223 N Higgins Ave, Missoula, MT

Name: 223 N Higgins Ave, For Sale in Missoula - eXp Realty
Brand: Eagen Real Estate
SKU: 411050
Price: 1450000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,450,000

000

MLS® 411050

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size 10000 sqft

Garage

Taxes $33,357

Days Active 1

Lot Size

Approx. Age 1895

Avg. Price Per Sqft $145

MLS® Number 411050

Property Address: 223 N Higgins Ave, Missoula, MT, 59802-4434

Average square foot calculated using Size range provided by listing agent.

Description

Positioned in the heart of Downtown Missoula along the highly sought-after Higgins Avenue corridor, this offering presents a rare opportunity to acquire a fully built-out, high-capacity restaurant & bar, a speakeasy lounge and catering event space in lower level operation anchored by a coveted Montana All Beverage License. The business occupies approximately 10, 000 square feet under a NNN lease structure and features a thoughtfully designed interior with high-end finishes, a prominent bar, and multiple distinct service areas that create both operational efficiency and a compelling guest experience. The building is not included in sale. A new owner will lease main and lower levels. The layout is intentionally designed to support diverse and scalable revenue streams, including a main dining and bar area with strong street presence, a basement speakeasy ideal for late-night programming or private use, and a separate event space well-suited for group dining, corporate functions, and hosted events. These distinct environments allow for simultaneous operations and provide flexibility for a wide range of concepts, service models, and income opportunities. The offering includes the Montana All Beverage License priced at $1, 100, 000, along with approximately $150, 000 in wine and liquor inventory and $200, 000 in furniture, fixtures, and equipment, including the point-of-sale system, for a total acquisition price of $1, 450, 000. The business is offered as a turnkey operation, with a level of build-out and infrastructure that would be difficult and costly to replicate in today’s market. The building is not included in sale. A new owner will lease main and lower levels. The lease is structured as NNN with a base rent of $16, 500 per month, plus estimated monthly expenses of approximately $2, 600 for property taxes and $900 for insurance, resulting in a total monthly occupancy cost of roughly $20, 000. This represents a competitive occupancy structure for a downtown location of this scale and quality, offering immediate operational capacity in one of Missoula’s most active commercial and nightlife districts.

MLS® Number411050

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1895

Basement

DrivewayOn Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 8, 2026List Date

$1,450,000List Price

Commute

Commute

Starting Address

Destination Address

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