221 & 223 N Higgins Ave

221 & 223 North Higgins Avenue, Missoula, MT 59802

  • For Sale $3,550,000
  • Property Type Retail - Restaurant
  • Property Size 12,969 SF
  • Lot Size 0.12 Acre
  • Property Tenancy Single Tenant
  • Year Built 1895
  • Year Renovated 2020
  • Date Updated Sep 9, 2025
221 and 223 Higgins Ave is located in the center of downtown. It is between two highly traffic areas and sees a lot of foot traffic. It is in one of the higher density and demand locations in downtown. There are good linkages with other dining and evening and event uses nearby. There is both street parking in front and and a parking garage is just to the rear. It is between two interstate off-ramps which makes the location easy for groups from out of town and for special events. The location has a lot to offer just in the overall utility.Downtown Missoula Trophy Asset This fully leased, three-level property in the heart of downtown Missoula offers a rare opportunity to own a recently renovated mixed-use building backed by a strong tenant. Main Floor & Lower Level (10,400 SF total): Occupied by Pangea Restaurant, the group’s flagship sit-down concept paired with the Stave & Hoop speakeasy. Both spaces were recently renovated to a high standard, creating one of Missoula’s premier dining destinations. Second Floor (2,600 SF): Currently built out as modern office space, providing additional revenue and flexibility. The tenant is willing to vacate if desired, giving an owner the option to re-lease or occupy. The property will be secured with a new 5-year NNN lease at $231,000 annually, ensuring stable cash flow with minimal landlord responsibilities. With assumable low-interest debt available, strong operating history from the Pangea Restaurant Group, and an irreplaceable Higgins Avenue location, this asset combines immediate income with long-term upside in one of Montana’s most dynamic markets
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Highlights

  • Building is 3 levels.
  • Fully leased trophy asset in downtown Missoula.
  • Great history, heart of downtown.
  • Incredibly low interest assumable debt.
  • Main level is Pangea flagship sit-down restaurant.
  • The lower level is a speakeasy.
  • Upper level is office, (seller/tenant is willing to vacate if desired).
  • Whole building is being leased back by the seller, Pangea restaurant group.

Contacts

broker
Tyler Warne

Drew Warne Advisory Group

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise
  • Transit Score ®

    55/100 Good Transit
  • Bike Score ®

    100/100 Biker's Paradise
Powered by Walk Score ®
  • City Missoula, MT
  • Zip Code 59802

Points of Interest

  • MRL Fuel Racks

    0.30 miles

  • Sinclair

    0.37 miles

  • Holiday

    0.46 miles

  • Ole's Country Store

    0.51 miles

  • Conoco

    0.52 miles

  • Missoula Fresh Market Fuel

    0.65 miles

  • Cenex

    0.70 miles

  • Tesla Supercharger

    3.42 miles

  • Central Park Structure

    0.04 miles

  • Museum Parking

    0.10 miles

  • East Pine Lot

    0.12 miles

  • Woody Lot

    0.16 miles

  • Iron Horse Parking

    0.18 miles

  • US Bank Parking

    0.19 miles

  • Missoula County Employee Parking

    0.24 miles

  • City Center Motel Parking

    0.24 miles

  • Northern Pacific Building Parking

    0.27 miles

  • Montana Antique Mall Parking

    0.33 miles

  • Five on Black

    0.07 miles

  • Masala

    0.08 miles

  • Plonk

    0.08 miles

  • The Empanada Joint

    0.09 miles

  • Basal

    0.10 miles

  • Sushi Hana

    0.11 miles

  • Top Hat

    0.11 miles

  • Thomas Meagher Bar

    0.12 miles

  • 1889 Steakhouse

    0.12 miles

  • Jimmy John's

    0.13 miles

  • Missoula Farmer's Market

    0.23 miles

  • Missoula Valley Winter Market

    0.52 miles

  • Yoke's Fresh Markets

    0.56 miles

  • Orange Street Food Farm

    0.70 miles

  • Albertsons

    0.70 miles

  • Grizzly Grocery

    1.04 miles

  • Good Food Store

    1.25 miles

  • Natural Grocers

    2.18 miles

  • Target

    2.27 miles

  • Dillard's

    2.30 miles

Frequently Asked Questions

How much does 221 & 223 N Higgins Ave cost?

The space currently listed for sale at 221 & 223 N Higgins Ave asks for $3,550,000.

What is the total square footage of 221 & 223 N Higgins Ave?

221 & 223 N Higgins Ave totals 12,969 square feet.

When was this property built?

221 & 223 N Higgins Ave was built in 1895.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Tyler Warne

Drew Warne Advisory Group

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