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    119 Alder St Missoula, MT 59802

    Sponsored
    For Sale
    $3,925,000

    Historic Downtown Missoula Bars & Casino

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property at 119 & 127 W Alder Street in Missoula, Montana, presents a unique investment opportunity. The 7,800 sq ft lot houses two iconic Missoula establishments: Al's & Vic's Bar, Missoula's oldest bar in its original location, and James Bar, opened in 2007. This offering includes the real estate, two established businesses, a casino, a restaurant, all fixtures, furniture, and equipment (FF&E), and the business names. The property boasts a combined total of two units, built in 1935, and benefits from a vibrant downtown Missoula location, zip code 59802. The sale encompasses all aspects of the operation, including the necessary licenses for beverage service and gaming. An outdoor patio provides additional space for customer enjoyment during warmer months. This is a rare chance to acquire a piece of Missoula's history and a thriving hospitality business in a prime downtown location. The asking price for this exceptional property is $3,925,000. This turnkey operation offers immediate income potential and significant long-term growth opportunities. The property's rich history and prime location make it an attractive investment for discerning buyers seeking a unique and established business in a thriving Montana market.

    Property Features for 119 Alder St

    General Information

    Property type
    Casinos

    Building Details

    Year Built
    1935
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Al's & Vic's Bar Bar

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.9931136
    Latitude
    46.8750407

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    FAQs

    What type of property is this?
    Casino - Historic Downtown Missoula Bars & Casino
    Where is this casino located?
    The property is located at 119 Alder St Missoula, MT.
    What is the asking price?
    The asking price for this property is $3,925,000.
    Request Owner's contact information
    119 Alder St Missoula, MT 59802
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    Missoula, MT 59802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Alder St Missoula, MT 59802
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