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    Downtown Mixed-Use Building Title is generated by Realmo AI

    124 E Commercial Avenue, Anaconda, MT 59711

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    For Sale
    $596,000

    Mixed-use property with leased retail storefronts and residential apartments, plus an unused ground-level space for conversion.

    Type:Commercial
    Property size:
    8,062 SF
    Price / SF:
    $73/SF
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 2:04 am

    Property Features for 124 E Commercial Avenue

    General Information

    Standard status
    Active
    Size
    8,062 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Michael Moreni

    Listing agent Michael Moreni

    Listing office Century 21 Shea Realty

    Listing date Jun 2, 2026

    Source Clearwaterproperties

    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 Century 21 Shea Realty

    HighLights

    • Mixed‑use property with 2 fully leased commercial storefronts and 4 residential apartments
    • 6.00 total bathrooms with 4 total bedrooms across the residential units
    • Two apartments recently remodeled
    • Unused ground‑level space ready for conversion into an additional commercial unit, storage rental, or other income use
    • Large basement square footage offers storage, future expansion, or potential additional income use
    • Includes off‑street parking and an adjoining lot

    Overview

    This downtown mixed-use building combines two fully leased commercial storefronts with four residential apartments, creating a diversified income profile within one property. The layout also includes a considerable amount of basement square footage that can support storage and other flexible, income-related uses. Two of the apartments have been recently remodeled, while residents share access to a laundry area and a covered patio. In addition, there is off-street parking available for tenants and visitors, and an unused ground-level space that could be converted into an additional commercial unit, storage rental, or another income-producing use.

    Located at 124 E Commercial Avenue in Anaconda, MT 59711, the property is described as being about one block from Main Street in the heart of downtown. An adjoining lot is included with the sale, which may support expanded parking needs, future development, or other value-added improvements based on the buyer’s plans.

    For buyers seeking a turnkey, multi-income asset, the combination of leased storefront tenants and residential units provides immediate utilization of the property. The included adjoining lot and basement area add practical flexibility for storage or reconfiguration, while the unused ground-level space offers a clear path for additional revenue should the buyer choose to convert it for commercial or storage use.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Anaconda
    County
    Deer Lodge
    State
    Montana
    Longitude
    -112.9513115
    Latitude
    46.1303729

    Nearby Similar for Sale

    • $596,000

      Downtown Mixed-Use Investment Opportunity

      Prime mixed-use property with income and growth potential.
      124 E Commercial Avenue, Anaconda, MT 59711
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    • $495,000
      3,960 SF

      Anaconda Commercial Property Opportunity

      Versatile commercial building in a growing Montana community.
      1300 E Commercial Avenue, Anaconda, MT 59711
      View Details
    • Contact for pricing

      Established Business Opportunity For Sale

      Profitable bar and restaurant with real estate for sale.
      1212 E Park Ave, Anaconda, MT 59711
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    • $1,500,000
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      Iconic Restaurant with Liquor License

      Profitable restaurant with living quarters on 2.5+ acres.
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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with leased retail storefronts and residential apartments, plus an unused ground-level space for conversion.
    Where is this mixed-use property located?
    The property is located at 124 E Commercial Avenue Anaconda, MT.
    What is the asking price?
    The asking price for this property is $596,000.
    What are key features of this property?
    This property features: Mixed‑use property with 2 fully leased commercial storefronts and 4 residential apartments; 6.00 total bathrooms with 4 total bedrooms across the residential units; Two apartments recently remodeled
    We can help!
    Listing Contact
    Michael Moreni
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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