Historic Downtown Mixed-Use
New
For Sale
$625,000
209 Cherry Street, Anaconda, MT 59711
Brick commercial building with five street-level suites and partially improved upper-floor space in downtown Anaconda.
Property Size14,229 SF
Price / SF$43.92
Days on Market4
Property Features for 209 Cherry Street
General Information
Standard status
Active
Size
14,229 SF
Property subtype
Commercial
Zoning
CBD
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$8,600
Building Details
Building Size
14,229 SF
Year Built
1895
Buildings
1
Construction
brick
Tenancy
Multi
Abandoned
No
Listing Agency:
Eagen Real Estate
(406) 995-2404
Listed By:
Ethan Stokes
(406) 579-1989
Source:
Outlaw
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 8:19AM
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 Eagen Real Estate
Investment Insights
Based on property information with market context.
Built in 1895, The Davidson is a 14,229-square-foot brick commercial building at 209 Cherry Street in downtown Anaconda. The property contains five ground-floor commercial suites, while the partially remodeled second floor includes electrical, HVAC, and most plumbing infrastructure for future office or residential use. Building improvements include updated plumbing, heating, and electrical systems completed within the last 25 years, along with a newer roof.
The property is zoned CBD and occupies a walkable downtown block with storefront exposure. The upper level is configured for potential expansion to approximately 14 apartments, subject to applicable approvals and verification. The asset is occupied and income-producing, with an approximately 8% pro forma cap rate. It is also located within an IRS Opportunity Zone and may qualify for historic tax credit programs or local TIF support, subject to independent confirmation.
The property is zoned CBD and occupies a walkable downtown block with storefront exposure. The upper level is configured for potential expansion to approximately 14 apartments, subject to applicable approvals and verification. The asset is occupied and income-producing, with an approximately 8% pro forma cap rate. It is also located within an IRS Opportunity Zone and may qualify for historic tax credit programs or local TIF support, subject to independent confirmation.
Key Highlights
- 14,229 SF brick commercial building constructed in 1895
- Five ground‑floor commercial suites on a walkable downtown block
- CBD zoning in downtown Anaconda at 209 Cherry Street
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Groceries 17%
Town Pump
Shops & Services
12,181 visits/mo
0.4 miles
Exxon
Shops & Services
12,177 visits/mo
0.4 miles
Bob's Market
Groceries
5,286 visits/mo
0.5 miles
Carquest Auto Parts - Townsend Auto Parts LLC
Shops & Services
1,120 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
466 visits/mo
0.4 miles
Demographics for 59711, MT
9,234
Population
6,108
Households
1.5
Avg Household Size
50
Median Age
23%
College-Educated
93%
High-School Grad
558.6 sq mi
ZIP Area
17
Density / Sq Mi
$50,965
Median Household Income
$33,725
Median Earnings
$666
Median Rent
$215,600
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building with five street-level suites and partially improved upper-floor space in downtown Anaconda.
Where is this mixed-use property located?
The property is located at 209 Cherry Street Anaconda, MT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 14,229 SF brick commercial building constructed in 1895; Five ground‑floor commercial suites on a walkable downtown block; CBD zoning in downtown Anaconda at 209 Cherry Street
