Property profile

2400 Michael Rd Missoula, MT 59808

FOR LEASE
Commercial land
Property ID
US52-0049187
Entity Owned 6-yr Hold
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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

Location

2400 Michael Rd Missoula, MT 59808
Missoula metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
5 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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