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Downtown Office Suites in Historic Penny Block Building | 127 North Higgins Avenue

127 North Higgins Avenue, Missoula, Montana, 59802
For Lease

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.

Multiple suite sizes available for lease immediately.  Suites 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. For more information on leasing opportunities at the Penney Block, call Carly Chenoweth at 406.207.3119, or email her at Carly.Chenoweth@SterlingCREadvisors.com

*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

Property Highlights

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

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Financial Summary

Investment Highlights

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Initial Investment $0.00

 

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Suite 307C

Space Details

  • Space Available 318 SF
  • Lease Rate $550/month
  • Space Type Executive Suites

Space Description

On the third floor, this office space has a shared waiting area. The ±318 SF 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! The space also has one small window.

Lease Term: 6-12 Months

201

Space Details

  • Space Available 912 SF
  • Lease Rate $1,644.64/month

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.

Lease Terms: Minimum 12 months

207

Space Details

  • Space Available 207 Shell Space - 1,952 SF
  • Lease Rate $4,984/month

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. This suite has been upgraded with new carpet, new paint, LED lights, and a ceiling replacement. The space is currently in shell condition. Tenant Improvement allowance negotiable.

203

Space Details

  • Space Available 483 SF
  • Lease Rate $871/month

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.

Lease Terms: Negotiable

302

Space Details

  • Space Available 412 SF
  • Lease Rate $742/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.

Lease Terms: Negotiable

Suite 301B&C

Space Details

  • Space Available 498 SF
  • Lease Rate $650 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.

Lease Terms: Negotaible

204

Space Details

  • Space Available 538 SF
  • Lease Rate $1,100/month
  • Available Mid November 2024

Space Description

This second floor suite offers a flexible space that allows for a private room, a small waiting room and a sink in the suite.

Lease Terms: Minimum 12 months

309

Space Details

  • Space Available 269 SF
  • Lease Rate $530/sf
  • Available February 2025

Space Description

This 3rd floor suite offers hardwood floors, a window and a sink. Available February 2025

Lease Terms: Negotiable

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