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Friday, April 18, 2014

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Commercial Property - Bar, Casino & Restaurant

Historic Commercial Building built in 1903 with multiple updates and approx. 3250 square feet of Bar and Casino Space and 5174 Square Feet of Restaurant Space which is currently being leased by a Popular Mexican Cafe with Steady Income. The upstairs is approx. 5000 square feet which could be converted into 4 income producing apartments, hotel rooms or owner housing - all of which are greatly needed due to the Bakken Oil Field Boom in Western North Dakota and Eastern Montana. The basement is approx. 5000 square feet and houses the utilites, new furnace, new 100 gallon commercial water heater, chill chamber cooler, ice machines and provides lots of storage. The property also includes approx. 7500 square foot private paved parking lot. The property includes the building, the business, and lots of inventory which includes but is not limited to a Montana State Liquor License, 15 Multi-Game Casino Gambling Machines, 2 Pool Tables, ATM, Bar Equipment, New Security System, Restaurant Equipment, Jukebox and more. The Profit on this propety is estimated to exceed 16% plus on your initial investment, based on your initial investment. The legal description of the property is T16N, R55E, S35, Block 15, Lots 8,9,10, 11 and 12. The address is 209 North Merrill Avenue, Glendive, MT 59330. The property sits on the corner of Merrill Avenue and Towne Street, also known as the I-94 Business loop, which runs right through down town Glendive and is a high traffic area that brings in many patrons. The lots that the building sits on is approx. 11,250 square feet and the private parking lot is approx. 7500 square feet for a total of 18,750 square feet.


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