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    OFF-MARKET
    Retail space

    429 1st S Ave, Glasgow, MT 59230-2310

    2,904 SF 0.08 ac lot Built 1920
    Entity Owned Free & Clear
    Property ID
    US52-0513941
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    MONSONS MONTANA BAR LLC
    MONSONS MONTANA BAR LLC
    Zoning & alternative use
    1 · Glasgow, MT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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