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.
For sale
$595,000
54152 Highway 2, Glasgow, MT 59230
0beds
2,852sqft
Single Family Residence
Built in 1980
0.53 Acres Lot
$546,400 Zestimate®
$209/sqft
$-- HOA
What's special
- 83 days
- 94
- 1
Zillow last checked:
Listing updated:
Listed by:
John Walker 406-223-6074,
Missouri River Realty,
Deborah Henry 406-263-2273
Source: My State MLS,MLS#: 11742147
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 2
- 1/2 bathrooms: 2
Basement
- Area: 0
Heating
- Natural Gas, Forced Air
Cooling
- Central
Features
- Flooring: Carpet, Linoleum
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,852
- Total interior livable area: 2,852 sqft
- Finished area above ground: 2,852
Property
Accessibility
- Accessibility features: Handicap
Lot
- Size: 0.53 Acres
Details
- Lease amount: $0
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Post and Beam, Wood Siding
- Roof: Flat
Condition
- New construction: No
- Year built: 1980
- Major remodel year: 2004
Utilities & green energy
- Electric: Amps(0)
- Sewer: Municipal
- Water: Municipal
Community & HOA
HOA
- Has HOA: No
Location
- Region: Glasgow
Financial & listing details
- Price per square foot: $209/sqft
- Annual tax amount: $7,361
- Date on market: 7/14/2026
- Date available: 05/07/2026
- Listing agreement: Exclusive
Estimated market value
$546,400
$514,000 - $579,000
$1,856/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $595,000$209/sqft |
Source: My State MLS #11742147 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment

