Historic University District Property: The John R. Toole House in Missoula, MT
Source: Circa Old Houses
SterlingCRE Advisors is pleased to present The John R. Toole House at 1005 Gerald Avenue—a landmark National Register–listed historic property offering a compelling adaptive reuse opportunity in Missoula’s prestigious University District.
🏠 Property Overview & Quick Details
Spanning an impressive 18,875 total square feet (±13,977 sq. ft. above grade plus ±4,898 sq. ft. below grade), this 1903 Neoclassical estate sits on 0.77 acres and features U-R4 zoning for flexible redevelopment options.
| 💰 Price | $2,600,000 |
| 🆔 Property ID | 917197 |
| 🏛️ Architectural Style | 1903 Neoclassical (The John R. Toole House) |
| 📅 Year Built | 1903 |
| 📐 Square Footage | 18,875 total sq. ft. |
| 🌳 Lot Size | 0.77 Acres |
| 🛏️ Bedrooms | 17 Bedrooms |
| 🛁 Bathrooms | 7 Bathrooms |
| 📍 Location | 1005 Gerald Avenue, Missoula, MT 59801 |
✨ Adaptive Reuse, Tax Credits & Zoning Potential
Listed on the National Register of Historic Places, the property is eligible for the 20% Federal Historic Tax Credit and Montana’s 5% Historic Tax Credit, potentially offsetting up to 25% of qualified rehabilitation costs.
Adopted U-R4 zoning allows a wide range of uses by right. Potential redevelopment concepts include professional office conversion, boutique medical/wellness practices, institutional facilities, or residential condominium conversion consistent with historic preservation standards.
🌳 Prime Missoula University District Location
Combining a quiet, tree-lined neighborhood setting with remarkable architectural presence, properties of this scale and historic significance are exceptionally rare in Missoula’s University District.
📍 Learn More About This Historic Listing
For complete listing details, additional photo galleries, and inquiry information, visit the original property page at Circa Old Houses.
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