111 N Higgins Ave, Missoula, MT 59802
For Lease
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6 · Missoula, MTMissoula. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.