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Charming Mixed-Use in Downtown Missoula 424 N Higgins Ave

11,800 SF Vacant Retail Building Missoula, MT 59802 £2,073,493 (£176/SF)

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
  • Potential to convert to office space downtown

Executive Summary

Rare mixed-use building with architectural character in downtown Missoula with potential as an investment property or for owner-occupier use. This 1900s era building sits in high foot-traffic corridor and is close to coffee shops, bars and restaurants in downtown Missoula. CBD-4 zoning allows for a wide variety of uses.
The main level has an available retail space of ±1,813 square feet and a Tenant who operates a ghost kitchen on the ground floor. Both spaces have basement for storage and prep.
The upper floors are currently used as a single residence with two (2) balconies. In the past, these floors have been used as a restaurant, bar and lounge and retain some of the plumbing for those uses. Upper floors may be converted into office space, or a combination of the three (3) (retail, office, residential).
Download the property flyer for more information on this rare investment opportunity.
Link to Matterport:
Upper Floors: https://my.matterport.com/show/?m=7WW5btLGccn
Basement and Retail: https://my.matterport.com/show/?m=UeMCKpc6FjX

Data Room Click Here to Access

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
£2,073,493
Price Per SF
£176
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
4
Building FAR
0.97
Lot Size
0.28 AC
Zoning
CBD-4 - CBD-4
Frontage
30 ft on N Higgins Ave

Amenities

  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,813 SF
  • Retail
  • -
  • Now

Street level retail space in downtown Missoula. Great storefront and exposed brick make this an ideal choice for your retail business. Additional storage available for lease in the basement.

  • 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.

  • 3rd Floor
  • 2,050 SF
  • Office
  • -
  • Now

Freshly renovated, this historically significant building offers original and modern finishings throughout. The third floor suite offers 2 private offices, 2 private restrooms, and a large open workspace to include a kitchen/break area. The second and third floor can be leased together to accommodate a larger company. Additionally, the basement can be leased for storage as needed.

Space Size Space Use Position Available
1st Floor 1,813 SF Retail - Now
2nd Floor 3,250 SF Office - Now
3rd Floor 2,050 SF Office - Now

1st Floor

Size
1,813 SF
Space Use
Retail
Position
-
Available
Now

2nd Floor

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

3rd Floor

Size
2,050 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size 1,813 SF
Space Use Retail
Position -
Available Now

Street level retail space in downtown Missoula. Great storefront and exposed brick make this an ideal choice for your retail business. Additional storage available for lease in the basement.

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.

3rd Floor

Size 2,050 SF
Space Use Office
Position -
Available Now

Freshly renovated, this historically significant building offers original and modern finishings throughout. The third floor suite offers 2 private offices, 2 private restrooms, and a large open workspace to include a kitchen/break area. The second and third floor can be leased together to accommodate a larger company. Additionally, the basement can be leased for storage as needed.

Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (99)
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
Umpqua Bank
First Security Bank
Starbucks
Albertsons
Five Guys
Pure Barre
Yoke's Washington Food
Safeway

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-2200-22-2-39-09-0000
Land Assessment
£410,307
Improvements Assessment
£1,079,202
Total Assessment
£1,489,509
  • Listing ID: 24595295

  • Date on Market: 03/12/2021

  • Last Updated:

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

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