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    424 Higgins Ave Missoula, MT 59802

    For Lease
    $24 SF/Yr

    Historic building, retail & office space

    Lot size:
    11,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 424 Higgins Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,800 SF
    Total Rate
    23600

    Building Details

    Year Built/Renovated
    1900/2019
    Stories
    4

    Unit(s) available at that property

    Space
    Third Floor
    Size
    2,050 SF
    Rate per SF
    $24
    Space
    Main Floor
    Size
    1,813 SF
    Rate per SF
    $24
    Space
    Second Floor
    Size
    3,250 SF
    Rate per SF
    $24

    HighLights

    • 11,800 SF mixed‑use building, four stories, downtown Missoula.
    • 9,522 SF of vacant space available.
    • Ground floor features 2,278 SF of street‑level retail space with existing bar.
    • Upper three floors offer 5,300 SF of office/event space, recently renovated.
    • Flexible lease options for second and third floor suites.
    • Prime location with high visibility and walkability to numerous amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thyme Management Delivery Restaurant Pulley's Hot Sauce Food Manufacturer Meal Thyme Restaurant Orchard Concrete Solutions Construction Company

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    -113.99309633
    Latitude
    46.8735866

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    FAQs

    What type of property is this?
    Office space - Historic building, retail & office space
    Where is this office space located?
    The property is located at 424 Higgins Ave Missoula, MT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 11,800 SF mixed-use building, four stories, downtown Missoula.; 9,522 SF of vacant space available.; Ground floor features 2,278 SF of street-level retail space with existing bar.
    Request Owner's contact information
    424 Higgins Ave Missoula, MT 59802
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    Missoula, MT 59802
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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
    424 Higgins Ave Missoula, MT 59802
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