Your AI Navigator in Commercial Real Estate
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

    147 S 1St Ave E Malta, MT 59538

    Sponsored
    For Sale
    $650,000

    Commercial Business - Malta, MT

    Property size:
    6,400 SF
    Lot size:
    0.06 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 18 at 4:06 pm

    Property Features for 147 S 1St Ave E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    Parking features
    Garage
    Size
    6,400 SF
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Year renovated
    1975
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Kirsten Voegel

    United Country Northwest Realty & Auction (406) 654-2881

    Listing agent Kirsten Voegel (406) 654-2881

    Listing date Jan 16, 2026

    MLS# 11108041 Listing URL

    Copyright © 2026 My State MLS. 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

    Turn-Key Montana Sports Bar Casino

    Located at 147 S 1st Ave E in Malta, Montana, this turn-key sports bar and casino, commonly known as "The Lucky Bullet Sports Bar & Casino'' and "The Lucky Bullet Hole," is available for sale. The business benefits from a prime main street location within a one-block radius of Highway 191 S and Highway 2, situated in Malta's highway commercial district (H-C). The commercial lot measures 40' x 89', and the building offers approximately 6,400 square feet, with 3,200 square feet on each level. The main level has undergone an extensive remodel in recent years, featuring new paint, flooring, and lighting, a new horseshoe bar, a remodeled casino with 20 leased machines, a new walk-in cooler, office, and a private kitchen. It includes buddy bars with stools, a jukebox connected to a TV, pool tables, dart machines, a private casino area, a Montana lottery machine, an ATM Machine, a private kitchen, a walk-in cooler, 12 flavors of beer on tap, (6) big screen TVs, an office, men's and women's restrooms, and storage areas. The basement, known as "The Bullet Hole," features a large open reception and dining area, a full commercial kitchen with a walk-in cooler, a dining area, a dance floor, a band/DJ stand, a full bar, two men's and two women's restrooms, and multiple storage areas. The maximum occupancy is 145 people on the main level and an additional 200 people in the basement. The liquor/catering license allows outdoor liquor and food sales both on and off the premises. The 2025 taxes were $3,708.59.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Dental Office Clothing Store Pharmacy Department Store Storage Facility Skin Care Clinic Garden Center Discount Store Computer & Electronic Repair Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Malta
    County
    Phillips
    State
    Montana
    Longitude
    -107.871949
    Latitude
    48.358984

    Nearby Similar for Sale

    • $5,000,000
      1,203.00 Acres

      Irrigated Farm and Ranch in Malta

      Productive 1203-acre farm and ranch with highway frontage.
      3330 Strater Rd, Malta, MT 59538
      View Details
    • New
      $500,000
      8,969 SF

      Income-Producing Office Center in Malta

      Turn-key 14-unit office center for sale in Malta, Montana.
      46 S 1St St E, Malta, MT 59538
      View Details
    • $385,000

      Turn-Key Main Street Business Opportunity

      Turn-key bar and steakhouse in downtown Malta, MT for sale.
      64 S 1St St E, Malta, MT 59538
      View Details
    • $160,000
      1,394 SF

      Established Restaurant on Highway 2

      Thriving restaurant with high visibility and loyal customer base.
      745 N 1St St E, Malta, MT 59538
      View Details
    • $175,000
      2,752 SF

      Remodeled Commercial Building in Malta

      Versatile commercial building with rental income potential in Malta, MT.
      138 S 1St St W, Malta, MT 59538
      View Details
    • $185,000
      4,050 SF

      Montana Quadplex Investment Opportunity

      Four-unit rental property in Malta, MT with immediate income potential.
      550 S 2Nd St E, Malta, MT 59538
      View Details
    • $495,000
      1.24 Acres

      Montana Mixed-Use Investment Opportunity

      Turnkey Restaurant, Daycare, & Fireworks
      1170 Us Highway 191, Malta, MT 59538
      View Details
    • $319,000
      4,176 SF

      Malta 3-Plex Investment Opportunity

      Three-unit rental property in Malta, MT. High rental income.
      702 3Rd St, Malta, MT 59538
      View Details
    • $150,000
      3,500 SF

      Montana Highway Restaurant - Turnkey Operation

      Established Cafe, Highway 2, Malta, MT
      220 Us Highway 2, Malta, MT 59538
      View Details
    • $650,000
      6,400 SF

      Montana Sports Bar & Casino

      Turn-key business, high-traffic location.
      147 1St Ave, Malta, MT 59538
      View Details

    FAQs

    What type of property is this?
    Bar - Established sports bar and casino with liquor license for sale.
    Where is this bar located?
    The property is located at 147 S 1St Ave E Malta, MT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Turn-key sports bar, casino, and restaurant business with a liquor/catering license included.; - Established business with a strong local reputation and nearly two decades of operation.; - **High-traffic location on Main Street**, near major highways.
    (406) 654-2881
    Request Owner's contact information
    147 S 1St Ave E Malta, MT 59538
    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.
    147 S 1St Ave E
    Malta, MT 59538
    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
    147 S 1St Ave E Malta, MT 59538
    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
    Kirsten Voegel
    (406) 654-2881
    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.