Two-Building Retail
For Sale
$2,499,000
2501 S Russell Street, Missoula, MT 59801
CommercialSale, Missoula, MT
Property Size11,600 SF
Lot Size0.54 Acres
Price / SF$215.43
Days on Market1006
Property Features for 2501 S Russell Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C1-4
Parking features
On Street
Exterior features
Storage
Directions
Brooks and Russell
Standard status
Active
APN
04220032154200000
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
CENTRAL ADDITION, S32, T13 N, R19 W, BLOCK 6, Lot 1 - 4&CENTRAL ADDITION, S32, T13 N, R19 W, BLOCK 1, FRAC OF LOTS 17 THRU 20
Tax Annual Amount
25476
Legal Description
CENTRAL ADDITION, S32, T13 N, R19 W, BLOCK 6, Lot 1 - 4&CENTRAL ADDITION, S32, T13 N, R19 W, BLOCK 1, FRAC OF LOTS 17 THRU 20
Utilities
Heating system
Zoned, Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1953
Flooring type
Concrete
Building materials
Block, MetalSiding
Additional Structures
Storage
Listing Agency:
PureWest Real Estate - Missoula
(406) 541-4000
Listed By:
Devin Khoury · License #RRE-BRO-LIC-14766
(406) 207-8200
Added: Jan 4, 2024
Changed: Sep 14
Last Checked: Oct 6 at 4:06AM
MLS# 30018594
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.
Investment Insights
Based on property information with market context.
This retail property includes two commercial buildings totaling approximately 11,600 sq ft on two separate legal parcels. The site covers 0.54 acres and includes storage, concrete flooring, block and metal siding, forced-air and zoned heating, natural gas, and central air conditioning. The buildings date to 1953 and are supported by on-street parking.
The property is positioned at the intersection of Brooks and Russell in Missoula, with the addresses 2501 S Russell Street and 2400 Brooks St. The intersection carries almost 50,000 cars per day. The owner would consider selling the parcels separately, providing flexibility for buyers evaluating one or both components.
The property is positioned at the intersection of Brooks and Russell in Missoula, with the addresses 2501 S Russell Street and 2400 Brooks St. The intersection carries almost 50,000 cars per day. The owner would consider selling the parcels separately, providing flexibility for buyers evaluating one or both components.
Key Highlights
- Approximately 11,600 sq ft across two commercial buildings
- 0.54‑acre site on two separate legal parcels
- Located at Brooks and Russell in Missoula
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,237
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,864,740
$2.9M
Cap Rate 7%
$2,046,243
$2.0M
Cap Rate 9%
$1,591,522
$1.6M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$208.8K $18.00/SF
− Vacancy
−$4.2K −$0.36/SF
EGI
$204.6K $17.64/SF
− OpEx
−$61.4K −$5.29/SF
NOI
$143.2K $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%
$2,864,740
Cap Rate 7%
$2,046,243
Cap Rate 9%
$1,591,522
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,237 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.34M
$2.93M – $3.90M
NOI $234,117 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 20%
Apparel 11%
Leisure 9%
Hobby Lobby
Shops & Services
46,562 visits/mo
0.4 miles
Dillard's
Apparel
36,798 visits/mo
0.4 miles
AMC Dine-In Southgate 9
Leisure
29,686 visits/mo
0.5 miles
Albertsons
Groceries
29,181 visits/mo
0.2 miles
Wendy's
Dining
28,108 visits/mo
0.5 miles
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Two commercial buildings occupy separate parcels at the Brooks and Russell intersection in Missoula.
Where is this retail space located?
The property is located at 2501 S Russell Street Missoula, MT.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Approximately 11,600 sq ft across two commercial buildings; 0.54‑acre site on two separate legal parcels; Located at Brooks and Russell in Missoula
