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221 & 223 N Higgins Avenue

Missoula, MT 59802
  • $3,398,500
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: 30057098
Price Reduced
UPDATED: 58 min ago
$3,398,500
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1887
County:
Area:

School Ratings & Info

Description

A Trophy Asset that's been improved to very high standards A Great Investment Opportunity - $231,000 in Net Operating Income (NOI) - a 6.6% Cap Rate A $700,000 assumable mortgage at a 1.36% interest rate There's 5,200 SF on the main floor leased to Pangea Restaurant There's 5,200 SF on the lower level leased to Stave & Hoop Restaurant The 221 building has an office suite of 2600 SF on the 2nd floor

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© 2025 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2025-12-12T19:18:42.113.
www.helenahomebuyer.com/homes/167717090
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221 & 223 N Higgins Avenue Missoula, MT 59802

  • Price: $3,398,500
  • Status: Active
  • On Site: 94 Days
  • Updated: 58 min ago
  • MLS #: 30057098
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1887
Built
County:
Missoula
Area:
Missoula
Property Description
A Trophy Asset that's been improved to very high standards A Great Investment Opportunity - $231,000 in Net Operating Income (NOI) - a 6.6% Cap Rate A $700,000 assumable mortgage at a 1.36% interest rate There's 5,200 SF on the main floor leased to Pangea Restaurant There's 5,200 SF on the lower level leased to Stave & Hoop Restaurant The 221 building has an office suite of 2600 SF on the 2nd floor
Exterior Features

Carport YN No Foundation Details Other Frontage Type Other Garage YN No Lot Features Level Topography Level Waterfront YN No

Interior Features

Basement Finished Basement YN Yes Fireplace YN No Flooring Concrete

Property Features

Building Area Total 13000 Listing Terms Assumable Cash Property Sub Type Building Special Listing Conditions Standard Tax Annual Amount 30892 Tax Assessed Value 1735500 Tax Legal Description CP HIGGINS S22 T13 W BLOCK 21 LOT 1-4 N40' S70' E10' OF 5 Tax Year 2025 Zoning Description CBD-4

Listing Agent: John Drew
Listing Office: Coldwell Banker Commercial Drew Ward Warne Advisory Group, Office Contact Info: 406-544-4055


© 2025 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2025-12-12T19:18:42.113.
 
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Andy O Realty Group | Keller Williams Capital Realty
130 Neill Avenue
Helena MT, 59601