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 Market13
Property Features for 2740 Elm Street
General Information
Standard status
Active
Size
3,087 SF
Property subtype
CommercialSale
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
Platinum Real Estate
(406) 491-6449
Listed By:
Shelly Horsley & Cameron Beardslee · License #RBS-80346
(406) 491-6449
Source:
Montanarootsrealty
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 31 at 5:12PM
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 Platinum Real Estate
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 = 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
$37,924
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
5.34%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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
- 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
