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Property profile & analytics
OFF-MARKET
Investment properties

322 Spruce St Missoula, MT 59802-4108

1,909 SF 0.18 ac lot Built 1935
Individually Owned 3-yr Hold Free & Clear
Property ID
US52-0059142
Property summary
AI-generated overview

This exceptional investment opportunity in downtown Missoula presents a unique blend of commercial and residential income potential. The property encompasses three buildings situated on a 0.18-acre lot at 322 W Spruce Street. The main building, encompassing addresses 322 and 322B, offers a substantial 5,953 square feet of space. The front building's main level (1365 sq ft) features a bright and spacious office layout, including two large private offices, a full bathroom, a reception area, and a combined kitchen/dining area. The upper level (separate entrance) provides two additional office spaces and a kitchen area. The lower level (322B), at 1312 square feet, includes 796 square feet of living space and is currently rented separately. Adding to the income potential, a triplex built in 1927 sits at the rear of the property. This triplex comprises 1248 square feet on the main level, divided into two one-bedroom units, and a 650-square-foot unit in the full basement. The property includes off-street parking, a significant advantage in a bustling downtown area. This well-maintained property offers a diverse range of income streams and presents a compelling investment opportunity in a highly desirable Missoula location. Additional documents are available for detailed information on the individual units and rental history. The property addresses include 322, 322 1/2, 322B, 324, 326, and 328 W Spruce Street. The asking price is $1,200,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1935
Construction WOOD
Total area 1,909 SF
Lot 0.18 ac (7,797 SF)
Zoning code 6
APN 04-2200-22-2-50-03-0000
UPID US52-0059142
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
  • Douglas Harris Law Offices Law Firm
  • Park James T Law Firm
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Douglas D Harris · 3 yrs held
Douglas D Harris
since 2023
3 recorded transactions
2023
Price N/A
1998
Price N/A
1969
Price N/A
Zoning & alternative use
6 · Missoula, MT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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