Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    102 Elliot St Wilsall, MT 59086

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Elliot St Wilsall, MT 59086

    View on Map
    • Bars & Pubs
    • 4,022 SF
    • 0.14 lot acres
    For Sale
    $1,500,000
    View Listing →
    Historic Wilsall Bank Bar & Restaurant For Sale
    $1,500,000
    5,676 SF

    Historic Wilsall Bank Bar & Restaurant

    Turnkey Business Opportunity: Iconic Montana Bar

    102 Elliot St, Wilsall, MT 59086
    View Listing
    Property ID
    US52-0649239
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Bank Bar & Vault Restaurant / Restaurant

    Property Details for 102 Elliot St

    Year built
    1913
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    4,022 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    49-1215-19-3-41-15-0000
    APU
    49121519341150000

    Description

    This exceptional commercial property, located at 102 Elliot S in Wilsall, Montana, presents a unique investment opportunity. The 5,676 square foot building, originally constructed in the early 1900s, boasts a rich history as a bank and currently operates as the highly successful Bank Bar & Vault Restaurant, featured in "America's Best Restaurants in 2024." The property sits on a 0.14-acre lot in a prime location on the main highway, ensuring high visibility and accessibility for both local residents and tourists. The building's distinctive architectural features, including original brickwork and high ceilings, have been meticulously preserved, creating a unique and charming atmosphere. The spacious interior comprises multiple levels, offering a versatile layout that includes a well-established bar area, a family-friendly dining space, a fully equipped kitchen, and ample office space. This turnkey business opportunity includes existing liquor, catering, and gaming licenses, providing a significant advantage for a new owner. The property's central location in scenic Wilsall, Montana, makes it an ideal destination for those seeking a thriving business in a beautiful and desirable setting. Whether you plan to continue the legacy of the Bank Bar & Vault Restaurant or envision a different commercial use, this property offers immense potential for success. The asking price is $1,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilsall
    County
    Park
    State
    Montana
    Longitude
    -110.661
    Latitude
    45.9935

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,594
    $0.00
    $0.00
    $659,900
    -
    $131,505
    $528,395
    $659,900

    Comparable in this City

    • Value Estimation by Request
      3,104 SF

      107 Elliot N St

      RETAIL STORES (PERSONAL SERVICES) • 3,104 SF
      107 Elliot N St, Wilsall, MT 59086-8503
      View Details
    • Value Estimation by Request
      1,200 SF

      Us Hwy 89th N

      SHOW ROOM, WAREHOUSE • 1,200 SF
      Us Hwy 89th N, Wilsall, MT 59086
      View Details
    • Value Estimation by Request
      320 SF

      Wilsall, MT 59086

      SHOW ROOM, WAREHOUSE • 320 SF
      Wilsall, MT 59086
      View Details
    • Value Estimation by Request
      2,742 SF

      104 Elliot N St

      SHOW ROOM, WAREHOUSE • 2,742 SF
      104 Elliot N St, Wilsall, MT 59086-8503
      View Details
    • Value Estimation by Request
      5,000 SF

      106 Elliot S St

      SHOW ROOM, WAREHOUSE • 5,000 SF
      106 Elliot S St, Wilsall, MT 59086
      View Details
    • Value Estimation by Request
      992 SF

      104 Elliot N St

      RETAIL STORES (PERSONAL SERVICES) • 992 SF
      104 Elliot N St, Wilsall, MT 59086-8503
      View Details

    Similar Nearby for Sale

    • $175,000
      0.39 Acres

      Land Near Crazy Mountain Range

      0.385 acre land tract near Shields River and Wilsall.
      Nhn Shields Riv Rd, Wilsall, MT 59086
      View Details
    • $1,500,000
      5,676 SF

      Historic Wilsall Bank Bar & Restaurant

      Turnkey Business Opportunity: Iconic Montana Bar
      102 Elliot St, Wilsall, MT 59086
      View Details
    • $1,600,000
      29.90 Acres

      Secluded Land with Rustic Cabin

      Pristine 30-acre property with cabin near Crazy Mountain Range.
      572 Upper Cottonwood Crk Rd, Wilsall, MT 59086
      View Details
    • $599,000
      62.16 Acres

      Land in Bridger Mountain Range

      62+ acre Montana land parcel near Bozeman.
      A1 Old Flathead Crk Road-Parcel, Wilsall, MT 59086
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Elliot St
    Wilsall, MT 59086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!