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    322 Spruce St Missoula, MT 59801

    For Sale
    $1,200,000

    Five-unit building, prime location, off-street parking.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property, located in the heart of downtown Missoula, Montana, presents a unique investment opportunity. The asking price is $1,200,000. The property comprises two buildings situated on a 0.179-acre lot and includes five separate units. The front building, encompassing addresses 322 and 322B W Spruce Street, features a spacious main level (1365 sq ft) currently configured as an office, with two large private offices, a full bath, reception area, and kitchen/dining area. An upper level (separate entrance) offers two additional office spaces and a kitchen. The lower level (322B), at 1312 sq ft, includes 796 sq ft of living space and is currently rented separately. At the rear of the property, a triplex (built in 1927) offers three additional rental units. The main level consists of two one-bedroom units totaling 1248 sq ft. A full basement houses a single 650 sq ft unit. The entire property benefits from off-street parking. Built in 1935, this well-maintained property offers significant potential for income generation and future development in a highly desirable downtown Missoula location. Further details are available in supplemental documents. The property includes addresses 322, 322 1/2, 322B, 324, 326, and 328 W Spruce Street, Missoula, MT 59801.

    Property Features for 322 Spruce St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    7,797 SF

    Building Details

    Year Built
    1935
    Units
    5

    HighLights

    • $1,200,000 asking price.
    • Mixed‑use property with five units.
    • Built in 1935, situated on a 0.179‑acre lot in downtown Missoula, Montana.
    • Features two buildings with off‑street parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Douglas Harris Law ... Attorney Park James T Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office 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
    -113.9869641
    Latitude
    46.8500521

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    FAQs

    What type of property is this?
    Mixed-use property - Five-unit building, prime location, off-street parking.
    Where is this mixed-use property located?
    The property is located at 322 Spruce St Missoula, MT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; Mixed-use property with five units.; Built in 1935, situated on a 0.179-acre lot in downtown Missoula, Montana.
    Request Owner's contact information
    322 Spruce St Missoula, MT 59801
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    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
    322 Spruce St Missoula, MT 59801
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