Bar and Restaurant Office
201 W Railroad Street Missoula, MT 59802
New
201 W Railroad Street, Missoula, MT, 59802
$4,999,999
Pending
For Sale
$4,999,999
Pending
Mixed-use building includes a fully equipped bar and restaurant with two kitchens, plus two fully leased office floors.
Property Size15,900 SF
Days on Market3
Property Features for 201 W Railroad Street
General Information
- Standard status
- Pending
- Size
- 15,900 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1907
Listing agency
Windermere R E Missoula
(406) 546-9765
Listed by
Daniel P McKittrick
(406) 546-9765
Source
Missionvalleyproperties
Added: Jul 21 Updated: Jul 22 at 6:32PM Checked: Jul 22 at 6:32PM
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $438.8k | $27.60 |
| − Vacancy | −$11.0k | −$0.69 |
| EGI | $427.9k | $26.91 |
| − OpEx | −$107.0k | −$6.73 |
| NOI | $320.9k | $20.18 |
15,900 SF · lease $27.60/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.58M
$4.01M – $5.35M
NOI $320,902 @ 7.0% cap · market cap 6.42%
Second Best
Office B
$2.65M
$2.32M – $3.09M
NOI $185,315 @ 7.0% cap · market cap 3.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wade Steven T
Law Firm
The Depot
Restaurant
Strand Michael
Law Firm
Grinde Erica R
Law Firm
Auerbach Daniel J
Law Firm
Similar For Sale Nearby
Similar Off Market Nearby
- Simba Entertainment — 131 S Higgins Ave # P-1, Missoula, MT 59802, United States
- Starbucks — 1003 E Broadway St, Missoula, MT 59802
- Flippers Tavern ~ Grill ~ Casino — 125 S 3rd St W, Missoula, MT 59801
- Bar Plata — 107 S Higgins Ave #6, Missoula, MT 59802
- GILD — 515 S Higgins Ave, Missoula, MT 59801
FAQs
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 W Railroad Street Missoula, MT.
What is the asking price?
The asking price for this property is $4,999,999.
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
