2105 Bow Street | Formerly the Women's Club — Missoula, MT - Offered 15% BELOW Assessed Value, $2,100,000! A landmark opportunity in the heart of Missoula's midtown corridor, this storied property—long known as the Women's Club—combines historic presence with rare, ground-floor investment upside. Positioned just off the Brooks and Stephens junction, one of the city's busiest arterials, the site delivers exceptional visibility, walkability, and access to a daily traffic count in the tens of thousands. The building offers approximately 14,000 square feet of flexible interior space on a .665-acre lot, with 25 dedicated parking spaces and GREAT zoning that supports a wide range of uses. Recent capital improvements include a brand-new saltwater pool, hot tub, and sauna—turnkey wellness amenities that immediately differentiate the asset and open the door to hospitality, fitness, membership, or event-driven income streams. The defining draw is the redevelopment upside. Engineered for mixed-use, 2105 Bow Street is a strong candidate for a layered commercial, retail, and residential concept. Pro forma modeling supports a blended average cap rate exceeding 9.5%—well above the Missoula market average and a figure that reflects both the durability of the location and the income flexibility of the floor plan. With Missoula's vacancy rates historically tight and midtown densifying year over year, the fundamentals favor long-term appreciation alongside strong in-place cash flow. Whether you're an investor chasing above-market returns, a developer seeking an amenity-rich infill project, or an owner-user wanting a signature address, this property offers a depth of optionality seldom seen at this price point. Assets of this caliber rarely reach the open market in Missoula.