Retail Space
248 North Higgins Avenue Missoula, MT 59802
Details & Description
Price: $3,100,000
    Here is your chance to acquire one of Missoula's premiere retail corners with long term leases in place. Two 5 year leases and a 10 year leaseback from the current owners provide strong income in this historic building. The offering includes an approximate 15,489 square foot commercial condominium unit on the ground level with basement space.
    Property Highlights
    Listing Agents
    Claire Matten

    O: 406-360-3102
    claire@sterlingcreadvisors.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    248 North Higgins Avenue

    Missoula, MT 59802

    Listing ID: 274669
    • 248 North Higgins Avenue Missoula, MT 59802 | for Sale | Photo 1
    • 248 North Higgins Avenue Missoula, MT 59802 | for Sale | Photo 2
    • 248 North Higgins Avenue Missoula, MT 59802 | for Sale | Photo 3
    248 North Higgins Avenue | for Sale | Thumbnail 1
    248 North Higgins Avenue | for Sale | Thumbnail 2
    248 North Higgins Avenue | for Sale | Thumbnail 3
    Building Size: 15,489 SF
    Lot Size: 0.100 AC
    Land Size: 4,356 SF
    Building $/SF: $200.14
    Land $/SF: $711.66
    Price
    $3,100,000
    Property Highlights
    Over 15,000 square feet of downtown Missoula space
    Two 5-year leases One 10-year lease each with escalation clauses
    Numerous capital improvements
    Ground floor space with prime downtown visibility
    Rare opportunity to acquire part of the historic Montana Building with rich history
    Description

    Here is your chance to acquire one of Missoula's premiere retail corners with long term leases in place. Two 5 year leases and a 10 year leaseback from the current owners provide strong income in this historic building. The offering includes an approximate 15,489 square foot commercial condominium unit on the ground level with basement space.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Missoula Area Market Trends

    Listing Demographics for 248 North Higgins Avenue Missoula, MT 59802

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,31755,78779,791
    Population Median Age353637
    Population by Age0-9 Yrs514 (4%)4877 (8%)7643 (9%)
    10-19 Yrs1650 (13%)6379 (11%)9261 (11%)
    20-29 Yrs4132 (33%)14928 (26%)18308 (22%)
    30-39 Yrs1910 (15%)8488 (15%)11631 (14%)
    40-49 Yrs1275 (10%)6305 (11%)9135 (11%)
    50-59 Yrs1210 (9%)5226 (9%)8251 (10%)
    60-69 Yrs944 (7%)5440 (9%)8483 (10%)
    70+ Yrs682 (5%)4145 (7%)7080 (8%)
    Median HH Income$33,954$41,437$48,130
    Total Household Income< 24K2493 (41%)7858 (31%)9337 (26%)
    25-49K1464 (24%)6641 (26%)8690 (24%)
    50-74K876 (14%)4442 (17%)6486 (18%)
    75-99K387 (6%)2593 (10%)4169 (11%)
    100-199K498 (8%)3052 (12%)5146 (14%)
    200K+235 (3%)719 (2%)1178 (3%)
    Highest Education LevelNo Diploma29314112154
    Diploma or GED966695010489
    Some College1408819111501
    Assoc. Degree59329154558
    Bachelors Degree2287971914666
    Higher Degree189269519376
    Total Housing Units6,42027,07337,137
    --Owner-Occupied1,64910,23316,804
    --Renter-Occupied4,30415,07318,202
    Owner-Occupied Values< 100K699101677
    100-199K32716092110
    200-299K50938126345
    300-399K34521883757
    400-499K1487911404
    500K+2509231511
    Total Working Age Population11,47247,98967,258
    In Work Force8,43235,32448,373
    Not In Work Force3,04112,66618,885
    Workforce Employed8,02033,46146,056
    Workforce Unemployed4111,8432,222
    Civlian Workforce8,43235,30448,278
    Military Workforce02096
    Total Households5,95325,30635,006
    Family Households1,61010,94717,200
    Non-Family Households4,34314,35917,807
    Married Couple1,2397,82512,829
    Other Family3703,1224,371
    Married w/Child3573,0364,999
    Single Male w/Child54443679
    Single Female w/Child891,4121,893

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Montana902,195+10989,415+91,082,994+101,191,208
    Missoula County95,802+14109,299+12122,711+14140,437

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 248 North Higgins Avenue in Missoula?
    The asking price for 248 North Higgins Avenue is $3,100,000
    What is the building size of this Retail property in Missoula, MT?
    The size of the building/unit at 248 North Higgins Avenue in Missoula is 15,489 square feet
    How much land does the Missoula, MT property at 248 North Higgins Avenue include?
    248 North Higgins Avenue in Missoula includes 0.100 acres of land
    What kind of Retail is the propery at 248 North Higgins Avenue?
    The property at 248 North Higgins Avenue Missoula, MT 59802 is listed as a Other Retail Retail property
    What is the population within 1 mile of 248 North Higgins Avenue in Missoula?
    The population within 1 mile of 248 North Higgins Avenue Missoula, MT 59802 is 12,317 people.
    Who do I contact for questions about 248 North Higgins Avenue?
    You should contact the listing agent, Claire Matten, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    700 East Broadway Street, Missoula, MT $2,700,000 4000 0.25
    1230 Harrison Avenue, Butte, MT CALL 6000 0.66
    1370 U.S. Highway 2 East, Kalispell, MT $5,100,000 99279 8.23
    608 North Last Chance Gulch, Helena, MT $1,050,000 2400 0.33
    3101 North Montana Avenue, Helena, MT CALL 116992 10.8
    3101 North Montana Avenue, Helena, MT $5,000,000 116992 10.8
    255 West Hayden Avenue, Hayden, ID $4,285,000 25300 2.3
    5615 East Trent Avenue, Spokane, WA $1,300,000 4896 1.41
    1605 North Greene Street, Spokane, WA $1,125,000 910 0.41
    300 South Union Avenue, Newport, WA $379,000 6044 0.51

    Closest Commercial Airports

    Airport Distance (mi)
    Spokane International Airport (GEG) 174
    Boise Air Terminal/Gowen Field (BOI) 253
    Billings Logan International Airport (BIL) 270