Commercial Building Near Southgate Mall

2307 S Grant Street Missoula, MT 59801

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Commercial building with shop, storage, and customer access.

Type:Mixed Use
Property size:
2,000 SF
Price / SF:
$149/SF
Added:
Apr 11, 2024
Days on Market:
823
Last Refresh:
May 12 at 9:41 pm

Property Features for 2307 S Grant Street

General Information

Standard status
Active
Size
2,000 SF
Property subtype
Mixed Use

Building Details

Year Built
1952

Listing office Clark Fork Realty

Listing date Apr 11, 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 Clark Fork Realty


Investment Insights

Based on property information with market context.

This commercial building, zoned C1-4, is located near Southgate Mall and just off South Avenue. It features over 2000 square feet of heated shop and storage space. An alley provides access via an overhead door for loading and unloading. The front of the building offers customer access. A loft space is also included. The front portion of the building has been used as an office, a shop for stage light and audio repair, and a sound studio. The current owner has operated a sound and light business from this location for many years.

Key Highlights

  • Zoned C1‑4 (Commercial)
  • Located near Southgate Mall and South Avenue
  • Boasts over 2000 square feet of heated shop and storage space

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $36.0k $18.00
− Vacancy −$720 −$0.36
EGI $35.3k $17.64
− OpEx −$10.6k −$5.29
NOI $24.7k $12.35
2,000 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$352.8K
$308.7K – $411.6K (±1% cap)
NOI $24,696 @ 7.0% cap · market cap 8.23%
Second Best
Office B
$333.0K
$291.4K – $388.5K (±1% cap)
NOI $23,310 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$576.6K
$504.6K – $672.8K (±1% cap)
NOI $40,365 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hi-Tech Audio & Lighting Electronics & Wireless Store

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Garden Center Locksmith (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store Pet Store & Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Mixed-use property - Commercial building with shop, storage, and customer access.
Where is this mixed-use property located?
The property is located at 2307 S Grant Street Missoula, MT.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Zoned C1‑4 (Commercial); Located near Southgate Mall and South Avenue; Boasts over 2000 square feet of heated shop and storage space
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