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Butte Investment Property For Sale

1820 Meadowlark Ln, Butte, MT 59701

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For Sale

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Centrally located investment property with government tenants and long-term occupancy.

Type:Office

Property size:

28,926 SF

Price / SF:

$232/SF

HighLights

Leased to government tenants including US Forest Service providing stable income.
Anchor tenant is the United States Forest Service (GSA).
Long‑term occupancy with established agencies.
Well‑maintained building limiting near‑term capital improvements.
Includes specialized warehouse and yard space.
Built in 1990.

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Contact an agent

Macall McGillis SIOR/ICSC

For Sale

Contact for pricing

Centrally located investment property with government tenants and long-term occupancy.

Type:Office

Property size:

28,926 SF

Price / SF:

$232/SF

Added:: Mar 23, 2026
Days on Market:: 106
Last Refresh:: Mar 25 at 8:41 am

Property Features for 1820 Meadowlark Ln

General Information

Standard status: Active
Size: 28,926 SF
Property subtype: Office

Building Details

Year Built: 1990

We can help!

Contact an agent

Macall McGillis SIOR/ICSC

Listing office Real Estate Montana & Co

Listing date Mar 23, 2026

Source Crexi

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 Real Estate Montana & Co

HighLights

Leased to government tenants including US Forest Service providing stable income.
Anchor tenant is the United States Forest Service (GSA).
Long‑term occupancy with established agencies.
Well‑maintained building limiting near‑term capital improvements.
Includes specialized warehouse and yard space.
Built in 1990.

Overview

This centrally located property in Butte, Montana, presents an investment opportunity with stable income supported by government tenants and long-term occupancy. The property is leased to three established agencies: the United States Forest Service (GSA), the Montana Division of Criminal Investigation, and Montana Fish, Wildlife & Parks. The Forest Service serves as the anchor tenant. The specialized warehouse and yard space supports long-term operational stability. The building has been well maintained, helping retain tenants and limit near-term capital improvements. Investors benefit from rental income, essential occupancy, and the strong credit profile of state and federal leases. This income-producing asset is designed for investors seeking predictable returns with limited operational involvement. The property size is 28926 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$579.7k	$20.04
− Vacancy	−$81.7k	−$2.83
EGI	$497.9k	$17.21
− OpEx	−$124.5k	−$4.30
NOI	$373.5k	$12.91

28,926 SF · lease $20.04/SF/yr · vacancy 14.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.34M

$4.67M – $6.22M (±1% cap)

NOI $373,457 @ 7.0% cap · market cap 5.56%

Second Best

—

no second resolved use

Theoretical Best

Office A

$6.30M

$5.52M – $7.35M (±1% cap)

NOI $441,290 @ 7.0% cap · market cap 6.57%

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

Property Profile Location Intelligence

Current Use by Public Records

US Forest Service ... Federal Government Office FLEECER STATION Campground & RV Park Sheepshead Picnic Area Picnic Ground Fish Wildlife & Parks State Government Office Freedom Point Campground Campground & RV Park

Suggested Use

Location Insight

Map
Local Demand

City: Butte
County: Silver Bow
State: Montana
Longitude: -112.5137729
Latitude: 45.967294

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For sale
Office buildings
MT
Butte
59701
1820 Meadowlark Ln

What type of property is this?

Office building - Centrally located investment property with government tenants and long-term occupancy.

Where is this office building located?

The property is located at 1820 Meadowlark Ln Butte, MT.

What is the asking price?

The asking price for this property is $6,713,000.

What are key features of this property?

This property features: Leased to government tenants including US Forest Service providing stable income.; Anchor tenant is the United States Forest Service (GSA).; Long‑term occupancy with established agencies.