Stephens Hotel Mixed-Use
140 W Park, Butte, MT 59701
For Sale
$2,600,000
ResidentialIncome, Butte, MT
Property SizeContact for details
Lot Size0.10 Acres
Days on Market99
Property Features for 140 W Park
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in-unit laundry
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Listing Agency:
Platinum Real Estate
(406) 565-7128
Listed By:
Clay Seccomb · License MT RRE-BRO-LIC-53383
(406) 560-6495
Added: Aug 7
Changed: Oct 29
Last Checked: Nov 13 at 11:06PM
MLS# 413930
Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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The Stephens Hotel Building is a historic mixed-use property with 10 renovated apartments across the second and third floors. Residential interiors include spacious layouts, natural light, modern kitchens with stainless steel appliances, updated bathrooms, and restored woodwork. Some apartments have in-unit laundry, while shared laundry facilities serve the building. The main floor contains three commercial suites, with two restaurant tenants currently occupying the space; one tenant operates from two suites.
Major capital work includes new plumbing, electrical, and heating systems, along with substantial infrastructure improvements. The brick building dates to 1900 and occupies 0.099 acres. It is positioned at the Park Street and Montana Street corner in Uptown Butte, near Intermountain Health, Montana Technological University, the Silver Bow County Courthouse, NorthWestern Energy Headquarters, and local retail, dining, and entertainment venues. The property reflects a 7.4% cap rate.
Major capital work includes new plumbing, electrical, and heating systems, along with substantial infrastructure improvements. The brick building dates to 1900 and occupies 0.099 acres. It is positioned at the Park Street and Montana Street corner in Uptown Butte, near Intermountain Health, Montana Technological University, the Silver Bow County Courthouse, NorthWestern Energy Headquarters, and local retail, dining, and entertainment venues. The property reflects a 7.4% cap rate.
Key Highlights
- 10 renovated apartments occupy the second and third floors
- Three main‑level commercial suites; two are occupied by restaurant tenants
- 7.4% cap rate
Property Analytics
Who owns this building?
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Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated upper-floor apartments and main-level commercial suites combine residential and restaurant uses in a historic Butte building.
Where is this mixed-use property located?
The property is located at 140 W Park Butte, MT.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 10 renovated apartments occupy the second and third floors; Three main‑level commercial suites; two are occupied by restaurant tenants; 7.4% cap rate
