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Radio Central 123-137 E Main St 32,000 SF 100% Leased Office Building Missoula, MT 59802 $13,889,404 CAD ($434.04 CAD/SF)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
32,000 SF
Building Class
C
Year Built
1900
Price
$13,889,404 CAD
Price Per SF
$434.04 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Building FAR
2.04
Lot Size
0.36 AC
Zoning
CBD-4 - CBD-4
Parking
28 Spaces (0.88 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Established in 1882, Parsons Behle & Latimer is one of the preeminent law firms Salt Lake City and represents clients in the Intermountain Region as well as companies with a national and international presence. With more than 190 attorneys, the firm has a breadth and depth of experience in a broad range of areas including: antitrust and competition; banking and finance; corporate, transactions and securities; bankruptcy and corporate restructuring; divorce and family law; employment and labor; energy and utilities; environmental and natural resources; government relations and lobbying; health care; intellectual property; litigation, trials and appeals; mining; real estate; and tax. The Parsons approach is a team-based approach, utilizing attorneys in a multidisciplinary manner by combining differing areas of expertise to gain a positive results for their clients.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-2200-22-2-18-03-0000
Land Assessment
$1,038,973 CAD
Improvements Assessment
$4,220,124 CAD
Total Assessment
$5,259,097 CAD
  • Listing ID: 37936504

  • Date on Market: 2025-10-03

  • Last Updated:

  • Address: 123-137 E Main St, Missoula, MT 59802

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