Bar Property with Liquor
For Sale
$710,000
2740 Elm Street, Butte, MT 59701
CommercialSale, Butte, MT
Property Size3,087 SF
Lot Size0.76 Acres
Price / SF$229
Days on Market149
Property Features for 2740 Elm Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R1
Directions
GPS
Subdivision
10BE - Butte - E of Harrison to 4 Mi V
Standard status
Active
APN
0000783020
Size
3,087 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CROSBY ADD, S20, T03 N, R07 W, BLOCK 6, LOT 8 - 13 and WILSON PARK ADD, S20, T03 N, R07 W, BLOCK 3, LOT 1 - 4
Tax Annual Amount
3353
Legal Description
CROSBY ADD, S20, T03 N, R07 W, BLOCK 6, LOT 8 - 13 and WILSON PARK ADD, S20, T03 N, R07 W, BLOCK 3, LOT 1 - 4
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1920
Listing Agency:
Platinum Real Estate
(406) 565-7128
Listed By:
Shelly Horsley & Cameron Beardslee · License #RBS-80346
(406) 491-6449
Added: Mar 29
Changed: Aug 19
Last Checked: Aug 24 at 6:06AM
MLS# 409783
Copyright © 2026 Big Sky Country MLS. 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.
This bar property includes 3,087 square feet within a 1920 building on approximately 0.7633 acres. The sale includes the real estate, an all-beverage liquor and gaming license, bar equipment and supplies, darts, and an ATM. Forced-air heating serves the building, with public water and public sewer in place.
The establishment has operated as a bar since the 1940s and is located at 2740 Elm Street in Butte, Montana. The included furnishings, operating items, and licenses support continued bar operations, subject to applicable regulatory requirements.
The establishment has operated as a bar since the 1940s and is located at 2740 Elm Street in Butte, Montana. The included furnishings, operating items, and licenses support continued bar operations, subject to applicable regulatory requirements.
Key Highlights
- 3,087‑square‑foot bar property on 0.7633 acres
- 1920 building with forced‑air heating
- All‑beverage liquor and gaming 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
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
- Jim's Bar — 2740 Elm St, Butte, MT 59701
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- Mc Queen Athletic Club — 3250 Hecla St, Butte, MT 59701
- East Side Athletic Club — 3200 Dexter St, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar property includes an all-beverage liquor and gaming license, operating equipment, supplies, darts, and an ATM.
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 on 0.7633 acres; 1920 building with forced‑air heating; All‑beverage liquor and gaming license included
