120 W Broadway Street $1,800,000

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    120 W Broadway Street Butte, MT 59701

    • 29,220 sq. ft.
    • Commercial
    • MLS# 377718
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    Views: 4 Days On Site: 36

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    Property Details

    Located in Uptown Butte, the Grand Hotel is a (+/-) 29,220 SF mixed-use property situated on a 5,140 SF lot. Built in 1900, The Grand Hotel is comprised of six floors that are (+/-) 4,870 SF each. The Quarry Brewery occupies the lower level and the Derailed Bike Shop and a private event space occupy the ground level. Floors 3-6 are considered shell space that were formerly used as hotel rooms for the Grand Hotel. The current structural engineering allows for 5 condos units per floor, on floors 3-6, for a total of 20 units. The proposed floor plan features three 2 BR/2 BTH, one 2 BR/1 BTH and 1 studio unit. This adaptive reuse project is ideal for an investor looking for an iconic building that generates income with tremendous upside per the 20-unit condo project. This property is located in a Qualified Opportunity Zone, eligible for Historic Tax Credits, and within the URA District to incentives revitalization. The 2,091 SF vacant lot on Broadway Street is included in this offering.

    • General Features
      • Year Built 1900
      • Tax Annual Amount 9050
      • Postal City Butte
    • Building Features
      • Heating Electric
      • Building Area Total 29220
      • Cooling Ceiling Fan(s)
      • Utilities Sewer Available, Water Available
      • Heating Y/N 1

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    Neighborhood

    59701 (Butte) Demographics

    40 Median Age
    74 Population Density (per sq. mile)
    35% College Educated
    $48,913 Estimated Median Income
    10,001 Estimated Total Home Owners
    4,529 Estimated Total Renters
    69% / 31% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    33,685 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $270,500 Median Sales Price
    36 Homes Sold
    38 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,800,000
        10/25/2022 10:05:00 AM New in Database Source: Multiple Listing Service New Value: $1,800,000

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        The listing information is provided by the Big Sky Country Multiple Listing Service. The information provided on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2022 Big Sky Country Association of REALTORS®, Inc. All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.