1111 E Park Ave 4 066 pi² Commerce de détail Immeuble Anaconda, MT 59711 723 188 $ CAD (177,86 $ CAD/pi²)

Exceptional opportunity to acquire a well-known restaurant property in Anaconda, Montana. The offering includes both the real estate and the operating business known as “The Hangout,” though ownership is open to selling the building independently or structuring a transaction to fit buyer needs.
The property is currently operating as a restaurant and has been thoughtfully updated with a modern, inviting interior that appeals to both locals and visitors. The layout features two separate dining areas, allowing for a variety of uses including traditional dining, private events, group gatherings, or alternative concepts such as entertainment or gaming (buyer to verify permitted uses). This flexibility makes the space adaptable for a wide range of business models.
The commercial kitchen is equipped with a grill hood system, and additional equipment is available and negotiable as part of the sale. The setup provides a strong foundation for a new owner to continue operations with minimal downtime or to implement a new concept with existing infrastructure in place.
Recent improvements include a new heating system, contributing to overall efficiency and year-round comfort for both guests and staff. The property also benefits from a spacious and convenient parking area, a valuable feature for customer accessibility and operational flow, especially during peak hours or hosted events.
“The Hangout” has established itself as a recognized local establishment, offering a level of name recognition and community familiarity that can be beneficial to a new owner. However, there is no requirement to continue operating under the existing name or concept, providing full flexibility for rebranding or repositioning the business to align with a buyer’s vision.
Anaconda offers a unique small-town market with strong community support for local businesses and a steady flow of visitors drawn to the surrounding recreational amenities. The area’s accessibility to local favorites such as Georgetown Lake, Discovery Ski, and Fairmont Hot Springs, along with several other outdoor destinations, contributes to consistent local and pass-through traffic.
This opportunity is well-suited for a variety of buyers, including owner-operators seeking a turn-key restaurant space, investors looking for a commercial asset with income potential, or entrepreneurs interested in repositioning a property with an established footprint.
All terms are negotiable, including but not limited to the inclusion of business assets, equipment, branding, and operational components.
Information is deemed reliable but not guaranteed. Buyer and buyer’s agent to perform all due diligence and verify all information to their satisfaction, including zoning, use, financials, and property details. Sale includes two parcels; however, only one parcel’s tax amount is currently reflected. Additional parcel information to be independently verified.