1700 Rankin StMissoula, MT 59808

Property Details for 1700 Rankin St

Year built

1990

Construction

WOOD

Lot size

0.60 AC

Property size (Sq ft)

15,920 SF

Zone code

5

Property type

Other commercial real estate

Property subtype

Showrooms

APN

04-2200-17-2-08-02-0000

APU

4220017208020000

Description

This Missoula, Montana industrial property, located at 1700 Rankin Street Unit B, offers a versatile 15,920 square-foot space ideal for various industrial and office uses. The single-tenant building sits on a 0.597-acre lot and is zoned for industrial use. The main area boasts a clear span layout measuring 77 feet by 60 feet, with a minimum ceiling height of 14 feet 6 inches. A substantial 1,380 square-foot finished office space is included, providing ample administrative area. Access is facilitated by a 12-foot wide by 12-foot high doorway. Three-phase power is available on-site. This property presents a unique opportunity, with potential for expansion by combining it with adjacent units at 1702 Rankin Street, offering an additional 6,800 square feet of space. The property is available for lease starting February 1, 2025, with potential for earlier occupancy. The property's APN is 04220017208020000. The property is located in Missoula, MT, 59808, conveniently situated off West Broadway and close to the town center. This property is a single-suite building within a larger business park.

• CAP approach

  CAP return

  Valuation

  6%

  $4,185,178

  6.5%

  $3,863,241

  7%

  $3,587,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,553,644

  Geo Method

  $8,553,644

• Alternative Use

  Use

  Valuation

  Residential

  $3,258,788

  Hospitality

  $2,985,032

  Educational

  $2,483,512

  Medical

  $2,568,924

  Retail

  $3,863,241

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8885

Longitude

-114.029

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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