Commercial

217 N Higgins Avenue

Missoula, MT 59802

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ActiveMLS® 30079691
$1,885,000
217 N Higgins Avenue, Missoula, MT 59802
Bds Ba 7,860 Sq.Ft. 0.093 Ac
Description

PRIME DOWNTOWN MISSOULA COMMERCIAL INVESTMENT OPPORTUNITY! Own a piece of Missoula history in the heart of vibrant downtown! Located at 217 N Higgins Avenue, this iconic commercial property offers approximately 7860 square feet of space plus attic & unfinished basement, in one of Missoula’s most desirable and recognizable business districts. Originally constructed in 1887 & remodeled in 2021, this historic building combines timeless architectural character with exceptional potential for investors, business owners, and entrepreneurs seeking a prominent downtown presence. The property features established ground-floor commercial space with an existing tenant subject to the tenants leasehold rights & applicable lease terms. There's an upper-level office space with a full kitchen and 3 bathrooms offering exciting possibilities for future occupancy, repositioning, or additional income generation. The existing ground-floor rental rate is significantly below the estimated market rate. This creates an opportunity for future rental growth upon lease expiration, subject to lease provisions and prevailing market conditions. Buyer to verify square footage, lease terms, rental projections, expenses, and permitted uses. Whether you’re looking to expand your investment portfolio, establish a downtown business presence, or unlock the potential of this historic landmark, contact the listing advisors for additional property details. (Please respect ongoing business operations. Ground floor business is NOT included in the sale. Real Estate only ,and the retail space is currently tenant-occupied and subject to the terms and conditions of the existing lease. Retail space not included in pictures or on floor plan)

Interior
  • General Elevator, Vaulted Ceiling(s)
  • Basement Unfinished
  • Flooring Carpet, Combination, Vinyl
  • Heating Forced Air
Exterior and Construction
  • Construction materials Brick, Wood Frame
  • Roofing Other
  • Construction Brick, Wood Frame, Poured, Basement
Utilities
  • Sewer Public Sewer
  • Utilities Electricity Connected
  • Water Public
Land and Lot
  • Lot size 0.093 acres (4,050 sq ft)
  • Topography Level
  • View Downtown
Location and Zoning
  • Road/Access Alley, City Street
  • Zoning See Remarks
  • County Missoula
  • Neighborhood Heart Of Missoula
Schools
  • School District Missoula High School District
Tax and Legal
  • Annual tax $16,929.24
  • Tax year 2025
  • Parcel number 04220022223070000
  • Legal description CP HIGGINS, S22, T13 N, R19 W, BLOCK 21, Lot 1 - 4, S30' OF ALL & N60' E10' Of Lot 5
Parking and Garage
  • Garage Additional Parking, Alley Access

Listing Information

Listing Agent
Vanessa Francis
Co-Listing Agent
Aaron Misipeka Ward
Listing Office
TheAgency Missoula
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