Downtown Restaurant and Bar
For Sale
$1,450,000
223 N Higgins Ave, Missoula, MT 59802
Fully equipped hospitality operation with multiple service areas, beverage licensing, and a long-term NNN lease opportunity.
Property Size12,969 SF
Price / SF$111.81
Days on Market36
Property Features for 223 N Higgins Ave
General Information
Standard status
Active
Size
12,969 SF
Property subtype
Business Opportunity
Occupancy
100%
Space & Availability
Floor
Ground + Lower Level
Furnished
Yes
Financials
Asking Price
$1,450,000
Business Included
Yes
Restaurant
Equipment Included
Yes
Liquor License
Yes
Building Details
Year Built
1895
Listing Agency:
Eagen Real Estate
(406) 542-1811
Listed By:
Jessie M Eagen · License #8043
Source:
Jasonbakerteam
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 28 at 7:56PM
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 Eagen Real Estate
Investment Insights
Based on property information with market context.
This restaurant asset occupies approximately 10,000 square feet within a leased property at 223 N Higgins Ave in Downtown Missoula. The main level is configured for restaurant and bar service, while the lower level adds a speakeasy-style lounge and a separate catering and event area. The premises include high-end interior finishes, a prominent bar, distinct service zones, furniture, fixtures, equipment, and a point-of-sale system.
The sale is structured as an asset acquisition rather than a real estate purchase; the building is not included. Included assets consist of the City of Missoula All Beverage License, extensive wine inventory, and FF&E. A new owner will enter into a long-term NNN lease with the building owner. The Higgins Avenue setting places the operation within Downtown Missoula's commercial and nightlife district, with separate areas that can support dining, lounge, catering, and hosted events.
The sale is structured as an asset acquisition rather than a real estate purchase; the building is not included. Included assets consist of the City of Missoula All Beverage License, extensive wine inventory, and FF&E. A new owner will enter into a long-term NNN lease with the building owner. The Higgins Avenue setting places the operation within Downtown Missoula's commercial and nightlife district, with separate areas that can support dining, lounge, catering, and hosted events.
Key Highlights
- Approximately 10,000 square feet of restaurant, bar, lounge, and event space
- City of Missoula All Beverage License included
- Main‑level restaurant and bar plus lower‑level lounge
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,241
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Hotels & Casinos 33%
Shops & Services 19%
Electronics 2%
McDonald's
Dining
14,133 visits/mo
0.5 miles
Residence Inn by Marriott Missoula Downtown
Hotels & Casinos
14,080 visits/mo
0.1 miles
Taco Bell
Dining
13,861 visits/mo
0.4 miles
DoubleTree by Hilton Hotel Missoula - Edgewater
Hotels & Casinos
8,439 visits/mo
0.5 miles
Burger King
Dining
6,515 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped hospitality operation with multiple service areas, beverage licensing, and a long-term NNN lease opportunity.
Where is this conventional restaurant located?
The property is located at 223 N Higgins Ave Missoula, MT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 10,000 square feet of restaurant, bar, lounge, and event space; City of Missoula All Beverage License included; Main‑level restaurant and bar plus lower‑level lounge
