Hospitality Building with Gaming
322 N Higgins Avenue Missoula, MT 59802
322 N Higgins Avenue, Missoula, MT, 59802
$4,000,000
For Sale
$4,000,000
Fully renovated three-level building with an upper terrace, 6,600+ sqft hospitality space, and an all-beverage gaming license.
Property Size6,600 SF
Price / SF$606.06
Days on Market175
Property Features for 322 N Higgins Avenue
General Information
- Standard status
- Active
- Size
- 6,600 SF
Building Details
- Year Built
- 1910
Listing agency
PureWest Real Estate - Bozeman
Listed by
Mike K Schlauch
Source
Montanapropertyangels
Added: Jan 29 Updated: Jul 22 at 3:56PM Checked: Jul 22 at 3:56PM
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 PureWest Real Estate - Bozeman
Investment Insights
Based on property information with market context.
This for-sale offering includes a fully renovated, three-level hospitality building with an upper terrace. The sale includes updated HVAC, plumbing, and electrical systems, with over 6,600 square feet of hospitality-ready space. The property also includes a Missoula City quota area all-beverage license with gaming attached.
Located at 322 N Higgins Avenue in Missoula, the building is described as having strong street presence and excellent pedestrian exposure. All FF&E is included with limited exclusions, supporting a near turnkey transition for the next operator or investor.
The building and license are being marketed as standing independently, and Plonk has operated at this location for more than a decade. The business name and brand may be available through a separate licensing agreement, subject to seller approval.
Located at 322 N Higgins Avenue in Missoula, the building is described as having strong street presence and excellent pedestrian exposure. All FF&E is included with limited exclusions, supporting a near turnkey transition for the next operator or investor.
The building and license are being marketed as standing independently, and Plonk has operated at this location for more than a decade. The business name and brand may be available through a separate licensing agreement, subject to seller approval.
Key Highlights
- 1910‑built, fully renovated three‑level commercial building with an upper terrace
- Over 6,600 sqft of hospitality‑ready space with updated HVAC, plumbing, and electrical systems
- Includes a Missoula City quota area all‑beverage license with gaming attached
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.2k | $27.60 |
| − Vacancy | −$4.6k | −$0.69 |
| EGI | $177.6k | $26.91 |
| − OpEx | −$44.4k | −$6.73 |
| NOI | $133.2k | $20.18 |
6,600 SF · lease $27.60/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,205 @ 7.0% cap · market cap 3.33%
Second Best
Hotel Hospitality
$725.5K
$634.8K – $846.5K
NOI $50,787 @ 7.0% cap · market cap 1.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Plonk Missoula
Eclectic Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Casino - Fully renovated three-level building with an upper terrace, 6,600+ sqft hospitality space, and an all-beverage gaming license.
Where is this casino located?
The property is located at 322 N Higgins Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 1910‑built, fully renovated three‑level commercial building with an upper terrace; Over 6,600 sqft of hospitality‑ready space with updated HVAC, plumbing, and electrical systems; Includes a Missoula City quota area all‑beverage license with gaming attached
