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Missoula Midtown Office Space Available

2601 Garfield Street, Missoula, MT 59801

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For Sale

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Office building with parking in Midtown Missoula near Southgate Mall.

Type:Retail, Office

Property size:

19,008 SF

Lot size:

1.46 Acres

Price / SF:

$236/SF

HighLights

High‑traffic location adjacent to Southgate Mall and near Brook Street Commercial Corridor.
Large ±19,008 SF building on a ±1.46 acre parcel with private parking.
Permissive commercial zoning suitable for medical, professional office, or retail.
Includes three drive‑thru bays.
ADA‑accessible amenities, including an elevator.
Located in the Southgate Triangle, surrounded by established commercial businesses.

We can help!

Contact an agent

Matt Mellott, CCIM, SIOR

For Sale

Contact for pricing

Office building with parking in Midtown Missoula near Southgate Mall.

Type:Retail, Office

Property size:

19,008 SF

Lot size:

1.46 Acres

Price / SF:

$236/SF

Added:: Aug 16, 2024
Days on Market:: 690
Last Refresh:: Jul 5 at 6:14 am

Property Features for 2601 Garfield Street

General Information

Standard status: Active
Size: 19,008 SF
Lot size: 1.46 Acres
Property subtype: Retail, Office

Building Details

Year Built: 1979

We can help!

Contact an agent

Matt Mellott, CCIM, SIOR

Listing office Sterling CRE Advisors

Listing date Aug 16, 2024

Source Crexi

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

HighLights

High‑traffic location adjacent to Southgate Mall and near Brook Street Commercial Corridor.
Large ±19,008 SF building on a ±1.46 acre parcel with private parking.
Permissive commercial zoning suitable for medical, professional office, or retail.
Includes three drive‑thru bays.
ADA‑accessible amenities, including an elevator.
Located in the Southgate Triangle, surrounded by established commercial businesses.

Overview

This property offers an opportunity for office space with parking in Midtown Missoula. The building has a size of approximately 19,008 square feet and is situated on a parcel of approximately 1.46 acres. It includes three drive-thru bays and a private parking lot. The property is located within the Southgate Triangle, adjacent to Southgate Mall. The location benefits from the high traffic on Southgate Mall Access Road and is near the 23,376 daily drivers along the Brook Street Commercial Corridor. Surrounding commercial businesses include Dillards, Texas Roadhouse, Hobby Lobby, and The Trailhead. The site has commercial zoning (City of Missoula, C1-1) and ADA-accessible amenities, including an elevator. This site is suitable for medical office, professional office, or retail use. Financial institutions are not permitted.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$479.0k	$25.20
− Vacancy	−$50.3k	−$2.65
EGI	$428.7k	$22.55
− OpEx	−$171.5k	−$9.02
NOI	$257.2k	$13.53

19,008 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$3.67M

$3.22M – $4.29M (±1% cap)

NOI $257,224 @ 7.0% cap · market cap 5.72%

Second Best

Retail

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,711 @ 7.0% cap · market cap 5.22%

Theoretical Best

Specialty Retail

$5.48M

$4.80M – $6.39M (±1% cap)

NOI $383,629 @ 7.0% cap · market cap 8.53%

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

Property Profile Location Intelligence

Current Use by Public Records

First Security Bank Bank

Suggested Use

Location Insight

Map
Local Demand

City: Missoula
County: Missoula
State: Montana
Longitude: -114.0246547
Latitude: 46.8467177

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For sale
Office buildings
MT
Missoula
59801
2601 Garfield Street

What type of property is this?

Office building - Office building with parking in Midtown Missoula near Southgate Mall.

Where is this office building located?

The property is located at 2601 Garfield Street Missoula, MT.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: High‑traffic location adjacent to Southgate Mall and near Brook Street Commercial Corridor.; Large ±19,008 SF building on a ±1.46 acre parcel with private parking.; Permissive commercial zoning suitable for medical, professional office, or retail.