Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 S Broadway Ave Red Lodge, MT 59068

    Sponsored
    For Sale
    $774,999

    COMMERCIAL - Other - Red Lodge, MT

    Property size:
    3,050 SF
    Days on Market:
    11
    Last Refresh:
    Jan 27 at 11:06 am

    Property Features for 104 S Broadway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1073100
    Size
    3,050 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Suzanne Hahn

    Montana Mountain Real Estate (406) 838-2443

    Listing agent Suzanne Hahn (406) 223-8238

    Listing date Jan 17, 2026

    MLS# 357237

    Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Red Lodge Restaurant Opportunity

    Located in the center of Red Lodge, Montana, outside of Yellowstone Park, this restaurant property offers a turnkey business opportunity. The property is situated in a newly renovated historic building that was previously used as a bakery for 100 years. The 3,050 square-foot building retains historical elements. This commercial property is suitable for restaurants, retail, and turnkey restaurant businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Wholesale Shop Storage Facility HVAC Service Hair Salon Kitchen & Bath Auto Parts Store Car Rental Computer & Electronic Repair Daycare Center Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Carbon County Catering

    Location Insight

    • Map
    • Local Demand
    City
    Red Lodge
    County
    Carbon
    State
    Montana
    Longitude
    -109.246744
    Latitude
    45.185622

    Nearby Similar for Sale

    • $2,225,000
      2,992 SF

      Red Lodge Triplex with Hot Tubs

      Updated triplex in downtown Red Lodge with modern amenities.
      202 Hauser Ave S, Red Lodge, MT 59068
      View Details
    • $795,000
      4,084 SF

      Historical Downtown Commercial Building

      Charming two-story building in Red Lodge's historical downtown.
      16 Broadway Ave N, Red Lodge, MT 59068
      View Details
    • $695,000
      2,616 SF

      Legacy Restaurant in Red Lodge

      Established restaurant with art deco building and stunning gardens.
      501 Word Ave S, Red Lodge, MT 59068
      View Details
    • $990,000
      1,936 SF

      Iconic Bar in Red Lodge

      Established bar with gaming license in a ski town.
      204 S Broadway Ave, Red Lodge, MT 59068
      View Details
    • $199,999

      Red Lodge Office Investment Opportunity

      Income-producing office condo in downtown Red Lodge with long-term tenant.
      23 Broadway #90 Ave N, Red Lodge, MT 59068
      View Details
    • $2,995,000
      15,667 SF

      Turnkey 24-Bed Healthcare Facility

      Meticulously designed facility with private suites near Beartooth Mountains.
      2475 Broadway Ave North, Red Lodge, MT 59068
      View Details
    • $999,999
      3,125 SF

      Red Lodge Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, High Traffic
      104 Broadway Ave, Red Lodge, MT 59068
      View Details
    • $1,175,000
      1,936 SF

      Blue Ribbon Bar: Iconic Red Lodge Business

      Established Bar & Building, Turnkey Operation
      204 Broadway Ave, Red Lodge, MT 59068
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant in renovated historic building in Red Lodge, Montana.
    Where is this restaurant located?
    The property is located at 104 S Broadway Ave Red Lodge, MT.
    What is the asking price?
    The asking price for this property is $774,999.
    What are key features of this property?
    This property features: - Turnkey restaurant business opportunity.; - Prime location in the center of Red Lodge, outside Yellowstone Park.; - **Newly renovated historic building with preserved charm and history.**
    (406) 446-4744
    Request Owner's contact information
    104 S Broadway Ave Red Lodge, MT 59068
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    104 S Broadway Ave
    Red Lodge, MT 59068
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 S Broadway Ave Red Lodge, MT 59068
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Suzanne Hahn
    (406) 446-4744
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.