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Historic Mixed-Use Building in Butte

47 E Broadway Street Butte, MT 59701

Claim this Listing
For Sale
$1,100,000

Three-story mixed-use building with apartments and a cafe.

Type:Commercial
Property size:
10,152 SF
Price / SF:
$108/SF
Added:
May 22, 2026
Days on Market:
53
Last Refresh:
Jul 3 at 7:34 am

Property Features for 47 E Broadway Street

General Information

Standard status
Active
Size
10,152 SF
Property subtype
Commercial

Building Details

Year Built
1900

Listing office Engel & Volkers - Butte

Listing date May 22, 2026

Source Clearwaterproperties

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 Engel & Volkers - Butte


Investment Insights

Based on property information with market context.

Located in Butte's historic business district, this circa 1889 brick and stucco building features three floors and a full basement, presenting significant potential. The property is situated within an Opportunity Zone and is eligible for URA and BLDC grants and loans. The upper floors house nine apartments with month-to-month tenants, offering flexibility for various uses such as Airbnb, rentals, owner occupancy, or a combination. The main floor currently operates as a cafe, providing weekday lunch and catering services. The downstairs area and dining rooms are equipped with central air. The building features a rubber membrane roof, and the electrical, sewer, and hot water heater systems have been updated. The property's size is 10152 square feet.

Key Highlights

  • Located in an Opportunity Zone and eligible for URA/BLDC grants and loans.
  • Nine apartments on upper floors offer flexible use options.
  • Main floor operates as a café with weekday lunch and catering business.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $146.2k $14.40
− Vacancy −$14.6k −$1.44
EGI $131.6k $12.96
− OpEx −$49.3k −$4.86
NOI $82.2k $8.10
10,152 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$1.17M
$1.03M – $1.37M (±1% cap)
NOI $82,231 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$890.2K
$778.9K – $1.04M (±1% cap)
NOI $62,313 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M (±1% cap)
NOI $154,877 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Uptown Cafe Restaurant

Suggested Use

Auto Parts Store HVAC Service Carpet & Flooring Store Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture Pet Grooming Service Storage Facility Butcher

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

FAQs

What type of property is this?
Mixed-use property - Three-story mixed-use building with apartments and a cafe.
Where is this mixed-use property located?
The property is located at 47 E Broadway Street Butte, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Located in an Opportunity Zone and eligible for URA/BLDC grants and loans.; Nine apartments on upper floors offer flexible use options.; Main floor operates as a café with weekday lunch and catering business.
Contact an agent
More about this property
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