See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

54152 Highway 2, Glasgow, MT, 59230

0beds
2baths
2,852sqft
$595,000
$209price/sqft
$4,093/moest. monthly cost
$163,720/yrincome needed

About This Home

Rare Opportunity: Established Bar & Steakhouse For Sale - Glasgow, MT Positioned along the high-traffic US Highway 2 corridor in Glasgow, Montana, The North 48 Bar & Steakhouse represents one of the most sought-after commercial hospitality opportunities in northeast Montana. This fully operational, turn-key establishment has built a loyal following as a premier dining and entertainment destination serving Glasgow and the surrounding Valley County region. The Business The North 48 is a well-known full-service bar and grill offering a complete dining experience, from hearty entrées and a full dinner menu to desserts, and special event hosting. The business has established itself as a go-to gathering place for locals, travelers passing through on US-2, agricultural workers, and visitors to the Fort Peck Lake and Missouri River recreation areas. The Location Glasgow, Montana sits at the crossroads of northeast Montana's agricultural heartland and some of the region's most spectacular outdoor recreation. Fort Peck Lake, one of the largest reservoirs in the United States, draws hunters, anglers, boaters, and outdoor enthusiasts from across the country. US Highway 2, known as the Hi-Line, sees consistent year-round traffic from locals, long-haul travelers, and seasonal visitors alike. This location puts The North 48 in the path of a broad and diverse customer base. The Opportunity Whether you are an experienced hospitality operator looking to expand into a proven market, an entrepreneur seeking a turn-key business with an established brand and customer base, or an investor looking for a cash-flowing commercial asset in a stable rural economy, The North 48 presents a compelling case. Glasgow's economy is anchored by agriculture, energy, healthcare, and government, providing a resilient local customer base that supports year-round business activity. The sale includes the real property, business operations, and fixtures and equipment. A Montana alcoholic beverage license is associated with the business and transfers separately through the Montana Department of Revenue per state regulations. Gambling License attached. Glasgow, Montana Glasgow is the county seat of Valley County and serves as the commercial and service hub for a wide area of northeast Montana. The community offers a strong quality of life with affordable cost of living, excellent schools, outdoor recreation, and a tight-knit community, making it an attractive place to live and operate a business. All financial inquiries, tours, and offers are to be submitted through the listing agent. Buyers are encouraged to perform their own due diligence. Business financials available to qualified buyers upon execution of a Non-Disclosure Agreement.

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
55
BikeBikeable

Schools

3/10
Irle Elementary SchoolGrades PK-50.4 mi
4/10
Glasgow 7-8Grades 6-81.1 mi
4/10
Glasgow High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1980

Materials

  • Roof: Flat
  • Construction materials: Post and Beam,Wood Siding

Notable Dates

  • Major remodel year: 2004

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Flooring: Carpet,Linoleum
  • Finished area above ground: 2,852

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central

Interior Area

  • Total structure area: 2,852
  • Total interior livable area: 2,852 sqft

Property

Accessibility

  • Accessibility features: Handicap

Details

  • Lease amount: 0

Lot

  • Lot size: 0.53 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters in Valley County and Montana

Flood
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,008$36,096
Home Insurance $434$5,208
Property Taxes $456$5,472
Electricity $195$2,350
Total$4,093$49,116

Income You'd Need if You Spent...

35% on housing$140,331/yr
40% on housing$122,790/yr
45% on housing$109,146/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 1.3%
1.3%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$209This listing

vs Other Active Listings

Avg $/sqft

ZIP 59230$84
Valley County$167

vs Homes Sold Last Month

Median $/sqft

ZIP 59230
Valley County$293

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-14Listed for sale$595,000

For Sale by Agent

AgentJohn Walker
BrokerageMissouri River Realty

Similar Homes