Bar and Restaurant Office
For Sale
$999,999
201 Railroad, Missoula, MT 59802
Mixed-use building includes a fully equipped bar and restaurant with two kitchens, plus two fully leased office floors.
Property Size7,177 SF
Price / SF$139.33
Days on Market87
Property Features for 201 Railroad
General Information
Standard status
Active
Size
7,177 SF
Total Parking Spaces
40
Property subtype
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Amenities
outdoor deck
elevator
4.00
4
Building Details
Year Built
1907
Stories
3
Tenancy
Multi
Listing Agency:
Windermere R E Missoula
Listed By:
Daniel P McKittrick
(406) 546-9765
Source:
Clearwaterproperties
Added: Jul 21
Changed: Oct 15
Last Checked: Oct 14 at 11:31PM
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 Windermere R E Missoula
Investment Insights
Based on property information with market context.
A 15,900-square-foot bar and restaurant with office component offered for sale, featuring fully equipped spaces on the main floor and leasable office areas on the second and third floors. The main level includes two fully equipped kitchens and bars, and the property includes the furniture, fixtures, and equipment for the Depot Restaurant and Bar. The lower level is described as having an all-beverage liquor license with gambling, along with the related furnishings and equipment, plus the Depot Deck.
The second and third floors are fully leased, with their own entrances and an elevator providing access to service both floors. The property also includes a 40-space parking lot intended to support convenient visits to the restaurant and offices.
This downtown property is presented as a long-held, turnkey operation under one owner for 52 years, combining operating food and beverage space with income-producing office units.
The second and third floors are fully leased, with their own entrances and an elevator providing access to service both floors. The property also includes a 40-space parking lot intended to support convenient visits to the restaurant and offices.
This downtown property is presented as a long-held, turnkey operation under one owner for 52 years, combining operating food and beverage space with income-producing office units.
Key Highlights
- 1907‑built 15,900 SF mixed‑use building with main‑floor bar/restaurant and office space
- Main floor includes a fully equipped bar/restaurant plus two fully equipped kitchens and bars
- Liquor license with gambling included, along with furniture, fixtures, and equipment for the bar/restaurant and Depot Deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,648
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,672,960
$1.7M
Cap Rate 7%
$1,194,971
$1.2M
Cap Rate 9%
$929,422
$929.4K
Market Conditions
NOI Build-Up for 7,177 SF
Gross rent
$150.7K $21.00/SF
− Vacancy
−$39.2K −$5.46/SF
EGI
$111.5K $15.54/SF
− OpEx
−$27.9K −$3.89/SF
NOI
$83.6K $11.66/SF
Area
Missoula County, MT
Vacancy
26.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,672,960
Cap Rate 7%
$1,194,971
Cap Rate 9%
$929,422
Alternative Uses
Best Use
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,850 @ 7.0% cap · market cap 14.49%
Second Best
Office B
$1.19M
$1.05M – $1.39M
NOI $83,648 @ 7.0% cap · market cap 8.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,906
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Mixed-use building includes a fully equipped bar and restaurant with two kitchens, plus two fully leased office floors.
Where is this bar & pub located?
The property is located at 201 Railroad Missoula, MT.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1907‑built 15,900 SF mixed‑use building with main‑floor bar/restaurant and office space; Main floor includes a fully equipped bar/restaurant plus two fully equipped kitchens and bars; Liquor license with gambling included, along with furniture, fixtures, and equipment for the bar/restaurant and Depot Deck
