Mixed-Use Brick
47 E Broadway Street Butte, MT 59701
47 E Broadway Street, Butte, MT, 59701
$1,100,000
For Sale
$1,100,000
Commercial Sale, Other - Butte, MT
Property Size10,152 SF
Price / SF$108.35
Days on Market40
Property Features for 47 E Broadway Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Standard status
- Active
- APN
- 0000241500
- Size
- 10,152 SF
Utilities
- Heating system
- Baseboard
- Cooling system
- Varies by Unit
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing agency
Engel & Völkers Butte
(406) 565-4935
Listed by
Trevor Bristol
(406) 498-5682
Added: Jun 12 Updated: Jul 15 at 3:04AM Checked: Jul 21 at 10:06PM
MLS# 411113
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Circa 1889 brick and stucco mixed-use building offers three floors plus a full basement. The upper floors are occupied by nine apartments, while the main floor is currently operated as a café with weekday lunch and catering service. Downstairs and in the dining rooms, central air is in place, and the roof features a rubber membrane.
Located in the middle of Butte’s historic business district at 47 E Broadway Street, the property sits in an Opportunity Zone and is described as qualifying for URA and BLDC grants and loans. Existing updates include electrical, sewer, and hot water heater improvements, and the building is reported to be in genuinely good shape for its age.
Tenants in the apartment portion are described as month to month, providing flexibility for how the residential space is handled going forward.
Located in the middle of Butte’s historic business district at 47 E Broadway Street, the property sits in an Opportunity Zone and is described as qualifying for URA and BLDC grants and loans. Existing updates include electrical, sewer, and hot water heater improvements, and the building is reported to be in genuinely good shape for its age.
Tenants in the apartment portion are described as month to month, providing flexibility for how the residential space is handled going forward.
Key Highlights
- Located in an Opportunity Zone and eligible for URA and BLDC grants/loans, improving financial viability.
- Prime location in Butte's historic business district.
- Nine apartments provide flexible options: Airbnb, rentals, owner occupancy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.8k | $12.00 |
| − Vacancy | −$8.5k | −$0.84 |
| EGI | $113.3k | $11.16 |
| − OpEx | −$51.0k | −$5.02 |
| NOI | $62.3k | $6.14 |
10,152 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,717 @ 7.0% cap · market cap 11.34%
Second Best
Apartment 5plus
$890.2K
$778.9K – $1.04M
NOI $62,313 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,877 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Uptown Cafe
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-story brick and stucco building with café space on the main floor, apartments upstairs, and central air below.
Where is this apartment building located?
The property is located at 47 E Broadway Street Butte, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Located in an Opportunity Zone and eligible for URA and BLDC grants/loans, improving financial viability.; Prime location in Butte's historic business district.; Nine apartments provide flexible options: Airbnb, rentals, owner occupancy.
