525 Michigan Ave 3,781 SF 100% Leased Industrial Building Missoula, MT 59802 $725,000 ($191.75/SF) 6% Cap Rate

Located in the heart of East Missoula, this versatile mixed-use commercial property at 525–515 Michigan Avenue offers a unique opportunity for owner-users, investors, or businesses seeking flexible workspace with excellent access to major transportation routes.
The 3,781-square-foot building features 15-foot ceilings and is currently configured for two separate tenants (metered separately), while an interior garage door allows the spaces to be easily combined into a single operation. The larger 2,845-square-foot workspace includes a gas shop heater, a 10-foot overhead garage door, 220V, a private office with exterior access, and a bathroom complete with vanity, toilet, and shower. A second floor 43' x 19' mezzanine provides valuable additional storage space. This portion of the building has been occupied by a successful painting and drywall business since 2018.
The 936-square-foot space at 515 Michigan Avenue offers heating, cooling, plumbing, and 2x10-foot overhead garage doors. An interior wall divides the space into two functional work areas, while a half bath includes a utility sink, hot water heater, and toilet. Fresh paint and durable aluminum wall finishes create a clean, move-in-ready environment suitable for a variety of commercial uses. Previous occupants have included a motorcycle repair shop and an auto body business. Zoned Neighborhood Center, with potential for an art studio, flower shop or e-bike rental/retailer.
Additional features include paved parking, dedicated space for larger vehicles and trailers, and a divided railroad storage container with access from both ends. Property updates include Therma-Star by Pella windows and recent roof maintenance completed by Western Montana Roofing.
Conveniently located just one block from Highway 200 East, and minutes from the I-90 corridor and Marshall Mountain Recreation Park, this property offers outstanding accessibility, flexibility, and potential for a wide range of commercial operations.