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    127 Higgins Ave Missoula, MT 59802

    For Lease
    $16 SF/Yr

    Prime Downtown Missoula location, flexible suites.

    Lot size:
    31,179 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional three-story, 31,179 square foot Class B office building, located at 127 N Higgins Ave in Missoula, Montana, offers a unique opportunity for businesses seeking a prestigious downtown address. Built in 1915 and extensively renovated in 2022, the building boasts 30 suites ranging in size from approximately 300 to 1,952 square feet, providing flexibility for various business needs. The building features a striking circular design centered around a sky-lit atrium, offering abundant natural light to interior-facing suites. Currently, 2,882 square feet of space is available for lease. Common area improvements are underway, including HVAC upgrades, new flooring, paint, lighting, and ADA compliance enhancements. The building's central location, between Main and Front Streets, places it adjacent to the Florence Building and across from the Merc, offering excellent visibility and accessibility. While on-site parking is not available, leasing options include both full-service and NNN lease structures. The building is zoned CBD-4. The property's unique character, combined with modern amenities and a prime downtown location, makes it an ideal space for innovative and established businesses alike. Matterport virtual tours are available for the second and third floors to view available suites. Further information regarding downtown leasing parking can be found at the provided city link. The APN is 04-2200-22-2-19-04-0000.

    Property Features for 127 Higgins Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,179 SF
    Class
    B
    Total Rate
    41572

    Building Details

    Year Built/Renovated
    1915/2022
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 302
    Size
    412 SF
    Rate per SF
    $18
    Space
    Suite 206
    Size
    518 SF
    Rate per SF
    $18
    Space
    Suite 207
    Size
    1,952 SF
    Rate per SF
    $25
    Space
    Suite 307C
    Size
    318 SF
    Rate per SF
    $16

    HighLights

    • Centrally located in Downtown Missoula, Montana.
    • Newly renovated 31,179 SF Class B office building (2022).
    • Abundant natural light from a striking circular design with sky‑lit atrium.
    • 30 suites available, ranging from 300 to 1,952 square feet; 2,882 SF currently available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Artists' Shop Art Gallery Massage in Missoula- Rachel ... Massage Therapist An Escape-Massage Therapy Massage Therapist Rob Terwilliger LCPC Counselor Melody L. Barnes, ... Social Worker

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.995359
    Latitude
    46.8708466

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Missoula location, flexible suites.
    Where is this office property / space located?
    The property is located at 127 Higgins Ave Missoula, MT.
    What is the lease rate?
    The lease rate is $16-$25 SF/Yr.
    What are key features of this property?
    This property features: Centrally located in Downtown Missoula, Montana.; Newly renovated 31,179 SF Class B office building (2022).; Abundant natural light from a striking circular design with sky-lit atrium.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 Higgins Ave Missoula, MT 59802
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