Property profile

429 1st S Ave Glasgow, MT 59230

OFF-MARKET
Retail space
Property ID
US52-0513941
2,904 SF 0.08 ac lot Built 1920
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire "The Montana Bar," a well-established and historically significant business in Glasgow, Montana. Operating continuously since 1899, this turnkey operation boasts a prime location in a high-traffic area, ensuring consistent patronage from locals and visitors alike. The main building, constructed in 1920 and significantly remodeled in the late 1970s, offers approximately 2,904 square feet of commercial space, including a 1,959 square foot main bar area and a 956 square foot addition perfect for events and gaming. Recent upgrades include a new membrane roof, LED lighting, a forced-air furnace (2022), attic insulation, and a 30' x 12' covered patio (2020). The building also features updated plumbing and electrical systems, a new 5" PVC sewer pipe, and new front street windows designed for easy removal to facilitate outdoor service during community events. An unfinished attic space offers potential for future development, such as an apartment. The sale includes a Montana State floatable liquor license and all existing inventory. Annual property taxes were $2,697 in 2022, with monthly city water/sewer averaging $115. Utilities include natural gas (Montana Dakota Utilities) and electricity (Northwestern Energy), averaging $450 monthly. The business actively participates in community events, generating additional revenue streams through sports betting, state lotto machines, and various leagues and tournaments. This is a rare chance to own a piece of Montana history and a thriving, profitable business.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 2,904 SF
Lot 0.08 ac (3,267 SF)
Zoning code 1
APN 20-4030-12-3-28-11-0000
UPID US52-0513941

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

429 1st S Ave Glasgow, MT 59230-2310
Glasgow metro Census 100500
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Zoning & alternative use

1 · Glasgow, MT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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