Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    525/515 Michigan Ave Missoula, MT 59802

    Sponsored
    For Sale
    $725,000

    Mixed-use warehouse, great investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 525/515 Michigan Avenue in Missoula, Montana, presents a compelling investment opportunity. Built in 1961, this warehouse sits on a substantial 11,979 square foot lot and is currently configured as two separate units. One side functions as an auto mechanic repair shop, while the other is utilized for finish carpentry. This dual-occupancy setup offers immediate income potential with existing tenants, providing a strong return on investment. The property's layout is adaptable, allowing for easy conversion back into a single, larger warehouse space to suit a variety of business needs. Located in Missoula, MT, zip code 59802, the property benefits from convenient highway access, expanding its potential uses and market reach. The asking price for this versatile property is $725,000. This presents a rare chance to acquire a well-situated, income-generating warehouse in a thriving Montana market. The property's size and location make it ideal for a range of businesses seeking a functional and strategically positioned space. The existing tenants provide a stable income stream while offering the flexibility to adapt the space to future requirements. Don't miss this chance to own a piece of Missoula's commercial landscape.

    Property Features for 525/515 Michigan Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1961

    HighLights

    • $725,000 asking price.
    • Mixed‑use industrial property, warehouse subtype.
    • 1961 construction.
    • 11,979 square foot lot.
    • Located at 525/515 Michigan Avenue, Missoula, MT 59802.
    • Currently configured as a two‑unit building, occupied by an auto mechanic and a finish carpentry business; easily convertible to single‑unit use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Gym & Fitness Daycare Center Wholesale Shop Auto Repair Shop Department Store Hotel & Motel Barber Shop Nursing Home Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.9431969
    Latitude
    46.8732924

    Nearby Similar for Sale

    • $975,000
      1.84 Acres

      Assisted Living Business Opportunity

      Assisted living business in Missoula's South Hills with real estate.
      3000 St Thomas Dr, Missoula, MT 59803
      View Details
    • $1,895,000
      0.72 Acres

      Missoula Multifamily Investment Opportunity

      Well-maintained 12-unit property in Missoula's North Side district.
      913-921 Rogers St, Missoula, MT 59802
      View Details
    • $2,795,000
      4.62 Acres

      Missoula Redevelopment Opportunity

      4.62 acre parcel with redevelopment potential near Reserve Street.
      3020 South Ave W, Missoula, MT 59804
      View Details
    • $5,250,000
      0.12 Acres

      Iconic Bar & Cafe Opportunity

      Legendary Missoula bar and cafe for sale in downtown.
      337 N Higgins Ave, Missoula, MT 59802
      View Details
    • $4,590,000
      1.14 Acres

      Missoula Multifamily Investment Opportunity

      Nine duplexes (18 units) with remodeling and condo conversion potential.
      2402-2418 Leo Ave, Missoula, MT 59808
      View Details
    • $4,590,000
      1.14 Acres

      Multifamily Property with Condo Potential

      18-unit multifamily property in Missoula with condo conversion potential.
      2402-2418 Leo Ave, Missoula, MT 59808
      View Details
    • $750,000
      0.11 Acres

      Well-Maintained Duplex in Central Missoula

      Centrally located duplex with modern comfort and energy efficiency.
      1936 S 7Th St W, Missoula, MT 59801
      View Details
    • $775,000
      0.22 Acres

      University District Triplex Opportunity

      Triplex in the University District, close to Mount Sentinel.
      839 Evans Ave, Missoula, MT 59801
      View Details
    • $1,100,000
      0.15 Acres

      Well-Maintained 6-Plex in Missoula

      6-plex in desirable location near University District and downtown.
      520 Hickory St, Missoula, MT 59801
      View Details
    • $675,000
      0.41 Acres

      East Missoula Development Opportunity

      0.409 acre property with plans for 25-unit complex.
      3510 Hwy 200 E, Missoula, MT 59802
      View Details
    • $749,900
      0.28 Acres

      High-Traffic Commercial Building in Missoula

      Remodeled commercial building with high visibility and ample parking.
      2401 Brks St, Missoula, MT 59801
      View Details
    • $990,000
      0.16 Acres

      Modern Townhomes in Missoula, MT

      New construction townhomes with customizable finishes, near downtown Missoula.
      2773 Ruger Rd, Missoula, MT 59808
      View Details

    FAQs

    What type of property is this?
    Distribution property - Mixed-use warehouse, great investment.
    Where is this distribution property located?
    The property is located at 525/515 Michigan Ave Missoula, MT.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: $725,000 asking price.; Mixed-use industrial property, warehouse subtype.; 1961 construction.
    Request Owner's contact information
    525/515 Michigan Ave Missoula, MT 59802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    525/515 Michigan Ave
    Missoula, MT 59802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    525/515 Michigan Ave Missoula, MT 59802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.