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

Real Estate

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 No

HOA Fees

Taxes $33,357

Days Active 0

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

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1895

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

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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