Standalone Storefront
For Sale
$250,000
1644 Harrison, Butte, MT 59701
CommercialSale, Butte, MT
Property Size1,148 SF
Price / SF$217.77
Days on Market116
Property Features for 1644 Harrison
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2
Directions
google maps takes you to the property
Subdivision
10BE - Butte - E of Harrison to 4 Mi V
Standard status
Active
APN
0000187600
Size
1,148 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GRAND AVENUE ADD, S19, T03 N, R07 W, BLOCK 12, LOT 11 - 12
Tax Annual Amount
2037
Legal Description
GRAND AVENUE ADD, S19, T03 N, R07 W, BLOCK 12, LOT 11 - 12
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1909
Listing Agency:
RE/MAX Premier · RE/MAX International
(406) 299-3500
Listed By:
Melissa Crosby · License #BRO-63260
(406) 498-5102
Added: May 4
Changed: Aug 19
Last Checked: Aug 27 at 1:06AM
MLS# 410904
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.
Investment Insights
Based on property information with market context.
This standalone storefront building contains 1,148 square feet and was built in 1909. The property is positioned along Harrison Avenue in Butte, with frontage supporting business identification from the corridor. Its configuration is described as suitable for retail, office, and service-based operations, providing flexibility for an owner-user or other commercial occupant.
Public water and public sewer serve the property. Customer parking is identified as an existing feature, and the address places the building within Butte’s established commercial area. The property is located at 1644 Harrison, Butte, Montana 59701, in Silver Bow County.
Public water and public sewer serve the property. Customer parking is identified as an existing feature, and the address places the building within Butte’s established commercial area. The property is located at 1644 Harrison, Butte, Montana 59701, in Silver Bow County.
Key Highlights
- 1,148‑square‑foot standalone storefront building
- Built in 1909
- Frontage along Harrison Avenue in Butte
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,741
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,820
$234.8K
Cap Rate 7%
$167,729
$167.7K
Cap Rate 9%
$130,456
$130.5K
Market Conditions
NOI Build-Up for 1,148 SF
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.
Gross rent
$17.2K $15.00/SF
− Vacancy
−$448 −$0.39/SF
EGI
$16.8K $14.61/SF
− OpEx
−$5.0K −$4.38/SF
NOI
$11.7K $10.23/SF
Area
Silver Bow County, MT
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,820
Cap Rate 7%
$167,729
Cap Rate 9%
$130,456
Alternative Uses
Best Use
Retail
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.2K
$218.9K – $291.9K
NOI $17,514 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Home Improvements & Furnishings 15%
Dining 14%
Beauty & Spa 4%
Dollar Tree
Shops & Services
8,984 visits/mo
0.3 miles
Town Pump
Shops & Services
7,071 visits/mo
0.2 miles
Exxon
Shops & Services
7,066 visits/mo
0.2 miles
Butte True Value
Home Improvements & Furnishings
7,006 visits/mo
0.3 miles
Little Caesars Pizza
Dining
4,513 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Schalk's Posie Patch — 1644 Harrison Ave, Butte, MT 59701
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space with public utilities and potential for retail, office, or service operations.
Where is this storefront property located?
The property is located at 1644 Harrison Butte, MT.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,148‑square‑foot standalone storefront building; Built in 1909; Frontage along Harrison Avenue in Butte
