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Charming Mixed-Use in Downtown Missoula 424 N Higgins Ave 11,800 SF Retail Building Missoula, MT 59802 $2,400,000 ($203.39/SF)

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Investment Highlights

  • Heavy daytime foot traffic
  • Recently remodeled living area on 2nd & 3rd floors
  • Commercial kitchen on ground floor
  • Brick building with private balconies and natural light exposure
  • Fully leased ground floor

Executive Summary

Don’t miss the opportunity to purchase 424 North Higgins Avenue in the heart of downtown Missoula. This historic property has long been part of the fabric of the community and has previously housed a variety of uses, including restaurant, hotel, office, and residential space.
The building features beautiful architectural details that have been thoughtfully preserved, contributing to its character and appeal. It is currently partially occupied by two tenants, an office user on the third floor and a restaurant tenant on the ground floor, with base rents generating approximately $8,100 per month in income.
The second floor is presently vacant and offers exceptional versatility. The space could function well as office or event space, or potentially be converted back to residential use or a short-term rental, offering flexibility for an owner-user or investor.
Located on a busy and highly desirable block of North Higgins Avenue, the property is surrounded by popular destinations, including Worden’s Market just across the street. All downtown amenities are within a convenient five-minute walk, making this an ideal location for a wide range of residential or commercial uses. Ample on-street public parking is available nearby.

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Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,800 SF
Building Class
B
Year Built
1900
Price
$2,400,000
Price Per SF
$203.39
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.97
Lot Size
0.28 AC
Zoning
DC - City of Missoula Downtown Commercial
Frontage
30’ on N Higgins Ave

Amenities

  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2nd Floor
  • 3,250 SF
  • Office
  • -
  • Now

Freshly renovated, this historically significant building offers original and modern finishings throughout. The second and third floors offer the character needed for a creative business. The basement can be leased for additional storage as needed.

Space Size Space Use Position Available
2nd Floor 3,250 SF Office - Now

2nd Floor

Size
3,250 SF
Space Use
Office
Position
-
Available
Now

2nd Floor

Size 3,250 SF
Space Use Office
Position -
Available Now

Freshly renovated, this historically significant building offers original and modern finishings throughout. The second and third floors offer the character needed for a creative business. The basement can be leased for additional storage as needed.

Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
Columbia Bank
First Security Bank
Starbucks
Albertsons Osco Pharmacy
Five Guys
Pure Barre
Charles Schwab
Yoke's Washington Food

Property Taxes

Property Taxes

Parcel Number
04-2200-22-2-39-09-0000
Land Assessment
$655,655
Improvements Assessment
$1,539,090
Total Assessment
$2,194,745
  • Listing ID: 24595295

  • Date on Market: 12/3/2021

  • Last Updated:

  • Address: 424 N Higgins Ave, Missoula, MT 59802

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