47 E Broadway Street, Butte, MT 59701

Building Details

Year Built 1900 More

Buildings 1 More

Stories 3 More

Units 8 More

Construction brick and stucco More

Listing Agency: Engel & Volkers Gainesville

Listed By: Heather Choquette · License MT RRE-RBS-LIC-79565 Show Phone

Source: Crexi

Added: May 12 Changed: Nov 12 Last Checked: Nov 12 at 6:40AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines nine apartments on the upper floors with a café occupying the main level. The commercial space currently serves weekday lunch and catering, while the building also includes dining rooms and a full basement. Central air serves the downstairs area and dining rooms, providing HVAC support for the primary commercial spaces.

The property is located at 47 E Broadway Street in Butte’s historic business district and carries Commercial, 1 zoning. It is within an Opportunity Zone and may qualify for URA and BLDC grants and loans. Building updates include a rubber membrane roof, refreshed electrical and sewer systems, and an updated hot water heater. Apartment tenants are on month-to-month arrangements, providing flexibility for future ownership or operating plans.

Key Highlights

• Nine apartments occupy the upper floors
• Main‑floor café currently serves weekday lunch and catering
• Three floors plus a full basement at 47 E Broadway Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,231

Cap Rate

7.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,644,620 $1.6M

Cap Rate 7%

$1,174,729 $1.2M

Cap Rate 9%

$913,678 $913.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,152 SF

Gross rent

$146.2K $14.40/SF

− Vacancy

−$14.6K −$1.44/SF

EGI

$131.6K $12.96/SF

− OpEx

−$49.3K −$4.86/SF

NOI

$82.2K $8.10/SF

Area

Silver Bow County, MT

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,644,620

Cap Rate 7%

$1,174,729

Cap Rate 9%

$913,678

Alternative Uses

Best Use

Specialty Retail

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,717 @ 7.0% cap · market cap 11.34%

Second Best

Mixed Use

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,231 @ 7.0% cap · market cap 7.48%

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 authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Uptown Cafe Restaurant

Suggested Use

Top Pick Auto Parts Store HVAC Service Carpet & Flooring Store Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,330

Businesses Nearby

Explore this area Business Placement

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 Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Upper-level apartments accompany an operating café, central air, and a full basement.

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: Nine apartments occupy the upper floors; Main‑floor café currently serves weekday lunch and catering; Three floors plus a full basement at 47 E Broadway Street