123-137 E Main St - Loft/Creative Space FOR SALE


Missoula, MT 59802- Downtown Missoula
$9,950,000 USD
406-360-3102
123-137 E Main St, Missoula, MT for Sale
$9,950,000 USD
Loft/Creative Space - FOR SALE
1/21
null | Request Cap Rate

123-137 E Main St
Missoula, MT 59802
Downtown Missoula


HIGHLIGHTS

  • Centrally located in downtown Missoula, adjacent to the upscale AC Hotel, The Wren, and The Mercantile Residence Inn
  • Metilculously renovated building with restored facade, modern building systems, and elevator service
  • Fully leased to high-quality tenants on NNN leases with long-term occupancy and tenant investment
  • Includes a 24-space dedicated parking lot, a rare and valuable amenity in downtown Missoula
  • Recent renewals secured with heavy investment into improvements from tenants, indicating the desire for long-term occupancy

OVERVIEW

The Radio Central Building Historic Downtown Missoula Investment Opportunity Positioned in the heart of Missoula’s vibrant downtown core, the iconic Radio Central Building presents a rare chance to acquire a fully stabilized, income-producing asset within one of the city’s most prominent historic landmarks. Meticulously restored and 100% leased above grade, the property offers immediate in-place cash flow with strong prospects for long-term value appreciation. Spanning three levels, the building includes high-visibility ground-floor retail and two floors of modernized professional office space, all thoughtfully updated while preserving early 20th-century architectural charm. Dedicated on-site parking provides a distinct advantage in Missoula’s constrained downtown market, enhancing both tenant satisfaction and asset desirability. The current tenant mix is anchored by a national law firm and Missoula County government, both of which bring strong credit profiles and long-term lease commitments. All leases are on a triple net (NNN) basis, offering predictable income with minimal landlord responsibilities. Operations are overseen by a locally based professional property management firm with deep expertise in the Missoula market. Retail tenants benefit from exceptional foot traffic and visibility, thanks to the building’s position near three major hotels and within one of downtown’s most active commercial corridors. This consistent pedestrian flow bolsters retail performance and adds to the property’s long-term resilience. Following a comprehensive renovation, the Radio Central Building seamlessly combines historic character with modern building systems and interiors, making it both a visual standout and a high-performing investment.

FOR SALE DETAILS

PRICE

$9,950,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Radio Central

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

CBD-4

APN/PARCEL ID

04-2200-22-2-18-03-0000

ASK ABOUT THIS PROPERTY

Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-360-3102

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Claire Matten, CCIM/SIORSterling Commercial Real Estate AdvisorsMore Info
406-360-3102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.