Historic Bar and
337 N Higgins Avenue, Missoula, MT 59802
For Sale
$3,900,000
BusinessOpportunity, Missoula, MT
Property Size8,800 SF
Lot Size0.12 Acres
Price / SF$443.79
Days on Market152
Property Features for 337 N Higgins Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Rooms
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
PureWest Real Estate Missoula
(406) 541-4000
Listed By:
Jennifer Cooney · License #RRE-RBS-LIC-38418
(406) 396-5544
Added: Jun 9
Changed: Nov 2
Last Checked: Nov 7 at 3:06PM
MLS# 30072719
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 337 N Higgins Avenue in downtown Missoula, this 8,788-square-foot brick property was built in 1910 and sits on a 0.124-acre lot. The first floor contains a bar and restaurant, a private poker room, and office space. An unfinished second floor has high ceilings, while three basement areas provide additional interior space. The building is heated by forced air and has a rubber roof.
A separate entrance from Pine Street offers independent access. The sale includes the furniture, fixtures, and equipment, along with a Montana all-beverage liquor license with gaming. The property is zoned Commercial.
A separate entrance from Pine Street offers independent access. The sale includes the furniture, fixtures, and equipment, along with a Montana all-beverage liquor license with gaming. The property is zoned Commercial.
Key Highlights
- 8,788‑square‑foot brick building on a 0.124‑acre lot
- Built in 1910; zoned Commercial
- First floor includes bar and restaurant space, a private poker room, and an office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,364
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,547,280
$3.5M
Cap Rate 7%
$2,533,771
$2.5M
Cap Rate 9%
$1,970,711
$2.0M
Market Conditions
NOI Build-Up for 8,788 SF
Gross rent
$242.5K $27.60/SF
− Vacancy
−$6.1K −$0.69/SF
EGI
$236.5K $26.91/SF
− OpEx
−$59.1K −$6.73/SF
NOI
$177.4K $20.18/SF
Area
Missoula County, MT
Vacancy
2.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,547,280
Cap Rate 7%
$2,533,771
Cap Rate 9%
$1,970,711
Alternative Uses
Best Use
Specialty Retail
$2.53M
$2.22M – $2.96M
NOI $177,364 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,241
Businesses Nearby
86k
Monthly Visits Nearby
Well-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
$420,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Bars & Pubs in Missoula County, MT
Properties on Market for Bars & Pubs in Missoula County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Grizzly Espresso — S Van Buren Ave, Missoula, MT 59812
- Myrtle Street Taps — 602 Myrtle St, Missoula, MT 59801
- Flippers Tavern ~ Grill ~ Casino — 125 S 3rd St W, Missoula, MT 59801
- GILD — 515 S Higgins Ave, Missoula, MT 59801
- Starbucks — 1003 E Broadway St, Missoula, MT 59802
Frequently Asked Questions
What type of property is this?
Bar & Pub - Existing hospitality space combines a bar, restaurant, poker room, and office with a separate Pine Street entrance.
Where is this bar & pub located?
The property is located at 337 N Higgins Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 8,788‑square‑foot brick building on a 0.124‑acre lot; Built in 1910; zoned Commercial; First floor includes bar and restaurant space, a private poker room, and an office
