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Historic Mixed-Use Building with Light Well
For Sale
$800,000

120 W Broadway Street, Butte, MT 59701

Historic six-floor building with existing ground-floor commercial use and upper levels with utilities stubbed in for future conversion.

Property Size29,916 SF
Lot Size0.05 Acres
Price / SF$26.74
Days on Market58

Property Features for 120 W Broadway Street

General Information

Standard status Active
Size 29,916 SF
Lot size 0.05 Acres
Property subtype Commercial
Zoning C3

Taxes and HOA fees

Annual Taxes $8,818

Building Details

Building Size 29,916 SF
Year Built 1900
Stories 6
Tenancy Multi
Listing Agency: Engel & Volkers - Butte
Listed By: EJ Daws
Source: Outlaw
Added: Jun 24 Changed: Aug 19 Last Checked: Aug 20 at 5:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers - Butte

Investment Insights

Based on property information with market context.

The Grand Hotel is a historic mixed-use building offering approximately 29,220 square feet across six floors. The lower level is currently home to Quarry Brewing, and the main floor includes Derailed Bike Shop plus a renovated event venue. The main level, which was once the hotel lobby and reception area, has been configured with a stage, sound system, office space, storage areas, and restrooms. On the lower floors, significant electrical, plumbing, and heating improvements have already been completed. The upper levels (formerly hotel rooms) remain largely untouched, with plumbing and electrical stubs already in place, and the existing layout supports a range of future uses. Many original architectural details remain, including hardwood flooring and a central light well that brings natural light to interior rooms. An original elevator shaft remains intact and could potentially be restored to serve the upper floors.

The building is located in Uptown Butte, near restaurants, entertainment, and local businesses. The sale also includes a 2,100 square foot lot located across the street, providing additional flexibility for future use, subject to buyer verification.

For buyers and operators, the property offers established commercial space on the lower floors while retaining largely intact upper floors with utility infrastructure staged for adaptation. The combination of existing tenancy, substantial building area, and preserved historic features supports a practical plan for converting the upper levels while maintaining current ground-floor operations.

Key Highlights

  • Historic six‑floor mixed‑use building with +/-29,220 SF built in 1900
  • Quarry Brewing occupies the lower level, and Derailed Bike Shop plus a renovated event venue are on the main floor
  • Main floor includes a stage, sound system, office space, storage areas, and restrooms

Property Analytics

Current Use

The Derailed Bike Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store Veterinary Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,413
Businesses Nearby

Demographics for 59701, MT

33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Brewery - Historic six-floor building with existing ground-floor commercial use and upper levels with utilities stubbed in for future conversion.
Where is this brewery located?
The property is located at 120 W Broadway Street Butte, MT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Historic six‑floor mixed‑use building with +/-29,220 SF built in 1900; Quarry Brewing occupies the lower level, and Derailed Bike Shop plus a renovated event venue are on the main floor; Main floor includes a stage, sound system, office space, storage areas, and restrooms
More about this property
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