For Sale
$250,000

429 1St AveGlasgow, MT 59230

Historic Montana bar, 3,267 sq ft, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • $250,000 asking price for a 3,267 square foot office building.
  • Located at 429 1st Ave N, Glasgow, MT 59230.
  • Established in 1899, this turn-key bar and tavern boasts a long history and strong local clientele.
  • Features a 1,959 sq ft main bar area and a 956 sq ft addition for events, plus unfinished attic space.
  • Includes a Montana State Floatable Liquor License and all existing inventory.

Property Details for 429 1St Ave

Property type
Office properties
Square Feet
3,267 SF

Location Insight

City
Glasgow
County
30105
State
Montana
Latitude
48.1961913
Longitude
-106.6337808
429 1St Ave, Glasgow, Montana

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429 1St Ave
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