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Property profile & analytics
FOR LEASE
Turn key restaurants

424 N Higgins Ave Missoula, MT 59802

8,550 SF 0.08 ac lot Built 1900
Entity Owned 2-yr Hold
Property ID
US52-0051729
Property summary
AI-generated overview

This exceptional four-story, 11,800-square-foot mixed-use building, constructed in 1900 and renovated in 2019, presents a rare opportunity in Missoula's vibrant downtown. Located on North Higgins Avenue, it boasts approximately 9,522 square feet of vacant space, offering significant potential for a variety of uses. The ground floor features approximately 11,800 square feet of street-level retail space, ideal for a flagship store or multiple tenants. A fully equipped bar with water and drain access is already in place. The upper three floors provide approximately 5,300 square feet of versatile office and event space. The second floor includes three large private offices, two restrooms, a kitchenette, open workspaces, and dual porch terraces. The third floor offers an expansive open event space with a wet bar, restroom, and a fully built-out suite with its own restroom and storage. The building is zoned CBD-4 and benefits from abundant natural light and elegant custom wood trim throughout. This historically significant property offers a unique blend of character and modern functionality, making it an exceptional investment opportunity in a thriving Montana market. The building's prime location ensures high visibility and accessibility.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction WOOD
Total area 8,550 SF
Lot 0.08 ac (3,267 SF)
Zoning code 6
APN 04-2200-22-2-39-09-0000
UPID US52-0051729
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thyme Management Restaurant Take-out & Catering
  • Pulley's Hot Sauce Food Processing Plant Factory
  • Meal Thyme Restaurant
  • Orchard Concrete Solutions Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Whittenburg Holdings LLC · 2 yrs held
Whittenburg Holdings LLC
since 2024
7 recorded transactions
2024
Price N/A
2018
Price N/A
2012
Price N/A
2010
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6 · Missoula, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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