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    FOR LEASE
    Retail space

    127 N Higgins Ave, Missoula, MT 59802

    22,544 SF 0.2 ac lot Built 1915
    Entity Owned 4-yr Hold
    Property ID
    US52-0957236
    Property summary
    AI-generated overview

    This exceptional three-story, 31,179 square foot Class B office building, located at 127 N Higgins Ave in Missoula, Montana, offers a unique opportunity for businesses seeking a prestigious downtown address. Built in 1915 and extensively renovated in 2022, the building boasts 30 suites ranging in size from approximately 300 to 1,952 square feet, providing flexibility for various business needs. The building features a striking circular design centered around a sky-lit atrium, offering abundant natural light to interior-facing suites. Currently, 2,882 square feet of space is available for lease. Common area improvements are underway, including HVAC upgrades, new flooring, paint, lighting, and ADA compliance enhancements. The building's central location, between Main and Front Streets, places it adjacent to the Florence Building and across from the Merc, offering excellent visibility and accessibility. While on-site parking is not available, leasing options include both full-service and NNN lease structures. The building is zoned CBD-4. The property's unique character, combined with modern amenities and a prime downtown location, makes it an ideal space for innovative and established businesses alike. Matterport virtual tours are available for the second and third floors to view available suites. Further information regarding downtown leasing parking can be found at the provided city link. The APN is 04-2200-22-2-19-04-0000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1915
    Construction WOOD
    Total area 22,544 SF
    Lot 0.2 ac (8,538 SF)
    Zoning code 6
    APN 04-2200-22-2-19-04-0000
    UPID US52-0957236
    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
    • The Artists' Shop Art Gallery Gift Shop
    • Massage in Missoula- Rachel Holland, LMT Alternative Medicine Practice Spa & Massage Center
    • An Escape-Massage Therapy Alternative Medicine Practice Spa & Massage Center
    • Rob Terwilliger LCPC Counselor
    • Melody L. Barnes, MSW Foster Care Service Social Service Agency
    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
    127 North Higgins LLC · 4 yrs held
    127 North Higgins LLC
    since 2022
    4 recorded transactions
    2023
    2022
    2004
    1969
    Zoning & alternative use
    6 · Missoula, MT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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