Turnkey Restaurant and
For Sale
$850,000
22 E Rosebud Road, Roscoe, MT 59071
COMMERCIAL - Roscoe, MT
Property Size2,908 SF
Lot Size1.26 Acres
Price / SF$292.30
Days on Market66
Property Features for 22 E Rosebud Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
20
Parking features
On Street
Lot features
Alley
Directions
19 Miles West of Red Lodge just off HWY 78. Turn left into Roscoe just before or after East Rosebud Creek. Follow East Rosebud Rd into town and you can't miss us.
Subdivision
(16) Red Lodge;Luther;Roscoe
Standard status
Active
APN
3508900
Size
2,908 SF
Lot size
1.26 Acres
Taxes and HOA fees
Tax Description
S34, T05 S, R18 E, TR9 AM COS 695 3RD AM
Tax Annual Amount
2800
Legal Description
S34, T05 S, R18 E, TR9 AM COS 695 3RD AM
Utilities
Sewer type
Private Sewer
Heating system
Propane (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1940
Floors in Building
2
Building materials
WoodSiding
Roof type
Metal
Listing Agency:
H BAR S Real Estate
(406) 446-3535
Listed By:
Jennifer Crawford-O'Shea · License #RRE-RBS-LIC-119058
(406) 425-2324
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 21 at 11:06AM
MLS# 347586
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.
Investment Insights
Based on property information with market context.
The Legendary Grizzly Bar is a turnkey restaurant and bar operation in Roscoe, Montana. The property includes all furniture, fixtures, and equipment, and it comes with a full liquor license, making it ready for immediate use. The listing also includes a 1.26-acre site and a 2,908-square-foot building.
The business is described as a long-standing, iconic stop for patrons traveling to and from Yellowstone National Park and crossing Beartooth Pass. The property is located 19 miles west of Red Lodge and is positioned in the heart of the local ranching community.
For buyers or operators seeking a turn-key food and beverage business, this offering includes the operating components needed to run the bar and restaurant immediately, along with the full liquor license. With the sale structured to include the furniture, fixtures, and equipment, a transition can be handled without relying on separate purchase of onsite improvements and standard service items.
The business is described as a long-standing, iconic stop for patrons traveling to and from Yellowstone National Park and crossing Beartooth Pass. The property is located 19 miles west of Red Lodge and is positioned in the heart of the local ranching community.
For buyers or operators seeking a turn-key food and beverage business, this offering includes the operating components needed to run the bar and restaurant immediately, along with the full liquor license. With the sale structured to include the furniture, fixtures, and equipment, a transition can be handled without relying on separate purchase of onsite improvements and standard service items.
Key Highlights
- Iconic restaurant with over 80 years of history, drawing a global clientele visiting Yellowstone and Beartooth Pass.
- Turnkey business opportunity including all furniture, fixtures, equipment, and a full liquor license.
- Located in the heart of a ranching community, 19 miles west of Red Lodge, Montana.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,626
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$692,520
$692.5K
Cap Rate 7%
$494,657
$494.7K
Cap Rate 9%
$384,733
$384.7K
Market Conditions
NOI Build-Up for 2,908 SF
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.
Gross rent
$47.1K $16.20/SF
− Vacancy
−$942 −$0.32/SF
EGI
$46.2K $15.88/SF
− OpEx
−$11.5K −$3.97/SF
NOI
$34.6K $11.91/SF
Area
Carbon County, MT
Vacancy
2.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$692,520
Cap Rate 7%
$494,657
Cap Rate 9%
$384,733
Alternative Uses
Best Use
Specialty Retail
$494.7K
$432.8K – $577.1K
NOI $34,626 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K
NOI $44,416 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 59071, MT
81
Population
220
Households
0.4
Avg Household Size
63
Median Age
20%
College-Educated
95%
High-School Grad
93.1 sq mi
ZIP Area
1
Density / Sq Mi
$71,250
Median Household Income
$30,000
Median Earnings
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Grizzly Bar — 22 E Rosebud Rd, Roscoe, MT 59071
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey Grizzly Bar operation with full liquor license and included furniture, fixtures, and equipment in Roscoe, Montana.
Where is this bar & pub located?
The property is located at 22 E Rosebud Road Roscoe, MT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Iconic restaurant with over 80 years of history, drawing a global clientele visiting Yellowstone and Beartooth Pass.; Turnkey business opportunity including all furniture, fixtures, equipment, and a full liquor license.; Located in the heart of a ranching community, 19 miles west of Red Lodge, Montana.
