123 Main StMissoula, MT 59802

Property Details for 123 Main St

Year built

1900

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

24,456 SF

Zone code

6

Property type

Office buildings

APN

04-2200-22-2-18-03-0000

APU

4220022218030000

Description

This exceptional 1,783 square foot retail space is located in the renovated Radio Central Building (123 E Main St, Missoula, MT 59802), a Class A property built in 1900 and extensively renovated in 2020. Situated in the heart of downtown Missoula's vibrant commercial district, between the Mercantile Building and the AC Hotel, this suite boasts unparalleled visibility and high foot traffic. Large display windows are ideal for upscale retailers and boutiques. The space features an updated open floor plan, an in-suite restroom, and an upstairs mezzanine offering private office/storage space. Additional basement space is available for lease if needed. The three-story building offers street parking, and dedicated parking spaces are available for lease. Marquee signage is also available. The suite is immediately available. The minimum divisible space is 1,783 square feet, and the total building size is 24,456 square feet. The estimated NNN is $6.33 per square foot. This property presents a unique opportunity to establish a presence in a thriving downtown Missoula location within a beautifully restored historic building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,373,598

  6.5%

  $4,037,168

  7%

  $3,748,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,214,264

  Geo Method

  $5,214,264

• Alternative Use

  Use

  Valuation

  Residential

  $5,006,088

  Hospitality

  $4,585,550

  Educational

  $3,815,124

  Medical

  $3,946,332

  Retail

  $5,934,637

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8706

Longitude

-113.994

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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