Open-Plan Storefront
For Sale
$430,000
1700 Harrison, Butte, MT 59701
CommercialSale, Butte, MT
Property Size2,526 SF
Lot Size0.22 Acres
Price / SF$170.23
Days on Market115
Property Features for 1700 Harrison
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
See Address
Subdivision
10BE - Butte - E of Harrison to 4 Mi V
Standard status
Active
APN
0001460300
Size
2,526 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRAND AVENUE ADD, S19, T03 N, R07 W, BLOCK 18, LOT 1 - 3
Tax Annual Amount
3700
Legal Description
GRAND AVENUE ADD, S19, T03 N, R07 W, BLOCK 18, LOT 1 - 3
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
large parking lot
newer roof
updated electrical, plumbing, and heating systems
Building Details
Year built
1918
Listing Agency:
Century 21 Shea Realty · Century 21 Real Estate
(406) 723-5455
Listed By:
Gary Shea · License #BRO-10976
(406) 490-7432
Added: May 5
Changed: Aug 19
Last Checked: Aug 27 at 12:06AM
MLS# 410964
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 storefront property at 1700 Harrison in Butte contains 2,526 square feet on a 0.218-acre parcel. The interior is predominantly open and includes two bathrooms, offering a straightforward commercial layout. The building dates to 1918 and has a newer roof, along with updated electrical, plumbing, and heating systems.
A large parking lot serves the property, which is positioned on Harrison Avenue, identified as Butte’s primary commercial street. Public water and public sewer are in place, supporting the existing commercial improvements.
A large parking lot serves the property, which is positioned on Harrison Avenue, identified as Butte’s primary commercial street. Public water and public sewer are in place, supporting the existing commercial improvements.
Key Highlights
- 2,526‑square‑foot storefront property on a 0.218‑acre parcel
- Mostly open interior layout with 2 bathrooms
- Large on‑site parking lot
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
$25,833
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
6.01%
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%
$516,660
$516.7K
Cap Rate 7%
$369,043
$369.0K
Cap Rate 9%
$287,033
$287.0K
Market Conditions
NOI Build-Up for 2,526 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
$37.9K $15.00/SF
− Vacancy
−$985 −$0.39/SF
EGI
$36.9K $14.61/SF
− OpEx
−$11.1K −$4.38/SF
NOI
$25.8K $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%
$516,660
Cap Rate 7%
$369,043
Cap Rate 9%
$287,033
Alternative Uses
Best Use
Retail
$369.0K
$322.9K – $430.6K
NOI $25,833 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.5K
$481.7K – $642.3K
NOI $38,536 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 18%
Home Improvements & Furnishings 14%
Beauty & Spa 4%
Dollar Tree
Shops & Services
8,984 visits/mo
0.4 miles
Town Pump
Shops & Services
7,071 visits/mo
0.3 miles
Exxon
Shops & Services
7,066 visits/mo
0.3 miles
Butte True Value
Home Improvements & Furnishings
7,006 visits/mo
0.4 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
- Safeway Floral — 2500 Massachusetts Ave, Butte, MT 59701
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Frequently Asked Questions
What type of property is this?
Storefront property - Mostly open commercial interior with public water, public sewer, and on-site parking.
Where is this storefront property located?
The property is located at 1700 Harrison Butte, MT.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,526‑square‑foot storefront property on a 0.218‑acre parcel; Mostly open interior layout with 2 bathrooms; Large on‑site parking lot
