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    1026 5Th St Missoula, MT 59801

    Sponsored
    For Sale
    $1,862,000

    Historic building, prime location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional mixed-use property, located at 1026 S 5th Street in Missoula, Montana, presents a unique investment opportunity. The 5,042 square foot building, constructed in 1932, sits on a sizable 26,157 square foot corner lot. Its strategic location offers easy access to key areas including 3rd Street, Russell Street, Reserve Street, Broadway, Higgins Avenue, The Hip Strip, the University, Downtown, and Midtown. For over 70 years, the property served as a union hall and training center. With the union constructing a new facility, a rent-back option may be available until completion. While most furniture and electronics will be removed, built-in fixtures such as exhaust systems will remain. The property is surrounded by revitalized businesses and residential properties, indicating a strong and growing neighborhood. An alley easement behind the building provides additional access. The asking price for this property is $1,862,000. This presents a rare chance to acquire a substantial property in a thriving Montana city with significant redevelopment potential. The large lot size and existing building infrastructure offer considerable flexibility for future uses.

    Property Features for 1026 5Th St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1932

    HighLights

    • $1,862,000 asking price for a mixed‑use property.
    • 1932 construction.
    • 26,157 square foot lot.
    • 5,042 square foot building located at 1026 S 5th Street, Missoula, MT 59801.
    • Prime location near major thoroughfares and desirable neighborhoods.
    • Potential for rent‑back opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    UA Local 459 ... Labor Union

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0119632
    Latitude
    46.8653667

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    FAQs

    What type of property is this?
    Mixed-use property - Historic building, prime location, high potential.
    Where is this mixed-use property located?
    The property is located at 1026 5Th St Missoula, MT.
    What is the asking price?
    The asking price for this property is $1,862,000.
    What are key features of this property?
    This property features: $1,862,000 asking price for a mixed-use property.; 1932 construction.; 26,157 square foot lot.
    Request Owner's contact information
    1026 5Th St Missoula, MT 59801
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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
    1026 5Th St Missoula, MT 59801
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