

Income Producing Mixed-Use Building in Downtown Missoula
Retail | 11,800 SqFt
Marketing description
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.
Investment highlights
Located in the heart of downtown Missoula with shops, restaurants and key business centers within an easy five-minute walk.
Exposed brick walls, hardwood floors, and natural timber beams give the space a warm, authentic feel. Wrought iron juliette balconies add subtle architectural detail.
Permissive Missoula D-C zoning allows for a wide range of retail and office uses.
Easy walk to multiple public parking lots and decks, as well as nearby on-street parking spaces.
A mix of long and short term leases currently generating income for the spaces.
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