1005 Gerald Avenue, a National Register–listed historic property offering a unique adaptive reuse opportunity in Missoula’s University District. The building contains approx 13,977 SF above grade plus approx 4,898 SF of basement space, allowing flexibility for a variety of redevelopment concepts. The property is eligible for Federal 20% and Montana 5% Historic Tax Credits, which may offset up to 25% of qualified rehabilitation costs. Adopted U-R4 zoning allows a broad range of residential, medical, institutional, and professional office uses by right. Well suited for an owner-user or mission-driven investor seeking a distinctive, neighborhood-compatible asset.