cap Rate 9%
$401,311
$401.3K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$52.7K $18.00/SF
− Vacancy
−$1.1K −$0.36/SF
EGI
$51.6K $17.64/SF
− OpEx
−$15.5K −$5.29/SF
NOI
$36.1K $12.35/SF
Area
Missoula County, MT
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,360
Cap Rate 7%
$515,971
Cap Rate 9%
$401,311
Alternative Uses
Best Use
Retail
$516.0K
$451.5K – $602.0K
NOI $36,118 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$843.3K
$737.9K – $983.9K
NOI $59,034 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,301
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Hotels & Casinos 42%
Dining 10%
Apparel 2%
Residence Inn by Marriott Missoula Downtown
Hotels & Casinos
14,080 visits/mo
0.2 miles
Exxon
Shops & Services
5,435 visits/mo
0.4 miles
Sinclair
Shops & Services
5,172 visits/mo
0.5 miles
The UPS Store
Shops & Services
5,006 visits/mo
0.1 miles
Jimmy John's
Dining
4,247 visits/mo
0.2 miles
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
Check the figures for this property
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - D-C Downtown Core zoning provides a framework for evaluating a range of uses, subject to city requirements and approvals.
Where is this storefront property located?
The property is located at 245 W Main Street Missoula, MT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,925 square feet of commercial space on a 3,006‑square‑foot parcel; D‑C Downtown Core zoning, with potential uses subject to city requirements and approvals; City permit records document water and sewer service line replacements, plumbing and bathroom work, and mechanical work
