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    FOR LEASE
    Commercial land

    2400 Michael Rd, Missoula, MT 59808

    Entity Owned 6-yr Hold
    Property ID
    US52-0049187
    Property summary
    AI-generated overview

    Welcome to 2400 Michael Road, a high-vis commercial development opportunity in Missoula. This prime location along Grant Creek is sure to turn heads with its prime visibility from the highway and quick access from the bustling North Reserve Street. Businesses in hospitality, medical, and retail will thrive in this area. Mixed-use residential is also likely here, with permissive zoning in place. This property is in a zone classified as Community Commercial which means it's also the perfect spot for a mixed development of residential and non-residential uses. Plus, it's located right next to an expanding residential area with more developments in the works. You'll love the quick access to the Reserve Street commercial corridor, Downtown Missoula, as well as nearby schools, job centers, and community services. But don't worry, you'll still be able to enjoy all the outdoor beauty Montana has to offer - Snowbowl ski resort and plenty of trails are just a stone's throw away. Missoula is the place to be with its rapidly growing population, diverse group of residents, and top-notch schools like the University of Montana. Plus, with the healthcare hub at St. Patrick's Hospital and Community Medical Center, and companies like ATG, Mindbody, and onX driving the tech sector, there's no shortage of opportunities. Options are available for build-to-suit or ground leases.

    Property profile
    Verified
    Property type Commercial land
    UPID US52-0049187
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Katherine E Phillips Family LP · 6 yrs held
    Katherine E Phillips Family LP
    since 2020
    5 recorded transactions
    2022
    2020
    2019
    2019
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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