Established Bar with Gaming
For Sale
$710,000
2740 Elm Street, Butte, MT 59701
Includes an all-beverage liquor license, gaming license, and operating bar equipment.
Property Size3,087 SF
Price / SF$229
Days on Market203
Property Features for 2740 Elm Street
General Information
Standard status
Active
Size
3,087 SF
Property subtype
Business Op
Zoning
R1
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$3,353
Building Details
Building Size
3,087 SF
Year Built
1920
Listing Agency:
Obsidian Realty Group
(406) 995-2404
Listed By:
Eli Kretzmann
(208) 507-1613
Source:
Outlaw
Added: Mar 29
Changed: Oct 3
Last Checked: Oct 16 at 7:35AM
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 Obsidian Realty Group
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Investment Insights
Based on property information with market context.
Jim’s Bar is an established bar property at 2740 Elm Street in Butte, Montana. The real estate encompasses 3,087 square feet and has operated as a bar since the 1940s, providing a defined setting for continued food-and-beverage or hospitality operations.
The sale includes an all-beverage liquor license, gaming license, bar equipment and supplies, darts, and an ATM. These included assets support an operating bar concept and provide a foundation for maintaining the property’s existing use or developing a new direction within the established space.
The sale includes an all-beverage liquor license, gaming license, bar equipment and supplies, darts, and an ATM. These included assets support an operating bar concept and provide a foundation for maintaining the property’s existing use or developing a new direction within the established space.
Key Highlights
- 3,087‑square‑foot bar property at 2740 Elm Street in Butte, MT
- Operating bar use established since the 1940s
- All‑beverage liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,924
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,480
$758.5K
Cap Rate 7%
$541,771
$541.8K
Cap Rate 9%
$421,378
$421.4K
Market Conditions
NOI Build-Up for 3,087 SF
Gross rent
$51.9K $16.80/SF
− Vacancy
−$1.3K −$0.42/SF
EGI
$50.6K $16.38/SF
− OpEx
−$12.6K −$4.10/SF
NOI
$37.9K $12.29/SF
Area
Silver Bow County, MT
Vacancy
2.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,480
Cap Rate 7%
$541,771
Cap Rate 9%
$421,378
Alternative Uses
Best Use
Specialty Retail
$541.8K
$474.1K – $632.1K
NOI $37,924 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.8K
$588.7K – $784.9K
NOI $47,095 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Mc Queen Athletic Club — 3250 Hecla St, Butte, MT 59701
- East Side Athletic Club — 3200 Dexter St, Butte, MT 59701
- Jim's Bar — 2740 Elm St, Butte, MT 59701
- McGrath’s Pub — 2201 Silver Bow Blvd, Butte, MT 59701
- Silver Bow Athletic Club — 1203 Howard St, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes an all-beverage liquor license, gaming license, and operating bar equipment.
Where is this bar & pub located?
The property is located at 2740 Elm Street Butte, MT.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 3,087‑square‑foot bar property at 2740 Elm Street in Butte, MT; Operating bar use established since the 1940s; All‑beverage liquor license included
