322 Spruce St Missoula, MT 59802-4108
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.
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Douglas Harris Law Offices Law Firm
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Park James T Law Firm
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.