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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 ±258 SF to ±912 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

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

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

 

Income & Expenses

Income
Potential
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Expense
Potential
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Total Expenses
$ 0.00
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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 %

201

Space Details

  • Space Available 912 SF
  • Space Type Office
  • Available Immediately

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

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

Dry Storage Rooms

Space Details

  • Lease Rate $100/month
  • Space Type Storage
  • Available Available

Space Description

Dry Storage Suites Available. Located in the basement.

Available Suites:
Suite 4

Suite 5

Suite 6

Suite 205

Space Details

  • Space Available 312 SF
  • Lease Rate $675/Month
  • Space Type Office
  • Available October 1, 2025

Space Description

Located on the second floor of the building.
Rate: $675/Month

Available: 10/1/25

Lease Terms: Minimum 12 months

Suite 306

Space Details

  • Space Available 438 SF
  • Lease Rate $875/Month
  • Space Type Office
  • Available Mid September

Space Description

Located on the third floor, this suite includes a small storage closet.

Available: Mid September

Lease Terms: Minimum 12 months

Suite 305

Space Details

  • Space Available 258 SF
  • Lease Rate $700/Month
  • Space Type Office
  • Available Immediately

Space Description

Located on the third floor, this suite features two functional areas—perfectly suited for use as a reception or waiting area paired with a private office or treatment room

Available: Immediately

Lease Terms: Minimum 12 months

301 B/D

Space Details

  • Space Available 435 SF
  • Lease Rate $950/Month
  • Space Type Office
  • Available Immediately

Space Description

Located on the third floor, this suite features two functional areas—perfectly suited for use as a reception or waiting area paired with a private office or treatment room

Available: Immediately

Lease Terms: Minimum 12 months

Rent Roll

Unit
BR/BA
Current Monthly Rent
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Status
Lease Expires

Totals

$ 0.00

$ 0.00

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SterlingCRE Advisors
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