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Downtown Office Suites in Historic Penny Block Building | 127 N Higgins Ave

127 North Higgins Ave, Missoula, MT, 59802
For Lease

Property Highlights

    • Centrally located in Downtown Missoula
    • Newly renovated building
    • Natural light
    • Variety of suite sizes
    • Leasing Incentives Available

Property Details

  • Price: $16.00- 37.00 SF/yr (Full Service; NNN)
  • Property Type: Office
  • Availability: Available
  • Transaction Type: For Lease
  • Building Size: 31,189 SF
  • Year Built: 1915
  • Building Class: B

Property Description

Tucked between Main and Front Streets in Downtown Missoula, the Penny Block Building sits directly adjacent to the Florence Building and across from the Merc on North Higgins. Home to various professional offices and retail stores, this unique building is mid-renovation and an ideal space for diverse, innovative businesses. Spanning across three floors and a basement, the circular design is centered by a sky-lit atrium.

Available suite sizes vary from ±300 SF to ±1,952 SF, allowing for expansion within the building if desired. With a mix of full-service and NNN lease structures, this convenient location is a rare find. The interior-facing suites look out to the atrium with exceptional natural light. The common area spaces are currently going through improvements which include HVAC system updates, new flooring, paint, lighting, ADA compliance, and improved utilization of space throughout the building.

*Leasing Incentives Available*
*Parking Incentives Available*
Downtown Parking Information 
Matterport Link 2nd Floor Available Suites
Matterport Link 3rd Floor Available Suites

Location Description

On the block between Front and Main Streets in downtown Missoula

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

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Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Suite 307C

Space Details

  • Space Available 227 SF
  • Lease Rate $700 per month
  • Space Type Executive Suites

Space Description

On the third floor, this space has a shared waiting area and ample storage space. This ±227 SF executive style suite has been upgraded with new carpet, new paint, LED lights, and a ceiling replacement. Equipped with WiFi and all utilities included, it is ready for move-in! Lease Term: 6-12 Months

201

Space Details

  • Space Available 912
  • Lease Rate $16.00 SF/YR NNN

Space Description

Located on the second floor, this suite currently connects to suite 203. Lease the whole space or demise it into a smaller space.

207

Space Details

  • Space Available 1,952
  • Lease Rate $25.00 SF/yr NNN

Space Description

This ±1,952 SF office is located on the second floor. The interior-facing windows looking out to the atrium provide natural light into the bullpen office area. This suite has been upgraded with new carpet, new paint, LED lights, and a ceiling replacement. The option to build out the suite to fit tenant requirements is negotiable. The monthly base rent is $4,066.08 + NNN. Estimated NNN $813.22, inclusive of all utilities except for internet $4,879.30.

203

Space Details

  • Space Available 483
  • Lease Rate $16.00 SF/yr

Space Description

Natural light from the atrium comes through this interior-facing space. Currently connected to suite 201. Opportunity to demise the space and create the layout you desire for your growing small business.

205

Space Details

  • Space Available 368
  • Lease Rate $18.00 SF/yr

Space Description

Natural light from the atrium comes through this interior-facing space. An open floor plan offers flexibility. Newly renovated, updated carpet and modernized lighting. The monthly base rent is $613.60 + NNN. Estimated NNN $153.40, inclusive of all utilities except for internet $767.00.

302

Space Details

  • Space Available 412
  • Lease Rate $16.00 SF/yr

Space Description

This third-floor suite has interior-facing windows overlooking the atrium. An open floor plan provides flexibility for tenants. Newly renovated, updated carpet and modernized lighting. The monthly base rent is $782.73 + NNN. Estimated NNN $195.68, inclusive of all utilities except for internet $978.42.

Suite 202

Space Details

  • Space Available 1193
  • Lease Rate $16.00 SF/yr

Space Description

This second floor suite has interior-facing windows looking into the atrium. This suite has a kitchenette, a welcoming great room and two offices

Suite 301B&C

Space Details

  • Space Available 498
  • Lease Rate $795 per month

Space Description

This third-floor suite has interior-facing windows overlooking the atrium. An open floor plan provides flexibility for tenants. Newly renovated, updated carpet and modernized lighting. The monthly base rent is $795/month inclusive of all utilities except for internet.

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

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