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    FOR LEASE
    Office buildings

    111 N Higgins Ave, Missoula, MT 59802

    94,981 SF 0.68 ac lot Built 1940
    Individually Owned 7-yr Hold Absentee Owner
    Property ID
    US52-0018336
    Property summary
    AI-generated overview

    This iconic five-story building, located at 111 N Higgins Ave in Missoula, MT (59802), offers 148,470 square feet of versatile commercial space. Built in 1940 and renovated in 2022, this Class B property boasts a blend of traditional office and coworking spaces, perfect for a variety of businesses. The building features a mix of retail, office, and restaurant spaces, with a minimum divisible space of 2,800 square feet and a maximum contiguous space of 8,869 square feet. Currently, 12,749 square feet is vacant. The property sits on 0.677 acres and is zoned CBD-4. Amenities include elevator service, a beautifully preserved art deco lobby, and a flexible floor plan adaptable to various business needs. The building's prime location on the main retail corridor, near restaurants, government buildings, and professional services, offers exceptional visibility and accessibility. Tenant improvement allowances are available for qualified tenants. The area is highly walkable and bikeable, with ongoing infrastructure improvements enhancing pedestrian access and roadways. The available space can be divided to accommodate multiple tenants. Inquire for details on available small office spaces and demising options. This property presents a unique opportunity to establish a presence in the vibrant heart of downtown Missoula.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1940
    Total area 94,981 SF
    Lot 0.68 ac (29,490 SF)
    Zoning code 6
    APN 04-2200-22-2-19-03-0000
    UPID US52-0018336
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Aviation Alliance Insurance Risk Retention Group, Inc. Insurance Agency
    • One Eleven Clothing & Fashion Store
    • The Florence Building Tour Operator
    • Lean Healthcare West Physician
    • SHAPE: Scientific Healing, Assessment & Psycho-Education - Dr. Ari Silverman, PhD Consultant Psychologist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Stone Place Mall Invtrs I Ltd · 7 yrs held
    Stone Place Mall Invtrs I Ltd
    since 2018
    7 recorded transactions
    2025
    2018
    2018
    2018
    2018
    2015
    2010
    Zoning & alternative use
    6 · Missoula, MT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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