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    Turnkey Restaurant, Casino, and Bar Title is generated by Realmo AI

    4 State Highway 518, Clancy, MT 59634

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    For Sale
    $3,200,000

    Successful Montana City Grill with full liquor license for sale.

    Type:Commercial/Industrial
    Property size:
    8,218 SF
    Lot size:
    2.88 Acres
    Price / SF:
    $389/SF
    Added:
    Mar 24, 2026
    Days on Market:
    51
    Last Refresh:
    Feb 10 at 10:39 am

    Property Features for 4 State Highway 518

    General Information

    Standard status
    Active
    Size
    8,218 SF
    Lot size
    2.88 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Michael Michael Joki

    Listing agent Michael Michael Joki License #RRE-RBS-LIC-17180

    Listing office Coldwell Banker Commercial Green & Green

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Green & Green

    HighLights

    • Turnkey restaurant, casino, and bar with a full liquor license.
    • Well‑established business (40 years) with gaming and catering revenue streams.
    • Prime location off Interstate 15 in rapidly growing Montana City, near Helena.
    • Seating for 195 in the main restaurant, plus a 1,316 SF banquet room.
    • Recent upgrades including kitchen equipment, coolers, dishwashing system, security cameras, and AC units.
    • 2.88 acres with private well and septic system; parking lot resealed in 2023.

    Overview

    This is an opportunity to own the Montana City Grill, a turnkey restaurant, casino, and bar with a full liquor license. The family-style restaurant has been in operation at this location for the last 40 years. The property is located just off the Montana City exit from Interstate 15 in Montana City, a rapidly growing community 5 minutes south of Helena, Montana. The property includes 2.88 acres, a private well, and a septic system. Primarily operated as a restaurant and bar, it also generates revenue from gaming and catering. The Grill can seat 195 people in the main floor restaurant. There is a second-level banquet room with 1,316 square feet. Over the last 5 years, most of the kitchen equipment has been replaced, including 2 new coolers and a new dishwashing system. New security cameras have been installed, and 4 of the 5 AC units have been replaced or refurbished. Concrete sidewalks were replaced, and the parking lot was resealed in 2023. The building size is 8,218 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clancy
    County
    Jefferson
    State
    Montana
    Longitude
    -111.938004
    Latitude
    46.5397

    FAQs

    What type of property is this?
    Conventional restaurant - Successful Montana City Grill with full liquor license for sale.
    Where is this conventional restaurant located?
    The property is located at 4 State Highway 518 Clancy, MT.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Turnkey restaurant, casino, and bar with a full liquor license.; Well‑established business (40 years) with gaming and catering revenue streams.; Prime location off Interstate 15 in rapidly growing Montana City, near Helena.
    (406) 442-1736
    We can help!
    Listing Contact
    Michael Michael Joki
    Real Estate License ID: RRE-RBS-LIC-17180
    Learn More
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    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.

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